AIA Group Ltd Has $2.14 Million Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

AIA Group Ltd raised its position in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 40.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 115,594 shares of the Wireless communications provider’s stock after acquiring an additional 33,564 shares during the quarter. AIA Group Ltd’s holdings in América Móvil were worth $2,141,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AMX. Invesco Ltd. lifted its stake in América Móvil by 437.3% in the first quarter. Invesco Ltd. now owns 17,657,861 shares of the Wireless communications provider’s stock valued at $373,465,000 after acquiring an additional 14,371,448 shares during the last quarter. Moneta Group Investment Advisors LLC raised its position in shares of América Móvil by 83,299.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 11,190,495 shares of the Wireless communications provider’s stock valued at $203,667,000 after purchasing an additional 11,177,077 shares during the period. Lazard Asset Management LLC raised its position in shares of América Móvil by 9.1% in the third quarter. Lazard Asset Management LLC now owns 11,441,133 shares of the Wireless communications provider’s stock valued at $198,159,000 after purchasing an additional 952,521 shares during the period. Norges Bank bought a new position in shares of América Móvil in the fourth quarter valued at about $10,920,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of América Móvil by 152.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 948,193 shares of the Wireless communications provider’s stock valued at $16,423,000 after purchasing an additional 572,752 shares during the period. Institutional investors and hedge funds own 6.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of América Móvil from $19.50 to $21.00 and gave the company a “neutral” rating in a research report on Monday, February 26th. StockNews.com raised shares of América Móvil from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. raised their price target on shares of América Móvil from $15.00 to $17.50 and gave the stock an “underweight” rating in a research report on Monday, April 1st. UBS Group raised their price target on shares of América Móvil from $21.00 to $22.80 and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Finally, Jefferies Financial Group raised shares of América Móvil from a “hold” rating to a “buy” rating and raised their price target for the stock from $19.16 to $22.22 in a research report on Friday, February 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, América Móvil currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.57.

América Móvil Stock Down 1.6 %

NYSE:AMX opened at $17.75 on Friday. The firm’s 50 day simple moving average is $18.57 and its 200 day simple moving average is $18.04. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.67 and a quick ratio of 0.63. América Móvil, S.A.B. de C.V. has a one year low of $15.99 and a one year high of $23.07. The company has a market cap of $55.47 billion, a PE ratio of 13.25, a P/E/G ratio of 1.22 and a beta of 0.98.

América Móvil (NYSE:AMX) last issued its quarterly earnings results on Tuesday, February 13th. The Wireless communications provider reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.08. The firm had revenue of $11.45 billion for the quarter, compared to the consensus estimate of $11.92 billion. América Móvil had a net margin of 9.18% and a return on equity of 18.02%. On average, research analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.56 earnings per share for the current year.

About América Móvil

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 also 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.