University of Texas Texas AM Investment Management Co. Boosts Stock Holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX)

University of Texas Texas AM Investment Management Co. boosted its stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 233.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 36,925 shares of the Wireless communications provider’s stock after buying an additional 25,864 shares during the quarter. University of Texas Texas AM Investment Management Co.’s holdings in América Móvil were worth $628,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AMX. Capital International Investors boosted its stake in shares of América Móvil by 4.4% during the first quarter. Capital International Investors now owns 65,339,145 shares of the Wireless communications provider’s stock valued at $1,219,228,000 after purchasing an additional 2,741,127 shares during the period. Lazard Asset Management LLC raised its holdings in América Móvil by 9.9% during the 1st quarter. Lazard Asset Management LLC now owns 12,528,301 shares of the Wireless communications provider’s stock valued at $233,777,000 after buying an additional 1,128,671 shares during the last quarter. Schroder Investment Management Group raised its holdings in América Móvil by 178.8% during the 4th quarter. Schroder Investment Management Group now owns 9,821,322 shares of the Wireless communications provider’s stock valued at $181,891,000 after buying an additional 6,298,239 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of América Móvil by 3.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 8,528,360 shares of the Wireless communications provider’s stock valued at $159,139,000 after acquiring an additional 245,113 shares during the period. Finally, Capital International Inc. CA raised its stake in shares of América Móvil by 9.5% during the first quarter. Capital International Inc. CA now owns 2,986,890 shares of the Wireless communications provider’s stock valued at $55,735,000 after acquiring an additional 258,203 shares during the last quarter. 6.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. StockNews.com assumed coverage on América Móvil in a research note on Wednesday. They issued a “strong-buy” rating on the stock. UBS Group dropped their price target on América Móvil from $23.30 to $22.60 and set a “buy” rating for the company in a research note on Thursday, July 18th. Finally, Scotiabank reduced their price objective on shares of América Móvil from $18.90 to $17.80 and set a “sector perform” rating on the stock in a research report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.23.

América Móvil Trading Down 0.9 %

NYSE AMX opened at $16.22 on Wednesday. América Móvil, S.A.B. de C.V. has a twelve month low of $15.55 and a twelve month high of $20.31. The firm has a market capitalization of $50.36 billion, a PE ratio of 15.02, a P/E/G ratio of 0.98 and a beta of 0.95. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.98. The stock’s 50 day moving average is $16.65 and its 200 day moving average is $17.73.

América Móvil (NYSE:AMX) last issued its quarterly earnings results 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 return on equity of 7.73% and a net margin of 3.98%. The business had revenue of $11.93 billion during the quarter, compared to the consensus estimate of $12.37 billion. Research analysts forecast that América Móvil, S.A.B. de C.V. will post 1.39 earnings per share for the current fiscal 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 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.