4,000 Shares in América Móvil, S.A.B. de C.V. (NYSE:AMX) Acquired by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. bought a new stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,000 shares of the Wireless communications provider’s stock, valued at approximately $57,000.

A number of other hedge funds and other institutional investors have also modified their holdings of AMX. Blue Trust Inc. grew its holdings 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 valued at $60,000 after purchasing an additional 2,322 shares during the period. CENTRAL TRUST Co boosted its holdings in América Móvil by 3,500.0% in the 3rd quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider’s stock valued at $59,000 after purchasing an additional 3,500 shares during the last quarter. Allworth Financial LP grew its stake in shares of América Móvil by 46.1% in the 3rd quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock valued at $81,000 after buying an additional 1,567 shares during the period. Modus Advisors LLC purchased a new stake in shares of América Móvil in the 4th quarter valued at approximately $80,000. Finally, EP Wealth Advisors LLC acquired a new stake in shares of América Móvil during the 3rd quarter worth approximately $177,000. 6.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMX has been the topic of a number of recent analyst reports. StockNews.com upgraded América Móvil from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. 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 research note on Thursday, January 16th. The Goldman Sachs Group cut their price objective on América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a research report on Friday, November 15th. Finally, Scotiabank decreased their target price on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $18.98.

América Móvil Trading Down 0.2 %

Shares of NYSE AMX opened at $14.17 on Friday. 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 stock has a market capitalization of $43.49 billion, a PE ratio of 21.14, a PEG ratio of 0.71 and a beta of 0.93. América Móvil, S.A.B. de C.V. has a twelve month low of $13.63 and a twelve month high of $20.31. The stock has a fifty day simple moving average of $14.50 and a 200-day simple moving average of $15.90.

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.