Axxcess Wealth Management LLC Grows Stake in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Axxcess Wealth Management LLC boosted its stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 135.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 30,515 shares of the Wireless communications provider’s stock after buying an additional 17,535 shares during the quarter. Axxcess Wealth Management LLC’s holdings in América Móvil were worth $437,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. lifted its position in shares of América Móvil by 115.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,961,191 shares of the Wireless communications provider’s stock valued at $28,065,000 after acquiring an additional 1,050,203 shares in the last quarter. ABC Arbitrage SA purchased a new position in América Móvil in the 4th quarter valued at $14,238,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in América Móvil by 76.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 736,107 shares of the Wireless communications provider’s stock worth $12,043,000 after purchasing an additional 317,800 shares during the last quarter. Barclays PLC grew its holdings 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 buying an additional 149,707 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of América Móvil in the fourth quarter valued at about $1,386,000. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

América Móvil Stock Performance

América Móvil stock opened at $14.09 on Friday. The firm has a 50 day simple moving average of $14.37 and a 200-day simple moving average of $15.12. The stock has a market cap of $42.96 billion, a price-to-earnings ratio of 28.74, a price-to-earnings-growth ratio of 0.77 and a beta of 0.95. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. América Móvil, S.A.B. de C.V. has a 1-year low of $13.63 and a 1-year high of $20.31.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AMX shares. The Goldman Sachs Group lowered their price target on shares of América Móvil from $17.60 to $17.30 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Scotiabank lowered their target price on América Móvil from $17.30 to $13.70 and set a “sector perform” rating on the stock in a report on Thursday, February 13th. StockNews.com raised América Móvil from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 15th. Finally, JPMorgan Chase & Co. lowered their price objective 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. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $17.15.

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.