Banco BTG Pactual S.A. Has $1.67 Million Stock Holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Banco BTG Pactual S.A. increased its stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 56.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,008 shares of the Wireless communications provider’s stock after purchasing an additional 42,008 shares during the period. Banco BTG Pactual S.A.’s holdings in América Móvil were worth $1,674,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AMX. Farther Finance Advisors LLC grew its holdings in shares of América Móvil by 82.5% in the 4th quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider’s stock valued at $45,000 after buying an additional 1,414 shares during the period. Gateway Investment Advisers LLC raised its position in América Móvil by 17.3% during the fourth quarter. Gateway Investment Advisers LLC now owns 12,835 shares of the Wireless communications provider’s stock worth $184,000 after acquiring an additional 1,893 shares in the last quarter. Lee Danner & Bass Inc. bought a new position in América Móvil during the fourth quarter worth about $29,000. Blue Trust Inc. raised its stake in América Móvil by 57.8% in the 4th quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider’s stock valued at $79,000 after acquiring an additional 2,028 shares during the period. Finally, Hantz Financial Services Inc. boosted its holdings in shares of América Móvil by 3.0% during the third quarter. Hantz Financial Services Inc. now owns 73,650 shares of the Wireless communications provider’s stock worth $1,205,000 after acquiring an additional 2,177 shares during the period. Institutional investors and hedge funds own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group reduced 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. 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 research report on Thursday, February 13th. StockNews.com raised América Móvil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 15th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $17.15.

América Móvil Stock Up 0.7 %

Shares of América Móvil stock opened at $14.28 on Wednesday. The company’s 50 day moving average price is $14.38 and its 200-day moving average price is $15.08. América Móvil, S.A.B. de C.V. has a 52-week low of $13.63 and a 52-week 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 $43.55 billion, a price-to-earnings ratio of 29.14, a P/E/G ratio of 0.77 and a beta of 0.95.

América Móvil (NYSE:AMX) last released its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share (EPS) 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%. Equities research analysts forecast that América Móvil, S.A.B. de C.V. will post 1.51 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.