Discovery Capital Management LLC CT Purchases 1,310,688 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Discovery Capital Management LLC CT raised its position in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 270.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,795,988 shares of the Wireless communications provider’s stock after buying an additional 1,310,688 shares during the quarter. América Móvil makes up approximately 4.0% of Discovery Capital Management LLC CT’s portfolio, making the stock its 9th biggest position. Discovery Capital Management LLC CT owned approximately 0.06% of América Móvil worth $30,532,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of AMX. Frank Rimerman Advisors LLC acquired a new stake in shares of América Móvil during the second quarter worth about $217,000. Profund Advisors LLC raised its stake in América Móvil by 1.7% during the 2nd quarter. Profund Advisors LLC now owns 37,515 shares of the Wireless communications provider’s stock valued at $638,000 after acquiring an additional 630 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in América Móvil by 14.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 23,378 shares of the Wireless communications provider’s stock worth $397,000 after acquiring an additional 3,016 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of América Móvil by 30.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 972,542 shares of the Wireless communications provider’s stock valued at $16,533,000 after purchasing an additional 228,856 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in shares of América Móvil by 6.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 16,707 shares of the Wireless communications provider’s stock valued at $284,000 after purchasing an additional 1,025 shares during the period. 6.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on AMX. UBS Group lowered their price objective on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a research report on Thursday, July 18th. StockNews.com raised shares of América Móvil from a “buy” rating to a “strong-buy” rating in a report on Friday, August 9th. Finally, Scotiabank dropped their price target on shares of América Móvil from $18.90 to $17.80 and set a “sector perform” rating on the stock in a research note on Friday. One analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, América Móvil currently has an average rating of “Moderate Buy” and an average target price of $21.23.

América Móvil Price Performance

América Móvil stock opened at $16.08 on Monday. The company has a market cap of $49.93 billion, a P/E ratio of 14.89, a price-to-earnings-growth ratio of 0.98 and a beta of 0.95. América Móvil, S.A.B. de C.V. has a one year low of $15.55 and a one year high of $20.31. The business has a fifty day moving average of $16.86 and a two-hundred day moving average of $17.87. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.63 and a current ratio of 0.68.

América Móvil (NYSE:AMX) last announced 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). América Móvil had a net margin of 3.98% and a return on equity of 7.73%. The company had revenue of $11.93 billion during the quarter, compared to analyst estimates of $12.37 billion. As a group, analysts predict that América Móvil, S.A.B. de C.V. will post 1.39 earnings per share for the current fiscal year.

América Móvil Profile

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.