Mirae Asset Global Investments Co. Ltd. Increases Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Mirae Asset Global Investments Co. Ltd. increased its holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 55.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,872 shares of the Wireless communications provider’s stock after purchasing an additional 6,033 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in América Móvil were worth $243,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AMX. FMR LLC raised its stake in shares of América Móvil by 125.6% during the 3rd quarter. FMR LLC now owns 65,590 shares of the Wireless communications provider’s stock worth $1,073,000 after buying an additional 36,520 shares during the period. ABS Direct Equity Fund LLC increased its holdings in América Móvil by 21.4% in the 3rd quarter. ABS Direct Equity Fund LLC now owns 413,922 shares of the Wireless communications provider’s stock worth $6,772,000 after acquiring an additional 73,022 shares in the last quarter. Blue Trust Inc. raised its position in América Móvil by 57.8% during the fourth quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider’s stock worth $79,000 after acquiring an additional 2,028 shares during the period. Empirical Asset Management LLC purchased a new position in América Móvil during the fourth quarter valued at $487,000. Finally, Barclays PLC grew its position in shares of América Móvil by 36,692.9% in the third quarter. Barclays PLC now owns 150,115 shares of the Wireless communications provider’s stock valued at $2,456,000 after purchasing an additional 149,707 shares during the period. Hedge funds and other institutional investors own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on AMX shares. Scotiabank reduced their price target on shares of América Móvil from $17.30 to $13.70 and set a “sector perform” rating for the company in a research report on Thursday. The Goldman Sachs Group reduced their target price on América Móvil from $17.80 to $17.60 and set a “buy” rating for the company in a report on Tuesday, January 28th. StockNews.com raised América Móvil from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. reduced their price objective on América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $18.22.

América Móvil Stock Up 0.2 %

AMX stock opened at $14.83 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. The firm has a 50-day moving average of $14.32 and a two-hundred day moving average of $15.55. 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 market cap of $45.53 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 0.75 and a beta of 0.93.

América Móvil (NYSE:AMX) last posted its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.27). América Móvil had a net margin of 4.45% and a return on equity of 8.61%. As a group, analysts forecast that América Móvil, S.A.B. de C.V. will post 0.69 earnings per share for the current fiscal year.

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.