Essex Financial Services Inc. Purchases Shares of 52,494 América Móvil, S.A.B. de C.V. (NYSE:AMX)

Essex Financial Services Inc. acquired a new stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) in the 4th quarter, Holdings Channel reports. The firm acquired 52,494 shares of the Wireless communications provider’s stock, valued at approximately $751,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC lifted its stake in América Móvil by 125.6% in the third quarter. FMR LLC now owns 65,590 shares of the Wireless communications provider’s stock worth $1,073,000 after acquiring an additional 36,520 shares during the last quarter. ABS Direct Equity Fund LLC raised its holdings in shares of América Móvil by 21.4% in the 3rd quarter. ABS Direct Equity Fund LLC now owns 413,922 shares of the Wireless communications provider’s stock valued at $6,772,000 after purchasing an additional 73,022 shares in the last quarter. Blue Trust Inc. lifted its position in shares of América Móvil by 57.8% during the 4th quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider’s stock worth $79,000 after purchasing an additional 2,028 shares during the last quarter. Empirical Asset Management LLC purchased a new stake in shares of América Móvil during the 4th quarter worth $487,000. Finally, Barclays PLC grew its stake in shares of América Móvil by 36,692.9% during the third quarter. Barclays PLC now owns 150,115 shares of the Wireless communications provider’s stock worth $2,456,000 after purchasing an additional 149,707 shares in the last quarter. 6.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AMX shares. Scotiabank cut their price target on 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. cut their target price on América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. StockNews.com upgraded América Móvil from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Finally, The Goldman Sachs Group dropped their price target on shares of América Móvil from $17.80 to $17.60 and set a “buy” rating on the stock in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.94.

América Móvil Stock Up 0.5 %

AMX opened at $14.80 on Thursday. América Móvil, S.A.B. de C.V. has a one year low of $13.63 and a one year high of $20.31. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. The stock has a market capitalization of $45.44 billion, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 0.75 and a beta of 0.93. The business’s 50-day simple moving average is $14.33 and its 200-day simple moving average is $15.55.

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 8.61% and a net margin of 4.45%. Analysts anticipate that América Móvil, S.A.B. de C.V. will post 0.69 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.