América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. boosted its stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 57.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,535 shares of the Wireless communications provider’s stock after acquiring an additional 2,028 shares during the period. Blue Trust Inc.’s holdings in América Móvil were worth $79,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. FMR LLC raised its stake in shares of América Móvil by 125.6% in the 3rd quarter. FMR LLC now owns 65,590 shares of the Wireless communications provider’s stock valued at $1,073,000 after purchasing an additional 36,520 shares in the last quarter. ABS Direct Equity Fund LLC raised its stake in América Móvil by 21.4% during the third quarter. ABS Direct Equity Fund LLC now owns 413,922 shares of the Wireless communications provider’s stock valued at $6,772,000 after buying an additional 73,022 shares in the last quarter. Empirical Asset Management LLC bought a new position in América Móvil during the 4th quarter worth approximately $487,000. Barclays PLC grew its position in shares of 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 acquiring an additional 149,707 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in shares of América Móvil by 26.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 21,124 shares of the Wireless communications provider’s stock valued at $346,000 after acquiring an additional 4,417 shares during the last quarter. 6.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. The Goldman Sachs Group decreased their price target on shares of América Móvil from $17.80 to $17.60 and set a “buy” rating for the company in a report on Tuesday, January 28th. Scotiabank lowered their price objective 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. Finally, StockNews.com raised shares of América Móvil from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $18.94.

América Móvil Stock Performance

Shares of AMX opened at $14.62 on Friday. The firm has a fifty day moving average of $14.34 and a 200-day moving average of $15.63. The company has a market cap of $44.88 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 0.72 and a beta of 0.94. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. América Móvil, S.A.B. de C.V. has a 1 year low of $13.63 and a 1 year high of $20.31.

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.