América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Bought by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC boosted its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMXGet Rating) by 13.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,614 shares of the Wireless communications provider’s stock after purchasing an additional 1,753 shares during the period. Checchi Capital Advisers LLC’s holdings in América Móvil were worth $277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. J.W. Cole Advisors Inc. acquired a new position in América Móvil during the first quarter valued at $25,000. Godsey & Gibb Associates acquired a new position in shares of América Móvil in the second quarter worth about $31,000. Total Clarity Wealth Management Inc. acquired a new position in shares of América Móvil in the second quarter worth about $45,000. Centerpoint Advisors LLC acquired a new position in shares of América Móvil in the second quarter worth about $49,000. Finally, BNP Paribas Arbitrage SA raised its position in shares of América Móvil by 128.1% in the first quarter. BNP Paribas Arbitrage SA now owns 2,502 shares of the Wireless communications provider’s stock worth $53,000 after acquiring an additional 1,405 shares during the period. 5.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. StockNews.com upgraded shares of América Móvil from a “buy” rating to a “strong-buy” rating in a research report on Monday. UBS Group upgraded shares of América Móvil from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $20.50 to $20.40 in a research report on Monday, September 19th. Piper Sandler upgraded shares of América Móvil from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 20th. Citigroup upgraded shares of América Móvil from a “neutral” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Thursday, August 4th. Finally, The Goldman Sachs Group cut their target price on shares of América Móvil from $28.00 to $24.00 and set a “buy” rating for the company in a research note on Wednesday, October 26th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $21.68.

América Móvil Stock Down 0.2 %

AMX stock opened at $20.44 on Thursday. The stock has a market capitalization of $65.00 billion, a P/E ratio of 6.88, a P/E/G ratio of 1.89 and a beta of 0.85. The firm has a 50-day simple moving average of $18.01 and a 200-day simple moving average of $18.86. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 0.88. América Móvil, S.A.B. de C.V. has a 52 week low of $16.13 and a 52 week high of $22.65.

América Móvil Company Profile

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América Móvil, SAB. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including 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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