MML Investors Services LLC boosted its position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX – Get Rating) by 5.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 63,438 shares of the Wireless communications provider’s stock after purchasing an additional 3,557 shares during the quarter. MML Investors Services LLC’s holdings in América Móvil were worth $1,045,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. Invesco Ltd. boosted its holdings in shares of América Móvil by 437.3% during the 1st quarter. Invesco Ltd. now owns 17,657,861 shares of the Wireless communications provider’s stock valued at $373,465,000 after acquiring an additional 14,371,448 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of América Móvil by 3.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,950,879 shares of the Wireless communications provider’s stock valued at $81,583,000 after acquiring an additional 170,729 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of América Móvil by 19.3% during the 2nd quarter. Renaissance Technologies LLC now owns 3,268,975 shares of the Wireless communications provider’s stock valued at $66,785,000 after acquiring an additional 529,500 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of América Móvil by 0.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,835,997 shares of the Wireless communications provider’s stock valued at $57,940,000 after acquiring an additional 15,300 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in shares of América Móvil by 10.7% in the 3rd quarter. Teacher Retirement System of Texas now owns 2,144,600 shares of the Wireless communications provider’s stock worth $35,322,000 after purchasing an additional 207,000 shares during the period. Hedge funds and other institutional investors own 5.55% of the company’s stock.
Analysts Set New Price Targets
AMX has been the topic of several recent research reports. JPMorgan Chase & Co. cut shares of América Móvil from a “neutral” rating to an “underweight” rating and set a $19.00 price objective on the stock. in a research note on Thursday, February 23rd. StockNews.com cut shares of América Móvil from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Finally, UBS Group cut shares of América Móvil from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $20.40 to $22.50 in a research note on Monday, November 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.70.
América Móvil Price Performance
América Móvil Profile
America Movil SAB de CV engages in the provision of telecommunications services. The firm operates through the following segments: Mexico Wireless, Mexico Fixed, Brazil, Colombia, Southern Cone (Argentina, Chile, Paraguay and Uruguay), Andean Region (Ecuador and Peru), Central America (Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama), the Caribbean (the Dominican Republic and Puerto Rico) and Europe (Austria, Belarus, Bulgaria, Croatia, Macedonia, Serbia and Slovenia).
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