América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Purchased by Northern Trust Corp

Northern Trust Corp increased its stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 29.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,044,603 shares of the Wireless communications provider's stock after purchasing an additional 238,895 shares during the period. Northern Trust Corp's holdings in América Móvil were worth $14,948,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in AMX. Mirae Asset Global Investments Co. Ltd. increased its holdings in América Móvil by 55.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,872 shares of the Wireless communications provider's stock valued at $243,000 after buying an additional 6,033 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of América Móvil by 82.5% in the 4th quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider's stock worth $45,000 after acquiring an additional 1,414 shares during the last quarter. Blue Trust Inc. increased its stake in América Móvil by 57.8% in the 4th quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider's stock worth $79,000 after buying an additional 2,028 shares during the period. Empirical Asset Management LLC purchased a new position in América Móvil in the 4th quarter worth about $487,000. Finally, Barclays PLC raised its holdings in shares of América Móvil by 36,692.9% in the 3rd quarter. Barclays PLC now owns 150,115 shares of the Wireless communications provider's stock valued at $2,456,000 after purchasing an additional 149,707 shares in the last quarter. 6.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AMX. HSBC upgraded shares of América Móvil from a "hold" rating to a "buy" rating and boosted their price target for the company from $15.50 to $17.50 in a report on Monday, April 14th. The Goldman Sachs Group dropped their price objective on shares of América Móvil from $17.60 to $17.30 and set a "buy" rating on the stock in a report on Wednesday, February 19th. StockNews.com raised shares of América Móvil from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 15th. Hsbc Global Res raised shares of América Móvil from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. Finally, Scotiabank reduced their price objective on shares of América Móvil from $17.30 to $13.70 and set a "sector perform" rating for the company in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, América Móvil presently has a consensus rating of "Moderate Buy" and an average price target of $17.22.

América Móvil Price Performance

Shares of NYSE AMX traded up $0.05 during trading on Monday, hitting $17.32. 2,049,296 shares of the company were exchanged, compared to its average volume of 1,859,673. The company has a market cap of $52.57 billion, a price-to-earnings ratio of 35.35, a PEG ratio of 0.77 and a beta of 0.82. América Móvil, S.A.B. de C.V. has a 1 year low of $13.10 and a 1 year high of $19.84. The firm's fifty day moving average price is $15.47 and its 200 day moving average price is $14.91. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67.

América Móvil (NYSE:AMX - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). América Móvil had a return on equity of 6.38% and a net margin of 3.25%. The firm had revenue of $11.36 billion for the quarter, compared to analyst estimates of $11.28 billion. On average, sell-side analysts expect that América Móvil, S.A.B. de C.V. will post 1.51 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.