Ibex Wealth Advisors Purchases Shares of 12,188 América Móvil, S.A.B. de C.V. (NYSE:AMX)

Ibex Wealth Advisors acquired a new stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) in the fourth quarter, HoldingsChannel reports. The fund acquired 12,188 shares of the Wireless communications provider’s stock, valued at approximately $174,000.

Other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC grew its holdings in América Móvil by 343.1% during the second quarter. AQR Capital Management LLC now owns 294,907 shares of the Wireless communications provider’s stock worth $5,013,000 after purchasing an additional 228,353 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of América Móvil by 79.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 16,937 shares of the Wireless communications provider’s stock worth $288,000 after acquiring an additional 7,520 shares during the period. Cetera Investment Advisers increased its holdings in shares of América Móvil by 18.6% during the 2nd quarter. Cetera Investment Advisers now owns 139,669 shares of the Wireless communications provider’s stock worth $2,374,000 after acquiring an additional 21,911 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in América Móvil in the 2nd quarter valued at $1,146,000. Finally, University of Texas Texas AM Investment Management Co. boosted its position in América Móvil by 233.8% during the second quarter. University of Texas Texas AM Investment Management Co. now owns 36,925 shares of the Wireless communications provider’s stock worth $628,000 after purchasing an additional 25,864 shares during the period. 6.30% of the stock is currently owned by institutional investors and hedge funds.

América Móvil Stock Performance

Shares of NYSE:AMX opened at $14.28 on Thursday. América Móvil, S.A.B. de C.V. has a 12-month low of $13.63 and a 12-month high of $20.31. The company’s 50 day moving average price is $14.43 and its two-hundred day moving average price is $15.77. The firm has a market cap of $43.83 billion, a PE ratio of 21.31, a PEG ratio of 0.73 and a beta of 0.93. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group dropped their price objective on shares of América Móvil from $17.80 to $17.60 and set a “buy” rating on the stock in a research report on Tuesday. StockNews.com upgraded shares of América Móvil from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. Scotiabank decreased their target price on América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. dropped their price target on América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.94.

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.