Raymond James Financial Inc. Buys New Shares in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Raymond James Financial Inc. purchased a new position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 96,864 shares of the Wireless communications provider’s stock, valued at approximately $1,386,000.

A number of other large investors also recently modified their holdings of the business. Spire Wealth Management acquired a new stake in shares of América Móvil in the 4th quarter valued at approximately $32,000. R Squared Ltd acquired a new stake in América Móvil in the fourth quarter valued at $49,000. Raleigh Capital Management Inc. acquired a new stake in América Móvil in the fourth quarter valued at $57,000. Blue Trust Inc. grew its position in shares of América Móvil by 57.8% in the 4th quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider’s stock valued at $79,000 after acquiring an additional 2,028 shares during the period. Finally, Modus Advisors LLC acquired a new position in shares of América Móvil during the 4th quarter worth about $80,000. 6.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMX has been the subject of a number of research analyst reports. The Goldman Sachs Group reduced their price target on América Móvil from $17.60 to $17.30 and set a “buy” rating for the company in a report on Wednesday, February 19th. StockNews.com raised América Móvil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 15th. Scotiabank decreased their target price on América Móvil from $17.30 to $13.70 and set a “sector perform” rating on the stock in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. dropped their price target 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, América Móvil currently has an average rating of “Moderate Buy” and an average target price of $17.15.

América Móvil Price Performance

América Móvil stock opened at $14.47 on Thursday. The company has a market capitalization of $44.13 billion, a price-to-earnings ratio of 29.53, a PEG ratio of 0.77 and a beta of 0.79. 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, S.A.B. de C.V. has a 12 month low of $13.63 and a 12 month high of $20.31. The stock’s 50 day moving average is $14.44 and its 200-day moving average is $15.01.

América Móvil (NYSE:AMX) last issued its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.27). América Móvil had a net margin of 3.25% and a return on equity of 6.38%. Equities research analysts expect that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current 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.