Janney Montgomery Scott LLC Acquires New Stake in Amer Movil (AMX)
Janney Montgomery Scott LLC acquired a new stake in shares of Amer Movil (NYSE:AMX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 13,665 shares of the company’s stock, valued at approximately $192,000.
Other large investors also recently added to or reduced their stakes in the company. USS Investment Management Ltd increased its stake in Amer Movil by 1,411.6% in the first quarter. USS Investment Management Ltd now owns 24,759,680 shares of the company’s stock valued at $19,308,000 after buying an additional 23,121,696 shares during the last quarter. Fisher Asset Management LLC increased its stake in Amer Movil by 69.4% in the second quarter. Fisher Asset Management LLC now owns 11,405,935 shares of the company’s stock valued at $140,179,000 after buying an additional 4,673,804 shares during the last quarter. Renaissance Technologies LLC increased its stake in Amer Movil by 37.8% in the first quarter. Renaissance Technologies LLC now owns 5,533,200 shares of the company’s stock valued at $85,931,000 after buying an additional 1,518,100 shares during the last quarter. Lazard Asset Management LLC increased its stake in Amer Movil by 9.7% in the first quarter. Lazard Asset Management LLC now owns 14,132,996 shares of the company’s stock valued at $219,484,000 after buying an additional 1,249,699 shares during the last quarter. Finally, Norges Bank bought a new stake in Amer Movil during the fourth quarter valued at approximately $11,064,000. 6.99% of the stock is owned by institutional investors.
Amer Movil (NYSE:AMX) traded up 2.79% on Wednesday, reaching $11.44. The company’s stock had a trading volume of 5,187,112 shares. The firm has a 50 day moving average of $11.81 and a 200 day moving average of $13.04. The firm has a market cap of $37.57 billion, a price-to-earnings ratio of 28.60 and a beta of 1.04. Amer Movil has a 12 month low of $11.02 and a 12 month high of $18.20.
AMX has been the subject of several recent analyst reports. BTIG Research initiated coverage on Amer Movil in a report on Wednesday, June 22nd. They issued a “neutral” rating for the company. Credit Suisse Group AG reaffirmed a “hold” rating and set a $12.00 price target on shares of Amer Movil in a report on Wednesday. Finally, Barclays PLC cut their price target on Amer Movil from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Monday, July 18th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Amer Movil presently has an average rating of “Hold” and an average target price of $15.51.
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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