NBC Securities Inc. Buys 25,629 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

NBC Securities Inc. increased its stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 134,889.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,648 shares of the Wireless communications provider’s stock after purchasing an additional 25,629 shares during the period. NBC Securities Inc.’s holdings in América Móvil were worth $364,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of AMX. Transce3nd LLC bought a new position in shares of América Móvil in the fourth quarter worth $26,000. Lee Danner & Bass Inc. bought a new position in América Móvil in the fourth quarter valued at about $29,000. Spire Wealth Management bought a new position in América Móvil in the fourth quarter valued at about $32,000. Parvin Asset Management LLC bought a new position in América Móvil in the fourth quarter valued at about $39,000. Finally, Farther Finance Advisors LLC grew its position in 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. Institutional investors own 6.30% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on AMX shares. Hsbc Global Res raised América Móvil from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 14th. The Goldman Sachs Group cut their price target on América Móvil from $17.60 to $17.30 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Scotiabank cut their price target on América Móvil from $17.30 to $13.70 and set a “sector perform” rating on the stock in a research note on Thursday, February 13th. HSBC raised América Móvil from a “hold” rating to a “buy” rating and lifted their price target for the company from $15.50 to $17.50 in a research note on Monday, April 14th. Finally, Wall Street Zen raised América Móvil from a “hold” rating to a “buy” rating in a research note on Wednesday, May 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.22.

América Móvil Price Performance

América Móvil stock opened at $16.97 on Friday. The stock’s 50 day moving average is $16.35 and its 200 day moving average is $15.10. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. The firm has a market cap of $51.49 billion, a P/E ratio of 34.62, a P/E/G ratio of 0.77 and a beta of 0.82. América Móvil, S.A.B. de C.V. has a one year low of $13.10 and a one year high of $18.73.

América Móvil (NYSE:AMX) last issued its quarterly earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). América Móvil had a return on equity of 6.38% and a net margin of 3.25%. The business had revenue of $11.36 billion for the quarter, compared to analyst estimates of $11.28 billion. As a group, research analysts expect that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current year.

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.