Magnolia Capital Advisors LLC Takes Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Magnolia Capital Advisors LLC acquired a new stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) in the second quarter, Holdings Channel reports. The firm acquired 12,966 shares of the Wireless communications provider’s stock, valued at approximately $220,000.

A number of other institutional investors have also recently made changes to their positions in the business. AQR Capital Management LLC grew its holdings in shares of América Móvil by 343.1% in the second quarter. AQR Capital Management LLC now owns 294,907 shares of the Wireless communications provider’s stock valued at $5,013,000 after purchasing an additional 228,353 shares in the last quarter. Discovery Capital Management LLC CT grew its holdings in shares of América Móvil by 270.1% in the second quarter. Discovery Capital Management LLC CT now owns 1,795,988 shares of the Wireless communications provider’s stock valued at $30,532,000 after purchasing an additional 1,310,688 shares in the last quarter. Frank Rimerman Advisors LLC acquired a new position in shares of América Móvil in the second quarter valued at approximately $217,000. Profund Advisors LLC grew its holdings in shares of América Móvil by 1.7% in the second quarter. Profund Advisors LLC now owns 37,515 shares of the Wireless communications provider’s stock valued at $638,000 after purchasing an additional 630 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in shares of América Móvil by 14.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 23,378 shares of the Wireless communications provider’s stock valued at $397,000 after purchasing an additional 3,016 shares in the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

América Móvil Trading Down 0.2 %

Shares of América Móvil stock opened at $16.36 on Tuesday. The company has a fifty day simple moving average of $16.67 and a 200-day simple moving average of $17.74. América Móvil, S.A.B. de C.V. has a 12-month low of $15.55 and a 12-month high of $20.31. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.98. The stock has a market cap of $50.80 billion, a price-to-earnings ratio of 15.15, a PEG ratio of 0.98 and a beta of 0.95.

América Móvil (NYSE:AMX) last issued its earnings results on Tuesday, July 16th. The Wireless communications provider reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.36). América Móvil had a net margin of 3.98% and a return on equity of 7.73%. The company had revenue of $11.93 billion during the quarter, compared to analyst estimates of $12.37 billion. On average, equities analysts forecast that América Móvil, S.A.B. de C.V. will post 1.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on AMX. Scotiabank lowered their price target on shares of América Móvil from $18.90 to $17.80 and set a “sector perform” rating for the company in a report on Friday, September 20th. UBS Group lowered their price target on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating for the company in a report on Thursday, July 18th. Finally, StockNews.com began coverage on shares of América Móvil in a report on Tuesday, September 24th. They set a “strong-buy” rating for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.23.

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.