First Affirmative Financial Network Takes Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

First Affirmative Financial Network purchased a new position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,162 shares of the Wireless communications provider’s stock, valued at approximately $173,000.

A number of other large investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its position in América Móvil by 55.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,872 shares of the Wireless communications provider’s stock worth $243,000 after purchasing an additional 6,033 shares during the last quarter. Farther Finance Advisors LLC boosted 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 buying an additional 1,414 shares during the period. Blue Trust Inc. grew its holdings 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 worth $79,000 after buying an additional 2,028 shares in the last quarter. Barclays PLC grew its holdings in América Móvil by 36,692.9% in the 3rd 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 América Móvil in the 4th quarter valued at approximately $1,386,000. Institutional investors and hedge funds own 6.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on AMX shares. Scotiabank reduced their price target on América Móvil from $17.30 to $13.70 and set a “sector perform” rating for the company in a research report on Thursday, February 13th. Hsbc Global Res raised shares of América Móvil from a “hold” rating to a “strong-buy” rating in a report on Monday, April 14th. HSBC raised shares of América Móvil from a “hold” rating to a “buy” rating and raised their target price for the company from $15.50 to $17.50 in a research note on Monday, April 14th. UBS Group lowered shares of América Móvil from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 21st. Finally, The Goldman Sachs Group decreased their price objective on shares of América Móvil from $17.60 to $17.30 and set a “buy” rating for the company in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, América Móvil currently has an average rating of “Moderate Buy” and a consensus price target of $17.22.

América Móvil Price Performance

Shares of América Móvil stock opened at $16.97 on Friday. América Móvil, S.A.B. de C.V. has a 52 week low of $13.10 and a 52 week high of $18.73. 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 cap of $51.49 billion, a PE ratio of 34.62, a price-to-earnings-growth ratio of 0.77 and a beta of 0.78. The company’s 50-day moving average price is $16.35 and its two-hundred day moving average price is $15.10.

América Móvil (NYSE:AMX) last announced its quarterly earnings data on Wednesday, April 30th. The Wireless communications provider reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). América Móvil had a return on equity of 6.38% and a net margin of 3.25%. The business had revenue of $11.36 billion during the quarter, compared to analyst estimates of $11.28 billion. As a group, sell-side analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.51 EPS 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.