Voloridge Investment Management LLC Makes New Investment in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Voloridge Investment Management LLC purchased a new position in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 282,680 shares of the Wireless communications provider's stock, valued at approximately $4,045,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC increased its stake in shares of América Móvil by 36,692.9% during the third 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. Brighton Jones LLC purchased a new position in América Móvil in the fourth quarter worth about $154,000. Blue Trust Inc. raised its position in América Móvil by 57.8% in the fourth quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider's stock worth $79,000 after acquiring an additional 2,028 shares during the period. R Squared Ltd purchased a new position in América Móvil during the fourth quarter valued at $49,000. Finally, Robeco Institutional Asset Management B.V. increased its position in América Móvil by 115.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,961,191 shares of the Wireless communications provider's stock worth $28,065,000 after buying an additional 1,050,203 shares in the last quarter. Institutional investors own 6.30% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on AMX shares. Hsbc Global Res raised América Móvil from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. Scotiabank dropped their price target on 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. HSBC raised shares of América Móvil from a "hold" rating to a "buy" rating and raised their price objective for the stock from $15.50 to $17.50 in a research note on Monday, April 14th. UBS Group downgraded shares of América Móvil from a "buy" rating to a "neutral" rating in a research note on Wednesday, May 21st. Finally, The Goldman Sachs Group dropped their target price 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, América Móvil currently has an average rating of "Moderate Buy" and an average price target of $17.22.

América Móvil Stock Down 2.5%

NYSE:AMX traded down $0.44 during mid-day trading on Friday, hitting $16.89. 2,568,954 shares of the company's stock traded hands, compared to its average volume of 2,241,432. 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 company has a market capitalization of $51.26 billion, a P/E ratio of 34.47, a P/E/G ratio of 0.77 and a beta of 0.82. The company has a fifty day moving average of $16.05 and a 200 day moving average of $15.03. América Móvil, S.A.B. de C.V. has a twelve month low of $13.10 and a twelve month high of $19.09.

América Móvil (NYSE:AMX - Get Free Report) last posted 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). The company had revenue of $11.36 billion for the quarter, compared to analyst estimates of $11.28 billion. América Móvil had a return on equity of 6.38% and a net margin of 3.25%. On average, analysts forecast that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current 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.