University of Texas Texas AM Investment Management Co. Increases Stock Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

University of Texas Texas AM Investment Management Co. increased its holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 233.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,925 shares of the Wireless communications provider’s stock after buying an additional 25,864 shares during the period. University of Texas Texas AM Investment Management Co.’s holdings in América Móvil were worth $628,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Capital International Investors boosted its holdings in shares of América Móvil by 4.4% in the first quarter. Capital International Investors now owns 65,339,145 shares of the Wireless communications provider’s stock worth $1,219,228,000 after acquiring an additional 2,741,127 shares during the period. Lazard Asset Management LLC boosted its stake in América Móvil by 9.9% in the 1st quarter. Lazard Asset Management LLC now owns 12,528,301 shares of the Wireless communications provider’s stock worth $233,777,000 after purchasing an additional 1,128,671 shares during the period. Schroder Investment Management Group grew its holdings in América Móvil by 178.8% during the 4th quarter. Schroder Investment Management Group now owns 9,821,322 shares of the Wireless communications provider’s stock valued at $181,891,000 after buying an additional 6,298,239 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of América Móvil by 3.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 8,528,360 shares of the Wireless communications provider’s stock valued at $159,139,000 after buying an additional 245,113 shares during the period. Finally, Capital International Inc. CA increased its position in shares of América Móvil by 9.5% during the first quarter. Capital International Inc. CA now owns 2,986,890 shares of the Wireless communications provider’s stock valued at $55,735,000 after buying an additional 258,203 shares during the period. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMX has been the subject of a number of analyst reports. Scotiabank cut their price objective on shares of América Móvil from $18.90 to $17.80 and set a “sector perform” rating for the company in a research report on Friday, September 20th. UBS Group cut their price target on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating for the company in a report on Thursday, July 18th. Finally, StockNews.com started coverage on shares of América Móvil in a report on Wednesday. They issued a “strong-buy” rating on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.23.

América Móvil Price Performance

AMX stock opened at $16.22 on Wednesday. The firm has a 50 day simple moving average of $16.65 and a two-hundred day simple moving average of $17.73. The stock has a market cap of $50.36 billion, a PE ratio of 15.02, a P/E/G ratio of 0.98 and a beta of 0.95. América Móvil, S.A.B. de C.V. has a one year low of $15.55 and a one year high of $20.31. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.68 and a quick ratio of 0.63.

América Móvil (NYSE:AMX) last announced its quarterly earnings data on Tuesday, July 16th. The Wireless communications provider reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.34 by ($0.36). The firm had revenue of $11.93 billion for the quarter, compared to the consensus estimate of $12.37 billion. América Móvil had a net margin of 3.98% and a return on equity of 7.73%. On average, analysts predict that América Móvil, S.A.B. de C.V. will post 1.39 EPS for the current fiscal year.

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.