Trade Report: The Concert Wealth Management Inc. decides to keep it stake in Amer Movil (AMX) to the level of $1,329,000

The Concert Wealth Management Inc. decides to keep it stake in Amer Movil (AMX) to the level of $1,329,000

Concert Wealth Management Inc. boosted its position 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 fund 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 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. IFP Advisors Inc raised its stake in shares of Amer Movil by 3.9% in the first quarter. IFP Advisors Inc now owns 7,999 shares of the company’s stock worth $124,000 after buying an additional 303 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of Amer Movil during the second quarter worth about $185,000. CIBC World Markets Inc. raised its stake in shares of Amer Movil by 15.3% in the second quarter. CIBC World Markets Inc. now owns 15,309 shares of the company’s stock worth $188,000 after buying an additional 2,029 shares during the period. TIAA CREF Trust Co. FSB MO raised its stake 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 worth $357,000 after buying an additional 4,579 shares during the period. Finally, MSI Financial Services Inc raised its stake in shares of Amer Movil by 375.8% in the second quarter. MSI Financial Services Inc now owns 34,678 shares of the company’s stock worth $425,000 after buying an additional 27,390 shares during the period. 6.99% of the stock is currently owned by institutional investors and hedge funds.

Shares of Amer Movil (NYSE:AMX) traded up 1.04% on Friday, reaching $11.62. 1,630,433 shares of the company were exchanged. Amer Movil has a 52 week low of $11.02 and a 52 week high of $18.17. The company’s 50-day moving average is $11.68 and its 200-day moving average is $12.78. The company has a market capitalization of $38.09 billion, a price-to-earnings ratio of 30.58 and a beta of 0.99.

A number of equities research analysts have issued reports on AMX shares. Barclays PLC cut their price target on shares of Amer Movil from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Monday, July 18th. Credit Suisse Group AG reissued a “hold” rating and issued a $12.00 price target on shares of Amer Movil in a report on Wednesday, September 21st. Finally, BTIG Research started coverage on shares of Amer Movil in a report on Wednesday, June 22nd. They issued a “neutral” rating on the stock. Four investment 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. Amer Movil has an average rating of “Hold” and a consensus price target 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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