American Century Companies Inc. Acquires 47,941 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

American Century Companies Inc. lifted its stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 5.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 886,985 shares of the Wireless communications provider’s stock after acquiring an additional 47,941 shares during the period. American Century Companies Inc.’s holdings in América Móvil were worth $15,079,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Securities Inc. bought a new stake in shares of América Móvil during the fourth quarter valued at about $41,000. Envestnet Portfolio Solutions Inc. increased its holdings in América Móvil by 2.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 21,622 shares of the Wireless communications provider’s stock worth $400,000 after acquiring an additional 587 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in América Móvil by 49.5% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 19,075 shares of the Wireless communications provider’s stock worth $353,000 after acquiring an additional 6,313 shares during the period. Assetmark Inc. lifted its stake in América Móvil by 13.4% in the 4th quarter. Assetmark Inc. now owns 171,095 shares of the Wireless communications provider’s stock worth $3,169,000 after purchasing an additional 20,193 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in América Móvil by 3.1% in the 4th quarter. US Bancorp DE now owns 240,546 shares of the Wireless communications provider’s stock valued at $4,455,000 after purchasing an additional 7,133 shares during the period. 6.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AMX has been the topic of several research analyst reports. StockNews.com raised shares of América Móvil from a “buy” rating to a “strong-buy” rating in a report on Friday, August 9th. UBS Group lowered their price target on América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a report on Thursday, July 18th. Finally, Scotiabank dropped their price target on América Móvil from $18.90 to $17.80 and set a “sector perform” rating for the company in a research report on Friday. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, América Móvil currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.23.

América Móvil Trading Down 4.1 %

NYSE AMX opened at $16.07 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.98. The stock’s 50-day simple moving average is $16.86 and its two-hundred day simple moving average is $17.88. América Móvil, S.A.B. de C.V. has a twelve month low of $15.55 and a twelve month high of $20.31. The company has a market capitalization of $49.88 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 0.98 and a beta of 0.95.

América Móvil (NYSE:AMX) last announced its quarterly earnings data on Tuesday, July 16th. The Wireless communications provider reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.36). The firm had revenue of $11.93 billion for the quarter, compared to analysts’ expectations of $12.37 billion. América Móvil had a net margin of 3.98% and a return on equity of 7.73%. Research analysts forecast 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.