1,058,618 Shares in América Móvil, S.A.B. de C.V. (NYSE:AMX) Purchased by Wellington Management Group LLP

Wellington Management Group LLP acquired a new stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 1,058,618 shares of the Wireless communications provider's stock, valued at approximately $15,149,000.

Several other large investors have also bought and sold shares of AMX. Barclays PLC boosted its position 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 worth $2,456,000 after purchasing an additional 149,707 shares in the last quarter. Brighton Jones LLC bought a new stake in shares of América Móvil in the 4th quarter worth approximately $154,000. Blue Trust Inc. boosted its position in shares of 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 purchasing an additional 2,028 shares in the last quarter. R Squared Ltd bought a new stake in shares of América Móvil in the 4th quarter worth approximately $49,000. Finally, Austin Private Wealth LLC bought a new stake in shares of América Móvil in the 4th quarter worth approximately $146,000. 6.30% of the stock is owned by institutional investors.

América Móvil Stock Performance

Shares of AMX stock traded up $0.10 during mid-day trading on Thursday, reaching $16.90. 364,712 shares of the company's stock traded hands, compared to its average volume of 1,910,025. América Móvil, S.A.B. de C.V. has a 12 month low of $13.10 and a 12 month high of $18.73. The firm has a 50 day moving average price of $16.25 and a two-hundred day moving average price of $15.08. 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 firm has a market capitalization of $51.28 billion, a PE ratio of 34.54, a price-to-earnings-growth ratio of 0.77 and a beta of 0.82.

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

Analyst Ratings Changes

A number of brokerages have recently commented on AMX. Hsbc Global Res raised América Móvil from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. HSBC upgraded shares of América Móvil from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $15.50 to $17.50 in a report on Monday, April 14th. The Goldman Sachs Group decreased their price objective on shares of América Móvil from $17.60 to $17.30 and set a "buy" rating for the company in a report on Wednesday, February 19th. Scotiabank decreased 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 report on Thursday, February 13th. Finally, UBS Group lowered shares of América Móvil from a "buy" rating to a "neutral" rating in a report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $17.22.

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.