América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Acquired by AIA Group Ltd

AIA Group Ltd boosted its position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 40.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,594 shares of the Wireless communications provider’s stock after purchasing an additional 33,564 shares during the period. AIA Group Ltd’s holdings in América Móvil were worth $2,141,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AMX. UBS Asset Management Americas Inc. acquired a new stake in América Móvil during the 2nd quarter valued at $28,000. Financial Freedom LLC bought a new position in América Móvil during the 4th quarter valued at $28,000. Allworth Financial LP boosted its stake in América Móvil by 198.8% during the 3rd quarter. Allworth Financial LP now owns 1,808 shares of the Wireless communications provider’s stock valued at $31,000 after acquiring an additional 1,203 shares during the last quarter. NBC Securities Inc. bought a new position in América Móvil during the 3rd quarter valued at $31,000. Finally, Motco bought a new position in América Móvil during the 3rd quarter valued at $36,000. 6.30% of the stock is owned by institutional investors and hedge funds.

América Móvil Trading Down 1.6 %

Shares of NYSE:AMX opened at $17.75 on Friday. The company has a market cap of $55.47 billion, a PE ratio of 13.25, a P/E/G ratio of 1.22 and a beta of 0.98. The company’s 50-day moving average price is $18.57 and its 200 day moving average price is $18.04. América Móvil, S.A.B. de C.V. has a fifty-two week low of $15.99 and a fifty-two week high of $23.07. The company has a quick ratio of 0.63, a current ratio of 0.67 and a debt-to-equity ratio of 0.83.

América Móvil (NYSE:AMX) last released its earnings results on Tuesday, February 13th. The Wireless communications provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.25 by $0.08. The firm had revenue of $11.45 billion for the quarter, compared to analysts’ expectations of $11.92 billion. América Móvil had a net margin of 9.18% and a return on equity of 18.02%. Sell-side analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.56 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. The Goldman Sachs Group increased their price objective on shares of América Móvil from $19.50 to $21.00 and gave the company a “neutral” rating in a research note on Monday, February 26th. UBS Group raised their price target on shares of América Móvil from $21.00 to $22.80 and gave the stock a “buy” rating in a research report on Tuesday, January 16th. StockNews.com upgraded shares of América Móvil from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. Jefferies Financial Group upgraded shares of América Móvil from a “hold” rating to a “buy” rating and raised their price target for the stock from $19.16 to $22.22 in a research report on Friday, February 16th. Finally, JPMorgan Chase & Co. raised their price target on shares of América Móvil from $15.00 to $17.50 and gave the stock an “underweight” rating in a research report on Monday, April 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.57.

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 also 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.