AIA Group Ltd Raises Stake in América Móvil, S.A.B. de C.V. (NYSE:AMX)

AIA Group Ltd boosted its position in América Móvil, S.A.B. de C.V. (NYSE:AMX – Get Rating) by 28.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,398 shares of the Wireless communications provider’s stock after buying an additional 8,648 shares during the quarter. AIA Group Ltd’s holdings in América Móvil were worth $649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. UBS Asset Management Americas Inc. purchased a new stake in América Móvil in the second quarter worth approximately $28,000. Rosenberg Matthew Hamilton boosted its stake in shares of América Móvil by 95.2% during the third quarter. Rosenberg Matthew Hamilton now owns 1,745 shares of the Wireless communications provider’s stock valued at $29,000 after purchasing an additional 851 shares during the period. Godsey & Gibb Associates purchased a new stake in shares of América Móvil during the second quarter valued at approximately $31,000. Ronald Blue Trust Inc. purchased a new stake in shares of América Móvil during the third quarter valued at approximately $31,000. Finally, Total Clarity Wealth Management Inc. purchased a new stake in shares of América Móvil during the second quarter valued at approximately $45,000. Hedge funds and other institutional investors own 5.55% of the company’s stock.

América Móvil Price Performance

AMX opened at $21.13 on Wednesday. The stock has a fifty day simple moving average of $19.32 and a two-hundred day simple moving average of $18.53. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 0.88. The company has a market cap of $67.19 billion, a price-to-earnings ratio of 7.11, a price-to-earnings-growth ratio of 1.80 and a beta of 0.85. América Móvil, S.A.B. de C.V. has a 12-month low of $16.13 and a 12-month high of $22.65.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AMX. UBS Group lowered América Móvil from a “buy” rating to a “neutral” rating and increased their price objective for the company from $20.40 to $22.50 in a research note on Monday, November 28th. The Goldman Sachs Group dropped their price target on América Móvil from $28.00 to $24.00 and set a “buy” rating for the company in a research note on Wednesday, October 26th. Barclays dropped their price target on América Móvil from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Monday, October 17th. Finally, StockNews.com lowered América Móvil from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 19th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, América Móvil presently has a consensus rating of “Moderate Buy” and an average price target of $22.10.

América Móvil Profile

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América Móvil, SAB. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including 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.