34,006 Shares in América Móvil, S.A.B. de C.V. (NYSE:AMX) Acquired by Empirical Asset Management LLC

Empirical Asset Management LLC bought a new stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) during the 4th quarter, HoldingsChannel reports. The fund bought 34,006 shares of the Wireless communications provider’s stock, valued at approximately $487,000.

Other hedge funds have also recently added to or reduced their stakes in the company. CENTRAL TRUST Co grew its stake in shares of América Móvil by 3,500.0% in the third quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider’s stock worth $59,000 after purchasing an additional 3,500 shares in the last quarter. Blue Trust Inc. lifted its holdings in América Móvil by 195.9% in the third quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock worth $60,000 after purchasing an additional 2,322 shares during the period. Modus Advisors LLC bought a new position in América Móvil in the 4th quarter valued at about $80,000. Allworth Financial LP increased its stake in América Móvil by 46.1% during the 3rd quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock valued at $81,000 after buying an additional 1,567 shares during the period. Finally, EP Wealth Advisors LLC bought a new stake in shares of América Móvil during the 3rd quarter worth about $177,000. Institutional investors own 6.30% of the company’s stock.

América Móvil Trading Down 1.1 %

América Móvil stock opened at $13.67 on Friday. The firm has a market cap of $41.95 billion, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 0.71 and a beta of 0.93. América Móvil, S.A.B. de C.V. has a 1 year low of $13.63 and a 1 year high of $20.31. The firm’s 50 day moving average price is $14.58 and its two-hundred day moving average price is $15.98. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AMX. Scotiabank decreased their price objective on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a report on Wednesday, October 16th. The Goldman Sachs Group decreased their price target on América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a research note on Friday, November 15th. JPMorgan Chase & Co. dropped their price objective on América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a research note on Thursday. Finally, StockNews.com raised América Móvil from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $18.98.

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.