América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Bought by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC raised its position in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 13.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,158 shares of the Wireless communications provider’s stock after buying an additional 1,727 shares during the period. Axxcess Wealth Management LLC’s holdings in América Móvil were worth $262,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of AMX. Allworth Financial LP raised its holdings in América Móvil by 198.8% in the 3rd quarter. Allworth Financial LP now owns 1,808 shares of the Wireless communications provider’s stock worth $31,000 after purchasing an additional 1,203 shares during the period. NBC Securities Inc. acquired a new stake in América Móvil in the 3rd quarter valued at $31,000. Motco purchased a new stake in América Móvil in the 3rd quarter worth $36,000. Sound Income Strategies LLC raised its position in América Móvil by 1,729.5% during the fourth quarter. Sound Income Strategies LLC now owns 2,415 shares of the Wireless communications provider’s stock worth $45,000 after acquiring an additional 2,283 shares during the period. Finally, Benjamin F. Edwards & Company Inc. purchased a new position in América Móvil during the fourth quarter valued at $114,000. Institutional investors and hedge funds own 6.30% of the company’s stock.

Analysts Set New Price Targets

AMX has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price target on shares of América Móvil from $15.00 to $17.50 and gave the stock an “underweight” rating in a research report on Monday, April 1st. StockNews.com upgraded América Móvil from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. UBS Group boosted their price target on América Móvil from $21.00 to $22.80 and gave the stock a “buy” rating in a research report on Tuesday, January 16th. The Goldman Sachs Group upgraded América Móvil from a “neutral” rating to a “buy” rating and raised their price objective for the company from $21.00 to $22.00 in a report on Monday, April 29th. Finally, Jefferies Financial Group raised shares of América Móvil from a “hold” rating to a “buy” rating and upped their target price for the stock from $19.16 to $22.22 in a report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $22.08.

América Móvil Stock Up 2.5 %

Shares of AMX opened at $20.17 on Friday. The stock has a fifty day simple moving average of $18.76 and a two-hundred day simple moving average of $18.27. The company has a quick ratio of 0.61, a current ratio of 0.65 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $62.63 billion, a PE ratio of 18.68, a price-to-earnings-growth ratio of 1.36 and a beta of 0.96. América Móvil, S.A.B. de C.V. has a 52-week low of $15.99 and a 52-week high of $23.07.

América Móvil (NYSE:AMX) last released its quarterly earnings data on Tuesday, February 13th. The Wireless communications provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.08. The firm had revenue of $11.45 billion during the quarter, compared to analysts’ expectations of $11.92 billion. América Móvil had a net margin of 7.28% and a return on equity of 13.93%. As a group, equities analysts forecast that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current year.

About América Móvil

América Móvil, SAB. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including airtime, 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.