AQR Capital Management LLC Raises Stake in América Móvil, S.A.B. de C.V. (NYSE:AMX)

AQR Capital Management LLC raised its stake in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 23.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 378,649 shares of the Wireless communications provider's stock after buying an additional 72,826 shares during the quarter. AQR Capital Management LLC's holdings in América Móvil were worth $5,418,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in AMX. Transce3nd LLC acquired a new stake in shares of América Móvil during the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. acquired a new position in América Móvil during the fourth quarter valued at approximately $29,000. Spire Wealth Management acquired a new position in América Móvil during the 4th quarter worth $32,000. Farther Finance Advisors LLC increased its position in 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 buying an additional 1,414 shares during the period. Finally, R Squared Ltd acquired a new position in shares of América Móvil during the fourth quarter valued at about $49,000. Institutional investors own 6.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Scotiabank cut their target price on shares of América Móvil from $17.30 to $13.70 and set a "sector perform" rating for the company in a research note on Thursday, February 13th. StockNews.com raised shares of América Móvil from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 15th. HSBC upgraded América Móvil from a "hold" rating to a "buy" rating and lifted their price target for the stock from $15.50 to $17.50 in a report on Monday, April 14th. The Goldman Sachs Group decreased their target price on América Móvil from $17.60 to $17.30 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Finally, Hsbc Global Res upgraded América Móvil from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, América Móvil has a consensus rating of "Moderate Buy" and an average target price of $17.22.

América Móvil Stock Up 0.8 %

Shares of AMX stock traded up $0.14 during mid-day trading on Friday, hitting $17.00. The company's stock had a trading volume of 2,697,830 shares, compared to its average volume of 1,844,991. The business has a 50-day moving average price of $15.20 and a 200 day moving average price of $14.88. América Móvil, S.A.B. de C.V. has a 52-week low of $13.10 and a 52-week high of $20.31. The stock has a market cap of $51.85 billion, a price-to-earnings ratio of 34.69, a PEG ratio of 0.77 and a beta of 0.82. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72.

América Móvil (NYSE:AMX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The Wireless communications provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). América Móvil had a net margin of 3.25% and a return on equity of 6.38%. The business had revenue of $11.36 billion during the quarter, compared to analysts' expectations of $11.28 billion. Research analysts predict that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current fiscal year.

América Móvil Company 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.