Raymond James Financial Services Advisors Inc. Grows Holdings in America Movil, S.A.B. de C.V. (AMX)

Raymond James Financial Services Advisors Inc. raised its stake in America Movil, S.A.B. de C.V. (NYSE:AMX) by 10.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,843 shares of the Wireless communications provider’s stock after purchasing an additional 2,711 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in America Movil, S.A.B. de C.V. were worth $459,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. State of Wisconsin Investment Board purchased a new position in America Movil, S.A.B. de C.V. in the second quarter valued at about $4,287,000. Eqis Capital Management Inc. raised its position in America Movil, S.A.B. de C.V. by 6.0% in the second quarter. Eqis Capital Management Inc. now owns 53,214 shares of the Wireless communications provider’s stock valued at $847,000 after purchasing an additional 3,011 shares during the period. Northcape Capital Pty Ltd raised its position in America Movil, S.A.B. de C.V. by 1.9% in the second quarter. Northcape Capital Pty Ltd now owns 1,991,845 shares of the Wireless communications provider’s stock valued at $31,710,000 after purchasing an additional 37,091 shares during the period. BlackRock Inc. raised its position in America Movil, S.A.B. de C.V. by 10.4% in the second quarter. BlackRock Inc. now owns 10,287,898 shares of the Wireless communications provider’s stock valued at $163,783,000 after purchasing an additional 968,660 shares during the period. Finally, Point View Wealth Management Inc. raised its position in America Movil, S.A.B. de C.V. by 0.3% in the second quarter. Point View Wealth Management Inc. now owns 106,527 shares of the Wireless communications provider’s stock valued at $1,696,000 after purchasing an additional 294 shares during the period. 7.71% of the stock is currently owned by institutional investors.

Several research analysts have commented on the company. UBS Group AG (USA) lowered America Movil, S.A.B. de C.V. from a “market perform” rating to an “underperform” rating in a research report on Wednesday, August 23rd. Deutsche Bank AG raised America Movil, S.A.B. de C.V. from a “hold” rating to a “buy” rating and raised their price objective for the company from $20.00 to $21.00 in a research report on Monday, October 16th. Morgan Stanley raised America Movil, S.A.B. de C.V. from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $16.00 to $21.00 in a research report on Thursday, August 10th. Credit Suisse Group reissued a “neutral” rating on shares of America Movil, S.A.B. de C.V. in a research report on Tuesday, July 11th. Finally, Barclays PLC reissued an “overweight” rating and issued a $20.00 price objective (up from $18.00) on shares of America Movil, S.A.B. de C.V. in a research report on Monday, August 21st. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. America Movil, S.A.B. de C.V. currently has a consensus rating of “Hold” and an average target price of $16.78.

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Shares of America Movil, S.A.B. de C.V. (NYSE:AMX) opened at $17.25 on Friday. The stock has a market capitalization of $56.58 billion, a PE ratio of 24.59, a PEG ratio of 0.21 and a beta of 0.53. The company has a quick ratio of 0.67, a current ratio of 0.75 and a debt-to-equity ratio of 2.39.

The company also recently announced a semiannual dividend, which will be paid on Monday, November 20th. Investors of record on Friday, October 27th will be issued a $0.1599 dividend. This represents a yield of 1.75%. The ex-dividend date is Thursday, October 26th. America Movil, S.A.B. de C.V.’s payout ratio is currently 24.29%.

America Movil, S.A.B. de C.V. Profile

America Movil, SAB. de C.V. is a holding company. The Company provides telecommunications services. Its services include mobile and fixed-line voice services, wireless and fixed data services, Internet access and pay television, sales of equipment, accessories and computers, as well as other related services.

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Institutional Ownership by Quarter for America Movil, S.A.B. de C.V. (NYSE:AMX)

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