Concert Wealth Management Inc. boosted its stake in Amer Movil (NYSE:AMX) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,364 shares of the company’s stock after buying an additional 838 shares during the period. Concert Wealth Management Inc.’s holdings in Amer Movil were worth $1,329,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. NN Investment Partners Holdings N.V. purchased a new position in shares of Amer Movil during the first quarter valued at about $432,000. Fox Run Management L.L.C. purchased a new position in shares of Amer Movil during the second quarter valued at about $185,000. TIAA CREF Trust Co. FSB MO raised its position in shares of Amer Movil by 18.7% in the second quarter. TIAA CREF Trust Co. FSB MO now owns 29,118 shares of the company’s stock valued at $357,000 after buying an additional 4,579 shares during the last quarter. Comgest Global Investors S.A.S. raised its position in shares of Amer Movil by 11.0% in the second quarter. Comgest Global Investors S.A.S. now owns 1,502,026 shares of the company’s stock valued at $18,415,000 after buying an additional 148,400 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Amer Movil by 14.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 55,350 shares of the company’s stock valued at $859,000 after buying an additional 7,052 shares during the last quarter. 6.86% of the stock is currently owned by institutional investors.
Amer Movil (NYSE:AMX) traded up 0.76% during midday trading on Wednesday, hitting $12.00. 1,594,140 shares of the stock were exchanged. The firm’s 50-day moving average is $11.65 and its 200 day moving average is $12.56. Amer Movil has a 52 week low of $11.02 and a 52 week high of $17.95. The stock has a market cap of $39.34 billion, a price-to-earnings ratio of 30.00 and a beta of 0.99.
AMX has been the topic of a number of research reports. BTIG Research initiated coverage on Amer Movil in a report on Wednesday, June 22nd. They set a “neutral” rating on the stock. Barclays PLC lowered their price target on Amer Movil from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Monday, July 18th. Finally, Credit Suisse Group AG reissued a “hold” rating and set a $12.00 price target on shares of Amer Movil in a report on Wednesday, September 21st. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $14.53.
About Amer Movil
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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