Lee Danner & Bass Inc. Purchases New Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Lee Danner & Bass Inc. purchased a new stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 2,000 shares of the Wireless communications provider’s stock, valued at approximately $29,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Spire Wealth Management acquired a new position in América Móvil in the fourth quarter valued at approximately $32,000. Farther Finance Advisors LLC boosted its holdings in América Móvil by 82.5% in the fourth quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider’s stock valued at $45,000 after purchasing an additional 1,414 shares in the last quarter. R Squared Ltd acquired a new position in América Móvil in the fourth quarter valued at approximately $49,000. Raleigh Capital Management Inc. acquired a new position in América Móvil in the fourth quarter valued at approximately $57,000. Finally, Blue Trust Inc. boosted its holdings in shares of América Móvil by 57.8% in the fourth quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider’s stock valued at $79,000 after acquiring an additional 2,028 shares during the period. 6.30% of the stock is owned by institutional investors and hedge funds.

América Móvil Price Performance

América Móvil stock opened at $14.09 on Monday. América Móvil, S.A.B. de C.V. has a 12 month low of $13.63 and a 12 month high of $20.31. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. The business has a 50 day simple moving average of $14.37 and a 200-day simple moving average of $15.11. The stock has a market capitalization of $42.96 billion, a PE ratio of 28.74, a price-to-earnings-growth ratio of 0.77 and a beta of 0.95.

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

Analyst Upgrades and Downgrades

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

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.