Lee Danner & Bass Inc. Takes $29,000 Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Lee Danner & Bass Inc. bought a new stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,000 shares of the Wireless communications provider’s stock, valued at approximately $29,000.

Other institutional investors have also recently made changes to their positions in the company. Spire Wealth Management acquired a new stake in América Móvil in the 4th quarter valued at $32,000. Farther Finance Advisors LLC grew its stake in América Móvil by 82.5% in the 4th 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 period. R Squared Ltd acquired a new stake in América Móvil in the 4th quarter valued at $49,000. Raleigh Capital Management Inc. acquired a new stake in América Móvil during the 4th quarter worth $57,000. Finally, Blue Trust Inc. boosted its stake in América Móvil by 57.8% during the 4th quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider’s stock worth $79,000 after purchasing an additional 2,028 shares during the last quarter. 6.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group lowered their target price on shares of América Móvil from $17.60 to $17.30 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. StockNews.com upgraded América Móvil from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 15th. Scotiabank reduced their price target on América Móvil from $17.30 to $13.70 and set a “sector perform” rating on the stock in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. reduced their price target on América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, América Móvil has a consensus rating of “Moderate Buy” and a consensus price target of $17.15.

América Móvil Stock Down 0.6 %

Shares of AMX opened at $14.09 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. The firm has a market cap of $42.96 billion, a P/E ratio of 28.74, a price-to-earnings-growth ratio of 0.77 and a beta of 0.95. The company’s 50-day moving average price is $14.37 and its 200 day moving average price is $15.11. América Móvil, S.A.B. de C.V. has a 12-month low of $13.63 and a 12-month high of $20.31.

América Móvil (NYSE:AMX) last issued its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.27). América Móvil had a return on equity of 6.38% and a net margin of 3.25%. On average, sell-side analysts forecast that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current year.

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.