Sava Infond d.o.o. Makes New Investment in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Sava Infond d.o.o. purchased a new stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 20,000 shares of the Wireless communications provider’s stock, valued at approximately $286,000.

Other hedge funds have also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. raised its stake in América Móvil by 115.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,961,191 shares of the Wireless communications provider’s stock worth $28,065,000 after purchasing an additional 1,050,203 shares during the period. American Century Companies Inc. increased its holdings in shares of América Móvil by 5.8% during the 4th quarter. American Century Companies Inc. now owns 1,069,640 shares of the Wireless communications provider’s stock worth $15,307,000 after buying an additional 58,934 shares during the last quarter. ABC Arbitrage SA purchased a new stake in shares of América Móvil during the 4th quarter valued at approximately $14,238,000. Rockefeller Capital Management L.P. lifted its holdings in América Móvil by 8.7% in the third quarter. Rockefeller Capital Management L.P. now owns 559,236 shares of the Wireless communications provider’s stock valued at $9,151,000 after acquiring an additional 44,631 shares during the last quarter. Finally, ABS Direct Equity Fund LLC grew its position in América Móvil by 21.4% in the third quarter. ABS Direct Equity Fund LLC now owns 413,922 shares of the Wireless communications provider’s stock worth $6,772,000 after acquiring an additional 73,022 shares during the period. Hedge funds and other institutional investors own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

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

América Móvil Stock Performance

Shares of América Móvil stock opened at $14.47 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. The stock has a market capitalization of $44.15 billion, a price-to-earnings ratio of 29.54, a price-to-earnings-growth ratio of 0.77 and a beta of 0.95. The business has a 50-day moving average of $14.40 and a 200 day moving average of $15.07. 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 posted its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.27). América Móvil had a net margin of 3.25% and a return on equity of 6.38%. As a group, 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.