BNP Paribas Financial Markets Takes Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

BNP Paribas Financial Markets bought a new position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,173,379 shares of the Wireless communications provider’s stock, valued at approximately $16,791,000.

Several other large investors also recently modified their holdings of AMX. Transce3nd LLC purchased a new stake in América Móvil in the 4th quarter worth approximately $26,000. Lee Danner & Bass Inc. purchased a new stake in América Móvil in the fourth quarter worth $29,000. Spire Wealth Management bought a new stake in América Móvil in the fourth quarter valued at $32,000. Parvin Asset Management LLC purchased a new position in América Móvil during the 4th quarter valued at $39,000. Finally, Farther Finance Advisors LLC raised its holdings in América Móvil by 82.5% in the 4th quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider’s stock worth $45,000 after purchasing an additional 1,414 shares in the last quarter. 6.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AMX. JPMorgan Chase & Co. cut their target price on shares of América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. The Goldman Sachs Group reduced their target price on América Móvil from $17.60 to $17.30 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Scotiabank lowered their target price on América Móvil from $17.30 to $13.70 and set a “sector perform” rating for the company in a research note on Thursday, February 13th. StockNews.com raised América Móvil from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 15th. Finally, Hsbc Global Res raised América Móvil from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.22.

América Móvil Trading Up 0.8 %

América Móvil stock opened at $17.00 on Friday. América Móvil, S.A.B. de C.V. has a 12 month low of $13.10 and a 12 month high of $20.31. 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 business’s fifty day simple moving average is $15.20 and its two-hundred day simple moving average is $14.90. The company has a market capitalization of $51.85 billion, a price-to-earnings ratio of 34.69, a price-to-earnings-growth ratio of 0.77 and a beta of 0.82.

América Móvil (NYSE:AMX) last announced its quarterly earnings data on Wednesday, April 30th. The Wireless communications provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). The firm had revenue of $11.36 billion for the quarter, compared to analysts’ expectations of $11.28 billion. América Móvil had a net margin of 3.25% and a return on equity of 6.38%. As a group, equities analysts predict that América Móvil, S.A.B. de C.V. will post 1.51 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.