Sanctuary Advisors LLC Buys New Shares in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Sanctuary Advisors LLC bought a new stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 60,871 shares of the Wireless communications provider’s stock, valued at approximately $1,146,000.

Several other large investors have also recently bought and sold shares of the stock. Profund Advisors LLC raised its stake in América Móvil by 1.7% during the 2nd 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 during the last quarter. Bleakley Financial Group LLC raised its stake in shares of América Móvil by 1.5% in the 1st quarter. Bleakley Financial Group LLC now owns 58,918 shares of the Wireless communications provider’s stock valued at $1,099,000 after buying an additional 864 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of América Móvil by 6.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 16,707 shares of the Wireless communications provider’s stock valued at $284,000 after buying an additional 1,025 shares in the last quarter. Sound Income Strategies LLC raised its stake in shares of América Móvil by 43.5% in the 1st quarter. Sound Income Strategies LLC now owns 3,466 shares of the Wireless communications provider’s stock valued at $65,000 after buying an additional 1,051 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of América Móvil by 1.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 117,906 shares of the Wireless communications provider’s stock valued at $2,200,000 after buying an additional 1,377 shares in the last quarter. 6.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on AMX shares. StockNews.com began coverage on shares of América Móvil in a research note on Thursday. They issued a “strong-buy” rating for the company. UBS Group lowered their target price on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a report on Thursday, July 18th. Finally, Scotiabank lowered their target price on shares of América Móvil from $18.90 to $17.80 and set a “sector perform” rating on the stock in a report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, América Móvil has an average rating of “Moderate Buy” and a consensus price target of $20.60.

América Móvil Stock Down 0.2 %

Shares of NYSE:AMX opened at $16.09 on Friday. 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’s 50-day moving average price is $16.58 and its two-hundred day moving average price is $17.63. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.98. The firm has a market cap of $49.96 billion, a P/E ratio of 14.89, a P/E/G ratio of 0.98 and a beta of 0.95.

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

América Móvil Company 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.