Axxcess Wealth Management LLC Boosts Stake in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Axxcess Wealth Management LLC increased its stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 135.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,515 shares of the Wireless communications provider’s stock after buying an additional 17,535 shares during the quarter. Axxcess Wealth Management LLC’s holdings in América Móvil were worth $437,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in AMX. Robeco Institutional Asset Management B.V. lifted its position in América Móvil by 115.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,961,191 shares of the Wireless communications provider’s stock worth $28,065,000 after acquiring an additional 1,050,203 shares during the period. ABC Arbitrage SA acquired a new stake in shares of América Móvil during the fourth quarter worth about $14,238,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in América Móvil by 76.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 736,107 shares of the Wireless communications provider’s stock valued at $12,043,000 after buying an additional 317,800 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in América Móvil by 8.7% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 559,236 shares of the Wireless communications provider’s stock worth $9,151,000 after buying an additional 44,631 shares during the period. Finally, ABS Direct Equity Fund LLC raised its position in América Móvil by 21.4% during the 3rd quarter. ABS Direct Equity Fund LLC now owns 413,922 shares of the Wireless communications provider’s stock worth $6,772,000 after buying an additional 73,022 shares during the last quarter. 6.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on AMX. The Goldman Sachs Group dropped their price objective on shares of América Móvil from $17.60 to $17.30 and set a “buy” rating on the stock in a report on Wednesday, February 19th. StockNews.com upgraded América Móvil from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 15th. JPMorgan Chase & Co. lowered their target price on América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Finally, Scotiabank reduced their price target on América Móvil from $17.30 to $13.70 and set a “sector perform” rating for the company in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $17.15.

América Móvil Trading Down 0.6 %

AMX stock opened at $14.09 on Friday. América Móvil, S.A.B. de C.V. has a 52-week low of $13.63 and a 52-week high of $20.31. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. The firm has a market cap of $42.96 billion, a P/E ratio of 28.74, a PEG ratio of 0.77 and a beta of 0.95. The company’s 50-day simple moving average is $14.37 and its 200-day simple moving average is $15.12.

América Móvil (NYSE:AMX) last issued its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.27). América Móvil had a return on equity of 6.38% and a net margin of 3.25%. As a group, equities analysts forecast that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current fiscal year.

América Móvil Profile

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 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.