994,980 Shares in América Móvil, S.A.B. de C.V. (NYSE:AMX) Purchased by ABC Arbitrage SA

ABC Arbitrage SA acquired a new stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 994,980 shares of the Wireless communications provider’s stock, valued at approximately $14,238,000. América Móvil comprises about 2.0% of ABC Arbitrage SA’s holdings, making the stock its 13th largest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMX. Spire Wealth Management bought a new stake in América Móvil in the 4th quarter valued at about $32,000. R Squared Ltd bought a new position in América Móvil in the 4th quarter valued at about $49,000. Blue Trust Inc. raised its position in shares of América Móvil by 195.9% in the 3rd quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock valued at $60,000 after buying an additional 2,322 shares in the last quarter. CENTRAL TRUST Co increased its stake 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 valued at $59,000 after acquiring an additional 3,500 shares during the last quarter. Finally, Raleigh Capital Management Inc. bought a new position in shares of América Móvil in the fourth quarter worth about $57,000. 6.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Scotiabank lowered their price objective on América Móvil from $17.30 to $13.70 and set a “sector perform” rating for the company in a research note on Thursday. 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. The Goldman Sachs Group cut their price target on América Móvil from $17.80 to $17.60 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Finally, StockNews.com upgraded shares of América Móvil from a “buy” rating to a “strong-buy” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.22.

América Móvil Stock Performance

Shares of América Móvil stock opened at $15.29 on Friday. 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 firm has a market capitalization of $46.95 billion, a P/E ratio of 22.82, a P/E/G ratio of 0.75 and a beta of 0.93. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. The business has a fifty day simple moving average of $14.32 and a two-hundred day simple moving average of $15.54.

América Móvil (NYSE:AMX) last announced its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.27). América Móvil had a net margin of 4.45% and a return on equity of 8.61%. On average, equities analysts forecast that América Móvil, S.A.B. de C.V. will post 0.69 earnings per share 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.