Marshall Wace LLP Takes $329,000 Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Marshall Wace LLP bought a new position in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,997 shares of the Wireless communications provider's stock, valued at approximately $329,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. raised its stake in shares of América Móvil by 115.3% in the 4th 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. American Century Companies Inc. raised its position in América Móvil by 5.8% in the fourth quarter. American Century Companies Inc. now owns 1,069,640 shares of the Wireless communications provider's stock worth $15,307,000 after acquiring an additional 58,934 shares in the last quarter. Wellington Management Group LLP acquired a new stake in América Móvil in the 4th quarter valued at about $15,149,000. ABC Arbitrage SA bought a new position in shares of América Móvil during the 4th quarter valued at about $14,238,000. Finally, Russell Investments Group Ltd. boosted its position in shares of América Móvil by 373.5% during the 4th quarter. Russell Investments Group Ltd. now owns 809,021 shares of the Wireless communications provider's stock valued at $11,577,000 after purchasing an additional 638,159 shares in the last quarter. 6.30% of the stock is owned by institutional investors.

América Móvil Stock Up 0.8 %

NYSE:AMX traded up $0.14 during trading hours on Friday, hitting $17.00. 2,697,830 shares of the company's stock traded hands, compared to its average volume of 1,844,991. América Móvil, S.A.B. de C.V. has a twelve month low of $13.10 and a twelve month high of $20.31. The firm has a market cap of $51.85 billion, a P/E ratio of 34.69, a P/E/G 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. The stock's fifty day moving average price is $15.20 and its two-hundred day moving average price is $14.88.

América Móvil (NYSE:AMX - Get Free Report) last posted its quarterly earnings results 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). América Móvil had a return on equity of 6.38% and a net margin of 3.25%. The company had revenue of $11.36 billion during the quarter, compared to analysts' expectations of $11.28 billion. On average, research analysts expect that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. JPMorgan Chase & Co. cut their target price on shares of América Móvil from $17.00 to $15.00 and set an "underweight" rating for the company in a research note on Thursday, January 16th. Scotiabank reduced their price objective on 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. Hsbc Global Res raised América Móvil from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. HSBC raised América Móvil from a "hold" rating to a "buy" rating and upped their target price for the company from $15.50 to $17.50 in a report on Monday, April 14th. Finally, The Goldman Sachs Group cut their price objective on América Móvil from $17.60 to $17.30 and set a "buy" rating on the stock in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $17.22.

About América Móvil

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.