Robeco Institutional Asset Management B.V. Buys 1,050,203 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Robeco Institutional Asset Management B.V. grew its position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 115.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,961,191 shares of the Wireless communications provider’s stock after buying an additional 1,050,203 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in América Móvil were worth $28,065,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. R Squared Ltd bought a new stake in América Móvil in the 4th quarter worth approximately $49,000. Raleigh Capital Management Inc. bought a new stake in América Móvil during the fourth quarter valued at about $57,000. CENTRAL TRUST Co increased its position in América Móvil by 3,500.0% in the third quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider’s stock worth $59,000 after buying an additional 3,500 shares in the last quarter. Blue Trust Inc. raised its stake in shares of América Móvil by 195.9% in the third quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock worth $60,000 after buying an additional 2,322 shares during the period. Finally, Modus Advisors LLC bought a new position in shares of América Móvil during the 4th quarter valued at approximately $80,000. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMX has been the topic of several analyst reports. StockNews.com raised shares of América Móvil from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Scotiabank decreased their price target on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a research note on Wednesday, October 16th. JPMorgan Chase & Co. decreased their price target on América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Finally, The Goldman Sachs Group cut their price objective on shares of América Móvil from $17.80 to $17.60 and set a “buy” rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.94.

América Móvil Price Performance

Shares of AMX stock opened at $14.31 on Friday. The stock has a 50 day moving average price of $14.41 and a 200 day moving average price of $15.76. The firm has a market capitalization of $43.93 billion, a P/E ratio of 21.36, a P/E/G ratio of 0.73 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. América Móvil, S.A.B. de C.V. has a 52-week low of $13.63 and a 52-week high of $20.31.

América Móvil Company 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.