Raymond James & Associates grew its stake in shares of Am�rica M�vil (NYSE:AMX) by 29.4% during the 4th quarter, Holdings Channel reports. The firm owned 94,461 shares of the Wireless communications provider’s stock after buying an additional 21,477 shares during the period. Raymond James & Associates’ holdings in Am�rica M�vil were worth $1,620,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the business. Creative Planning boosted its stake in shares of Am�rica M�vil by 5.4% during the 4th quarter. Creative Planning now owns 63,956 shares of the Wireless communications provider’s stock worth $1,097,000 after acquiring an additional 3,301 shares during the period. Stifel Financial Corp boosted its stake in shares of Am�rica M�vil by 10.6% during the 3rd quarter. Stifel Financial Corp now owns 39,447 shares of the Wireless communications provider’s stock worth $704,000 after acquiring an additional 3,780 shares during the period. Icon Wealth Partners LLC bought a new position in shares of Am�rica M�vil during the 4th quarter worth approximately $105,000. James Hambro & Partners bought a new position in shares of Am�rica M�vil during the 4th quarter worth approximately $128,000. Finally, Exane Derivatives boosted its stake in shares of Am�rica M�vil by 41.9% during the 4th quarter. Exane Derivatives now owns 27,048 shares of the Wireless communications provider’s stock worth $464,000 after acquiring an additional 7,987 shares during the period. 7.70% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently commented on AMX. Zacks Investment Research upgraded Am�rica M�vil from a “sell” rating to a “hold” rating in a research note on Monday, March 12th. Goldman Sachs began coverage on Am�rica M�vil in a research note on Tuesday, April 3rd. They set a “buy” rating and a $25.00 target price for the company. JPMorgan Chase upgraded Am�rica M�vil from an “underweight” rating to a “neutral” rating in a research note on Thursday, February 15th. Credit Suisse Group set a $21.00 target price on Am�rica M�vil and gave the stock a “buy” rating in a research note on Tuesday, March 6th. Finally, Barclays reiterated a “buy” rating and set a $21.00 target price on shares of Am�rica M�vil in a research note on Friday, January 19th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $19.67.
Am�rica M�vil (NYSE:AMX) last released its quarterly earnings results on Tuesday, February 13th. The Wireless communications provider reported ($0.16) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.30). The firm had revenue of $13.92 billion during the quarter, compared to the consensus estimate of $14.28 billion. Am�rica M�vil had a net margin of 2.68% and a return on equity of 16.30%. research analysts expect that Am�rica M�vil will post 0.97 EPS for the current fiscal year.
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Am�rica M�vil Company Profile
América Móvil, SAB. de C.V. provides telecommunications services in Mexico 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 Internet access, messaging, and other wireless entertainment and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and data center, data administration, and hosting services to residential and corporate clients, as well as residential broadband services.
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