Oppenheimer Asset Management Inc. Boosts Holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Oppenheimer Asset Management Inc. increased its position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 6.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,707 shares of the Wireless communications provider’s stock after buying an additional 1,025 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in América Móvil were worth $284,000 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 the business. Principal Securities Inc. purchased a new stake in América Móvil in the fourth quarter valued at $41,000. Vanguard Personalized Indexing Management LLC raised its holdings in América Móvil by 49.5% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 19,075 shares of the Wireless communications provider’s stock valued at $353,000 after buying an additional 6,313 shares during the period. Assetmark Inc. lifted its position in América Móvil by 13.4% in the fourth quarter. Assetmark Inc. now owns 171,095 shares of the Wireless communications provider’s stock valued at $3,169,000 after buying an additional 20,193 shares during the last quarter. US Bancorp DE increased its position in shares of América Móvil by 3.1% during the fourth quarter. US Bancorp DE now owns 240,546 shares of the Wireless communications provider’s stock valued at $4,455,000 after acquiring an additional 7,133 shares during the last quarter. Finally, Capital International Investors raised its stake in shares of América Móvil by 9.9% in the 4th quarter. Capital International Investors now owns 62,598,018 shares of the Wireless communications provider’s stock valued at $1,158,783,000 after acquiring an additional 5,627,860 shares during the period. 6.30% of the stock is currently owned by institutional investors and hedge funds.

América Móvil Trading Down 4.0 %

NYSE:AMX opened at $16.08 on Friday. América Móvil, S.A.B. de C.V. has a 12-month low of $15.55 and a 12-month high of $20.31. The firm has a market cap of $49.93 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 0.98 and a beta of 0.95. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.98. The stock has a fifty day moving average price of $16.86 and a 200 day moving average price of $17.88.

América Móvil (NYSE:AMX) last announced its quarterly earnings data on Tuesday, July 16th. The Wireless communications provider reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.36). América Móvil had a net margin of 3.98% and a return on equity of 7.73%. The company had revenue of $11.93 billion during the quarter, compared to analysts’ expectations of $12.37 billion. Sell-side analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on AMX. Scotiabank dropped their target price on shares of América Móvil from $18.90 to $17.80 and set a “sector perform” rating for the company in a report on Friday. UBS Group cut their price objective on América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a report on Thursday, July 18th. Finally, StockNews.com upgraded América Móvil from a “buy” rating to a “strong-buy” rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.23.

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.