Crossmark Global Holdings Inc. Acquires 2,732 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Crossmark Global Holdings Inc. increased its holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 148,194 shares of the Wireless communications provider’s stock after purchasing an additional 2,732 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in América Móvil were worth $2,120,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. boosted its position in América Móvil by 76.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 736,107 shares of the Wireless communications provider’s stock valued at $12,043,000 after acquiring an additional 317,800 shares during the last quarter. AQR Capital Management LLC boosted its position in América Móvil by 343.1% during the second quarter. AQR Capital Management LLC now owns 294,907 shares of the Wireless communications provider’s stock valued at $5,013,000 after acquiring an additional 228,353 shares during the last quarter. International Assets Investment Management LLC boosted its position in América Móvil by 1,545.1% during the third quarter. International Assets Investment Management LLC now owns 185,702 shares of the Wireless communications provider’s stock valued at $30,380,000 after acquiring an additional 174,414 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in América Móvil by 19.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 910,988 shares of the Wireless communications provider’s stock valued at $14,904,000 after acquiring an additional 151,114 shares during the last quarter. Finally, Barclays PLC boosted its position in América Móvil by 36,692.9% during the third quarter. Barclays PLC now owns 150,115 shares of the Wireless communications provider’s stock valued at $2,456,000 after acquiring an additional 149,707 shares during the last quarter. Institutional investors own 6.30% of the company’s stock.

América Móvil Trading Down 0.2 %

AMX opened at $14.17 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. América Móvil, S.A.B. de C.V. has a fifty-two week low of $13.63 and a fifty-two week high of $20.31. The firm has a market capitalization of $43.49 billion, a PE ratio of 21.14, a P/E/G ratio of 0.71 and a beta of 0.93. The company’s 50-day moving average is $14.50 and its 200 day moving average is $15.90.

Wall Street Analyst Weigh In

A number of brokerages have commented on AMX. Scotiabank cut their price target on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a research report on Wednesday, October 16th. JPMorgan Chase & Co. dropped their price objective on shares of América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. StockNews.com upgraded shares of América Móvil from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Finally, The Goldman Sachs Group dropped their price objective on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating on the stock in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $18.98.

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 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.