FCA Corp TX Invests $143,000 in América Móvil, S.A.B. de C.V. (NYSE:AMX)

FCA Corp TX bought a new position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) during the fourth quarter, Holdings Channel.com reports. The fund bought 10,000 shares of the Wireless communications provider’s stock, valued at approximately $143,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lee Danner & Bass Inc. acquired a new stake in shares of América Móvil during the fourth quarter worth about $29,000. Spire Wealth Management acquired a new stake in shares of América Móvil during the fourth quarter worth about $32,000. Farther Finance Advisors LLC increased its position in shares of 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 worth $45,000 after purchasing an additional 1,414 shares in the last quarter. R Squared Ltd acquired a new stake in shares of América Móvil during the fourth quarter worth about $49,000. Finally, Raleigh Capital Management Inc. acquired a new position in América Móvil in the 4th quarter valued at about $57,000. Institutional investors and hedge funds own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

AMX has been the topic of several recent research reports. Scotiabank dropped their price target on América Móvil from $17.30 to $13.70 and set a “sector perform” rating on the stock in a research report on Thursday, February 13th. The Goldman Sachs Group dropped their price target on América Móvil from $17.60 to $17.30 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. JPMorgan Chase & Co. dropped their price target 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. Finally, StockNews.com upgraded América Móvil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.15.

América Móvil Price Performance

Shares of AMX opened at $14.09 on Friday. 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’s 50 day moving average is $14.37 and its two-hundred day moving average is $15.11. The firm has a market capitalization of $42.96 billion, a PE ratio of 28.74, a P/E/G ratio of 0.77 and a beta of 0.95. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90.

América Móvil (NYSE:AMX) last announced its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.27). América Móvil had a net margin of 3.25% and a return on equity of 6.38%. Research analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current year.

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.