Crossmark Global Holdings Inc. Boosts Stake in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Crossmark Global Holdings Inc. raised its position in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 1.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 148,194 shares of the Wireless communications provider’s stock after purchasing an additional 2,732 shares during the period. Crossmark Global Holdings Inc.’s holdings in América Móvil were worth $2,120,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMX. CENTRAL TRUST Co increased its stake in América Móvil by 3,500.0% in the 3rd quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider’s stock valued at $59,000 after buying an additional 3,500 shares during the last quarter. Blue Trust Inc. increased its stake in América Móvil by 195.9% in the 3rd quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock valued at $60,000 after buying an additional 2,322 shares during the last quarter. Modus Advisors LLC purchased a new stake in América Móvil in the 4th quarter valued at about $80,000. Allworth Financial LP increased its stake in América Móvil by 46.1% in the 3rd quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock valued at $81,000 after buying an additional 1,567 shares during the last quarter. Finally, EP Wealth Advisors LLC purchased a new stake in América Móvil in the 3rd quarter valued at about $177,000. Hedge funds and other institutional investors own 6.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced their target price on shares of América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. The Goldman Sachs Group reduced their target price on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a research report on Friday, November 15th. StockNews.com raised shares of América Móvil from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. Finally, Scotiabank reduced their target price on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.98.

América Móvil Stock Down 0.2 %

AMX opened at $14.17 on Friday. The company has a 50 day moving average of $14.50 and a 200 day moving average of $15.90. The company has a market cap of $43.49 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 0.71 and a beta of 0.93. América Móvil, S.A.B. de C.V. has a 12 month low of $13.63 and a 12 month high of $20.31. 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 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.