Yousif Capital Management LLC Purchases 16,340 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Yousif Capital Management LLC lifted its position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 45.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,239 shares of the Wireless communications provider’s stock after purchasing an additional 16,340 shares during the quarter. Yousif Capital Management LLC’s holdings in América Móvil were worth $967,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in AMX. Invesco Ltd. lifted its holdings in América Móvil by 17.8% during the third quarter. Invesco Ltd. now owns 28,592,356 shares of the Wireless communications provider’s stock worth $495,220,000 after acquiring an additional 4,322,228 shares in the last quarter. Westwood Global Investments LLC grew its position in shares of América Móvil by 2.8% in the 3rd quarter. Westwood Global Investments LLC now owns 15,541,830 shares of the Wireless communications provider’s stock valued at $269,184,000 after purchasing an additional 424,035 shares during the period. Lazard Asset Management LLC increased its stake in América Móvil by 9.1% during the 3rd quarter. Lazard Asset Management LLC now owns 11,441,133 shares of the Wireless communications provider’s stock worth $198,159,000 after purchasing an additional 952,521 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in América Móvil by 152.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 948,193 shares of the Wireless communications provider’s stock worth $16,423,000 after buying an additional 572,752 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of América Móvil by 15.4% in the third quarter. Sei Investments Co. now owns 874,457 shares of the Wireless communications provider’s stock valued at $15,146,000 after buying an additional 117,008 shares during the period. Institutional investors own 6.30% of the company’s stock.

Analysts Set New Price Targets

AMX has been the topic of a number of research analyst reports. Jefferies Financial Group upgraded shares of América Móvil from a “hold” rating to a “buy” rating and raised their price objective for the stock from $19.16 to $22.22 in a report on Friday, February 16th. JPMorgan Chase & Co. boosted their price target on América Móvil from $15.00 to $17.50 and gave the company an “underweight” rating in a report on Monday, April 1st. The Goldman Sachs Group upgraded América Móvil from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $21.00 to $22.00 in a report on Monday, April 29th. Scotiabank upped their price target on América Móvil from $16.60 to $17.20 and gave the stock a “sector perform” rating in a research report on Thursday, April 25th. Finally, UBS Group lifted their price objective on shares of América Móvil from $21.00 to $22.80 and gave the company a “buy” rating in a report on Tuesday, January 16th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.08.

América Móvil Stock Performance

NYSE AMX opened at $19.34 on Friday. The firm has a market capitalization of $60.05 billion, a P/E ratio of 17.91, a price-to-earnings-growth ratio of 1.33 and a beta of 0.96. The company has a current ratio of 0.67, a quick ratio of 0.63 and a debt-to-equity ratio of 0.83. The firm’s fifty day moving average price is $18.73 and its two-hundred day moving average price is $18.19. América Móvil, S.A.B. de C.V. has a 1 year low of $15.99 and a 1 year high of $23.07.

América Móvil (NYSE:AMX) last issued its earnings results on Tuesday, February 13th. The Wireless communications provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. América Móvil had a net margin of 7.28% and a return on equity of 13.93%. The company had revenue of $11.45 billion for the quarter, compared to analysts’ expectations of $11.92 billion. As a group, research analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current 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 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.