Janney Montgomery Scott LLC Raises Stake in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Janney Montgomery Scott LLC lifted its stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMXGet Rating) by 2.4% during the third quarter, HoldingsChannel.com reports. The firm owned 36,847 shares of the Wireless communications provider’s stock after purchasing an additional 858 shares during the period. Janney Montgomery Scott LLC’s holdings in América Móvil were worth $607,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Renaissance Technologies LLC increased its holdings in América Móvil by 19.3% in the second quarter. Renaissance Technologies LLC now owns 3,268,975 shares of the Wireless communications provider’s stock valued at $66,785,000 after buying an additional 529,500 shares in the last quarter. JPMorgan Chase & Co. increased its stake in América Móvil by 0.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,835,997 shares of the Wireless communications provider’s stock valued at $57,940,000 after purchasing an additional 15,300 shares in the last quarter. Bank of New Hampshire raised its holdings in América Móvil by 26.1% during the third quarter. Bank of New Hampshire now owns 56,821 shares of the Wireless communications provider’s stock worth $936,000 after purchasing an additional 11,743 shares during the last quarter. CCG Wealth Management LLC boosted its position in América Móvil by 34.5% during the third quarter. CCG Wealth Management LLC now owns 16,538 shares of the Wireless communications provider’s stock worth $272,000 after purchasing an additional 4,242 shares in the last quarter. Finally, Great Diamond Partners LLC grew its holdings in América Móvil by 16.1% in the third quarter. Great Diamond Partners LLC now owns 21,512 shares of the Wireless communications provider’s stock valued at $354,000 after purchasing an additional 2,981 shares during the last quarter. Hedge funds and other institutional investors own 5.55% of the company’s stock.

América Móvil Price Performance

Shares of NYSE:AMX opened at $20.90 on Friday. The company has a market cap of $66.46 billion, a P/E ratio of 7.04, a P/E/G ratio of 1.76 and a beta of 0.86. The business has a fifty day simple moving average of $19.28 and a 200-day simple moving average of $18.52. América Móvil, S.A.B. de C.V. has a 52 week low of $16.13 and a 52 week high of $22.65. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 0.88.

Analyst Ratings Changes

Several equities research analysts recently commented on AMX shares. UBS Group lowered shares of América Móvil from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $20.40 to $22.50 in a research report on Monday, November 28th. The Goldman Sachs Group dropped their price objective on shares of América Móvil from $28.00 to $24.00 and set a “buy” rating for the company in a research note on Wednesday, October 26th. StockNews.com cut América Móvil from a “strong-buy” rating to a “buy” rating in a report on Thursday. Finally, Barclays cut their price target on América Móvil from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Monday, October 17th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $22.10.

About América Móvil

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América Móvil, SAB. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including local, domestic, and international long-distance services; and network interconnection services. It also provides data services, such as data centers, data administration, and hosting services to residential and corporate clients; value-added services, including Internet access, messaging, and other wireless entertainment and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and wireless security services, mobile payment solutions, machine-to-machine services, mobile banking, virtual private network services, and video calls and personal communications services.

Further Reading

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Institutional Ownership by Quarter for América Móvil (NYSE:AMX)

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