Axxcess Wealth Management LLC Boosts Stock Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Axxcess Wealth Management LLC raised its position in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 13.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,158 shares of the Wireless communications provider’s stock after purchasing an additional 1,727 shares during the period. Axxcess Wealth Management LLC’s holdings in América Móvil were worth $262,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AMX. Allworth Financial LP lifted its stake in shares of América Móvil by 198.8% during the third quarter. Allworth Financial LP now owns 1,808 shares of the Wireless communications provider’s stock valued at $31,000 after buying an additional 1,203 shares during the period. NBC Securities Inc. purchased a new stake in América Móvil in the 3rd quarter worth approximately $31,000. Motco acquired a new position in América Móvil in the 3rd quarter valued at $36,000. Sound Income Strategies LLC lifted its stake in shares of América Móvil by 1,729.5% during the 4th quarter. Sound Income Strategies LLC now owns 2,415 shares of the Wireless communications provider’s stock worth $45,000 after purchasing an additional 2,283 shares during the period. Finally, Benjamin F. Edwards & Company Inc. acquired a new stake in shares of América Móvil during the fourth quarter worth $114,000. 6.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMX has been the subject of several analyst reports. JPMorgan Chase & Co. upped their target price on América Móvil from $15.00 to $17.50 and gave the company an “underweight” rating in a research note on Monday, April 1st. Jefferies Financial Group upgraded shares of América Móvil from a “hold” rating to a “buy” rating and increased their price objective for the stock from $19.16 to $22.22 in a report on Friday, February 16th. UBS Group boosted their target price on shares of América Móvil from $21.00 to $22.80 and gave the company a “buy” rating in a report on Tuesday, January 16th. Scotiabank boosted their price target on América Móvil from $16.60 to $17.20 and gave the company a “sector perform” rating in a research report on Thursday, April 25th. Finally, StockNews.com raised América Móvil from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, América Móvil has a consensus rating of “Moderate Buy” and a consensus target price of $22.08.

América Móvil Price Performance

Shares of NYSE AMX opened at $20.17 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.65 and a quick ratio of 0.61. América Móvil, S.A.B. de C.V. has a 1-year low of $15.99 and a 1-year high of $23.07. The company has a market capitalization of $62.63 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 1.36 and a beta of 0.96. The business has a 50-day moving average of $18.76 and a 200-day moving average of $18.27.

América Móvil (NYSE:AMX) last released its quarterly earnings results on Tuesday, February 13th. The Wireless communications provider reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.08. América Móvil had a return on equity of 13.93% and a net margin of 7.28%. The firm had revenue of $11.45 billion during the quarter, compared to analysts’ expectations of $11.92 billion. On average, equities analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.51 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 also 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.