Profund Advisors LLC Increases Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Profund Advisors LLC increased its position in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 1.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,515 shares of the Wireless communications provider’s stock after acquiring an additional 630 shares during the period. Profund Advisors LLC’s holdings in América Móvil were worth $638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Schroder Investment Management Group lifted its holdings in shares of América Móvil by 178.8% during the fourth quarter. Schroder Investment Management Group now owns 9,821,322 shares of the Wireless communications provider’s stock worth $181,891,000 after purchasing an additional 6,298,239 shares during the period. Capital International Investors raised its position in América Móvil by 9.9% during the 4th quarter. Capital International Investors now owns 62,598,018 shares of the Wireless communications provider’s stock worth $1,158,783,000 after buying an additional 5,627,860 shares during the last quarter. Oaktree Capital Management LP acquired a new stake in América Móvil during the 4th quarter valued at approximately $42,575,000. Lazard Asset Management LLC boosted its holdings in shares of América Móvil by 9.9% in the 1st quarter. Lazard Asset Management LLC now owns 12,528,301 shares of the Wireless communications provider’s stock valued at $233,777,000 after acquiring an additional 1,128,671 shares during the last quarter. Finally, Capital International Inc. CA increased its stake in shares of América Móvil by 9.5% in the first quarter. Capital International Inc. CA now owns 2,986,890 shares of the Wireless communications provider’s stock worth $55,735,000 after acquiring an additional 258,203 shares during the period. Hedge funds and other institutional investors own 6.30% of the company’s stock.

Analyst Ratings Changes

AMX has been the subject of a number of research reports. UBS Group decreased their target price on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating for the company in a research report on Thursday, July 18th. StockNews.com started coverage on América Móvil in a research note on Tuesday. They issued a “strong-buy” rating on the stock. Finally, Scotiabank reduced their price target on América Móvil from $18.90 to $17.80 and set a “sector perform” rating for the company in a research report on Friday, September 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $21.23.

América Móvil Price Performance

NYSE:AMX opened at $16.33 on Wednesday. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.98. América Móvil, S.A.B. de C.V. has a 52 week low of $15.55 and a 52 week high of $20.31. The stock’s 50-day moving average price is $16.78 and its 200-day moving average price is $17.83. The stock has a market capitalization of $50.70 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 0.98 and a beta of 0.95.

América Móvil (NYSE:AMX) last issued its quarterly earnings data on Tuesday, July 16th. The Wireless communications provider reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.34 by ($0.36). The business had revenue of $11.93 billion during the quarter, compared to analyst estimates of $12.37 billion. América Móvil had a net margin of 3.98% and a return on equity of 7.73%. As a group, equities analysts expect that América Móvil, S.A.B. de C.V. will post 1.39 EPS for the current fiscal year.

About América Móvil

América Móvil, SAB. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It provides data services, such as data centers, data administration, and hosting services to residential and corporate clients; value-added services, including Internet access, messaging and other wireless entertainment, and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and wireless security services, mobile payment solutions, machine-to-machine services, mobile banking, virtual private network services, and video calls and personal communications services.