América Móvil, S.A.B. de C.V. (NYSE:AMX) Stock Holdings Increased by Blue Trust Inc.

Blue Trust Inc. grew its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 57.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,535 shares of the Wireless communications provider’s stock after acquiring an additional 2,028 shares during the quarter. Blue Trust Inc.’s holdings in América Móvil were worth $79,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Brighton Jones LLC acquired a new stake in América Móvil in the fourth quarter worth about $154,000. Raleigh Capital Management Inc. acquired a new stake in shares of América Móvil in the 4th quarter worth approximately $57,000. Crossmark Global Holdings Inc. boosted its holdings in shares of América Móvil by 1.9% in the fourth quarter. Crossmark Global Holdings Inc. now owns 148,194 shares of the Wireless communications provider’s stock valued at $2,120,000 after acquiring an additional 2,732 shares in the last quarter. Empirical Asset Management LLC acquired a new position in shares of América Móvil during the fourth quarter valued at approximately $487,000. Finally, Gateway Investment Advisers LLC raised its holdings in América Móvil by 17.3% during the fourth quarter. Gateway Investment Advisers LLC now owns 12,835 shares of the Wireless communications provider’s stock worth $184,000 after purchasing an additional 1,893 shares in the last quarter. Institutional investors own 6.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. decreased their price target on América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Scotiabank decreased their target price on América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a research note on Wednesday, October 16th. The Goldman Sachs Group dropped their price target on shares of América Móvil from $17.80 to $17.60 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Finally, StockNews.com upgraded shares of América Móvil from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. One research 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’s stock. Based on data from MarketBeat.com, América Móvil has an average rating of “Moderate Buy” and an average target price of $18.94.

América Móvil Stock Performance

Shares of NYSE AMX opened at $14.62 on Friday. The stock’s fifty day simple moving average is $14.34 and its 200 day simple moving average is $15.63. The stock has a market capitalization of $44.88 billion, a price-to-earnings ratio of 21.82, a PEG ratio of 0.72 and a beta of 0.94. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. América Móvil, S.A.B. de C.V. has a 52-week low of $13.63 and a 52-week high of $20.31.

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.