Oppenheimer Asset Management Inc. Purchases 3,926 Shares of America Movil, S.A.B. de C.V. (AMX)

Oppenheimer Asset Management Inc. lifted its position in shares of America Movil, S.A.B. de C.V. (NYSE:AMX) by 6.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,932 shares of the Wireless communications provider’s stock after buying an additional 3,926 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in America Movil, S.A.B. de C.V. were worth $1,002,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quantbot Technologies LP bought a new position in shares of America Movil, S.A.B. de C.V. during the 1st quarter worth $142,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of America Movil, S.A.B. de C.V. during the 1st quarter worth $143,000. Blair William & Co. IL bought a new position in shares of America Movil, S.A.B. de C.V. during the 2nd quarter worth $167,000. Girard Partners LTD. bought a new position in shares of America Movil, S.A.B. de C.V. during the 2nd quarter worth $185,000. Finally, Ronald Blue & Co. LLC grew its position in shares of America Movil, S.A.B. de C.V. by 25.7% during the 1st quarter. Ronald Blue & Co. LLC now owns 13,539 shares of the Wireless communications provider’s stock worth $191,000 after buying an additional 2,768 shares in the last quarter. 7.64% of the stock is currently owned by institutional investors and hedge funds.

AMX has been the topic of a number of recent research reports. J P Morgan Chase & Co reissued an “underweight” rating and set a $13.00 price target (up previously from $11.00) on shares of America Movil, S.A.B. de C.V. in a research report on Monday, June 5th. Zacks Investment Research downgraded America Movil, S.A.B. de C.V. from a “hold” rating to a “sell” rating in a research report on Tuesday, June 6th. Credit Suisse Group set a $16.00 price target on America Movil, S.A.B. de C.V. and gave the stock a “hold” rating in a research report on Thursday, June 8th. Barclays PLC reissued a “buy” rating and set a $18.00 price target (up previously from $17.00) on shares of America Movil, S.A.B. de C.V. in a research report on Friday, July 21st. Finally, Royal Bank Of Canada set a $14.00 price target on America Movil, S.A.B. de C.V. and gave the stock a “sell” rating in a research report on Friday, July 21st. Four analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $15.21.

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Shares of America Movil, S.A.B. de C.V. (AMX) opened at 18.33 on Monday. The company’s 50-day moving average price is $18.25 and its 200-day moving average price is $15.87. America Movil, S.A.B. de C.V. has a 12 month low of $11.02 and a 12 month high of $19.05. The company has a market cap of $60.26 billion, a P/E ratio of 23.50 and a beta of 0.54.

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