Banco BTG Pactual S.A. Raises Stock Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Banco BTG Pactual S.A. grew its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 56.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 117,008 shares of the Wireless communications provider’s stock after buying an additional 42,008 shares during the quarter. Banco BTG Pactual S.A.’s holdings in América Móvil were worth $1,674,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its position in América Móvil by 82.5% during the fourth quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider’s stock valued at $45,000 after acquiring an additional 1,414 shares during the last quarter. Gateway Investment Advisers LLC grew its holdings in América Móvil by 17.3% in the fourth quarter. Gateway Investment Advisers LLC now owns 12,835 shares of the Wireless communications provider’s stock valued at $184,000 after purchasing an additional 1,893 shares during the period. Lee Danner & Bass Inc. acquired a new position in shares of América Móvil during the 4th quarter worth about $29,000. Blue Trust Inc. lifted its holdings in América Móvil by 57.8% in the 4th quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider’s stock valued at $79,000 after purchasing an additional 2,028 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its position in shares of América Móvil by 3.0% in the third quarter. Hantz Financial Services Inc. now owns 73,650 shares of the Wireless communications provider’s stock valued at $1,205,000 after purchasing an additional 2,177 shares in the last quarter. Hedge funds and other institutional investors own 6.30% of the company’s stock.

Analysts Set New Price Targets

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

América Móvil Stock Performance

Shares of AMX opened at $14.28 on Wednesday. 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’s fifty day moving average price is $14.38 and its 200 day moving average price is $15.08. 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 stock has a market capitalization of $43.55 billion, a PE ratio of 29.14, a price-to-earnings-growth ratio of 0.77 and a beta of 0.95.

América Móvil (NYSE:AMX) last released its 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 net margin of 3.25% and a return on equity of 6.38%. Equities research 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 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.