América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Purchased by Fmr LLC

Fmr LLC raised its stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 125.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,590 shares of the Wireless communications provider’s stock after acquiring an additional 36,520 shares during the period. Fmr LLC’s holdings in América Móvil were worth $1,073,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Rothschild Investment LLC acquired a new position in shares of América Móvil in the 2nd quarter valued at $59,000. CENTRAL TRUST Co grew its position in América Móvil by 3,500.0% during the 3rd quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider’s stock worth $59,000 after purchasing an additional 3,500 shares during the last quarter. Blue Trust Inc. increased its stake in América Móvil by 195.9% in the third quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock valued at $60,000 after purchasing an additional 2,322 shares during the period. Allworth Financial LP raised its holdings in shares of América Móvil by 46.1% in the third quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock valued at $81,000 after buying an additional 1,567 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of América Móvil by 5.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,839 shares of the Wireless communications provider’s stock worth $178,000 after buying an additional 608 shares during the period. Hedge funds and other institutional investors own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AMX shares. StockNews.com began coverage on América Móvil in a research report on Friday, November 22nd. They issued a “buy” rating on the stock. The Goldman Sachs Group cut their price target on América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a research note on Friday, November 15th. Finally, Scotiabank lowered their price objective on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.48.

América Móvil Trading Down 3.0 %

NYSE:AMX opened at $14.54 on Tuesday. América Móvil, S.A.B. de C.V. has a 1 year low of $14.51 and a 1 year high of $20.31. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. The stock has a fifty day moving average price of $15.60 and a two-hundred day moving average price of $16.47. The stock has a market capitalization of $44.62 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 1.32 and a beta of 0.94.

América Móvil (NYSE:AMX) last announced its quarterly earnings data on Tuesday, October 15th. The Wireless communications provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.30). América Móvil had a net margin of 4.45% and a return on equity of 8.61%. The company had revenue of $11.82 billion during the quarter, compared to analyst estimates of $11.97 billion. As a group, sell-side analysts anticipate that América Móvil, S.A.B. de C.V. will post 0.97 earnings per share for the current fiscal year.

América Móvil Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were given a dividend of $0.245 per share. This represents a yield of 2%. This is an increase from América Móvil’s previous semi-annual dividend of $0.18. The ex-dividend date was Friday, November 8th. América Móvil’s payout ratio is presently 34.33%.

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.