Total Clarity Wealth Management Inc. Takes Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Total Clarity Wealth Management Inc. bought a new stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,416 shares of the Wireless communications provider’s stock, valued at approximately $250,000.

Several other hedge funds have also recently made changes to their positions in AMX. Victory Capital Management Inc. bought a new position in América Móvil during the first quarter worth about $15,326,000. Bienville Capital Management LLC purchased a new stake in shares of América Móvil in the fourth quarter worth about $4,943,000. Prince Street Capital Management LLC purchased a new stake in shares of América Móvil in the fourth quarter worth about $3,954,000. Wells Fargo & Company MN lifted its holdings in shares of América Móvil by 2.6% in the fourth quarter. Wells Fargo & Company MN now owns 9,267,732 shares of the Wireless communications provider’s stock worth $134,753,000 after buying an additional 234,530 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of América Móvil by 129.2% in the third quarter. Sei Investments Co. now owns 285,007 shares of the Wireless communications provider’s stock worth $3,560,000 after buying an additional 160,685 shares in the last quarter. Institutional investors own 7.38% of the company’s stock.

AMX stock opened at $14.80 on Monday. The company has a market capitalization of $48.45 billion, a PE ratio of 37.00, a price-to-earnings-growth ratio of 0.63 and a beta of 0.72. América Móvil, S.A.B. de C.V. has a one year low of $11.59 and a one year high of $15.24. The company’s 50 day moving average price is $14.19 and its two-hundred day moving average price is $13.93. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.75 and a current ratio of 0.81.

América Móvil (NYSE:AMX) last issued its earnings results on Tuesday, April 27th. The Wireless communications provider reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.30). América Móvil had a return on equity of 12.08% and a net margin of 2.73%. The firm had revenue of $12.20 billion during the quarter, compared to the consensus estimate of $12.45 billion. On average, research analysts predict that América Móvil, S.A.B. de C.V. will post 0.6 EPS for the current year.

A number of equities research analysts have recently issued reports on AMX shares. UBS Group began coverage on shares of América Móvil in a report on Tuesday, January 26th. They issued a “neutral” rating on the stock. Zacks Investment Research downgraded shares of América Móvil from a “hold” rating to a “sell” rating and set a $14.00 target price on the stock. in a research note on Tuesday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $12.43.

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.

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Institutional Ownership by Quarter for América Móvil (NYSE:AMX)

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