Transce3nd LLC Takes $26,000 Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Transce3nd LLC purchased a new position in América Móvil, S.A.B. de C.V. (NYSE:AMX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,799 shares of the Wireless communications provider’s stock, valued at approximately $26,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Lee Danner & Bass Inc. acquired a new stake in shares of América Móvil during the 4th quarter worth about $29,000. Spire Wealth Management acquired a new stake in shares of América Móvil during the fourth quarter worth approximately $32,000. Farther Finance Advisors LLC raised its stake in shares of América Móvil by 82.5% in the fourth quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider’s stock valued at $45,000 after acquiring an additional 1,414 shares during the last quarter. R Squared Ltd acquired a new position in shares of América Móvil in the 4th quarter worth approximately $49,000. Finally, Raleigh Capital Management Inc. bought a new stake in América Móvil during the 4th quarter worth approximately $57,000. Institutional investors own 6.30% of the company’s stock.

América Móvil Stock Performance

Shares of NYSE:AMX opened at $16.81 on Thursday. The company has a market capitalization of $51.26 billion, a price-to-earnings ratio of 34.30, a P/E/G ratio of 0.77 and a beta of 0.79. The firm’s 50 day simple moving average is $14.60 and its 200 day simple moving average is $14.85. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. América Móvil, S.A.B. de C.V. has a fifty-two week low of $13.10 and a fifty-two week high of $20.31.

América Móvil (NYSE:AMX) last announced its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.27). América Móvil had a return on equity of 6.38% and a net margin of 3.25%. As a group, sell-side analysts forecast that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on AMX. HSBC raised América Móvil from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $15.50 to $17.50 in a research note on Monday, April 14th. JPMorgan Chase & Co. lowered their price objective on shares of América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Scotiabank reduced their target price on shares of América Móvil from $17.30 to $13.70 and set a “sector perform” rating on the stock in a research report on Thursday, February 13th. Hsbc Global Res raised shares of América Móvil from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 14th. Finally, The Goldman Sachs Group dropped their price objective on shares of América Móvil from $17.60 to $17.30 and set a “buy” rating for the company in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.22.

About América Móvil

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.