Marshall Wace LLP Takes 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) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 22,997 shares of the Wireless communications provider's stock, valued at approximately $329,000.

A number of other hedge funds have also made changes to their positions in AMX. Lee Danner & Bass Inc. bought a new stake in América Móvil during the 4th quarter worth about $29,000. Spire Wealth Management bought a new position in América Móvil in the 4th quarter worth approximately $32,000. Farther Finance Advisors LLC boosted 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 valued at $45,000 after buying an additional 1,414 shares during the last quarter. R Squared Ltd acquired a new stake in shares of América Móvil in the 4th quarter valued at $49,000. Finally, Raleigh Capital Management Inc. acquired a new position in shares of América Móvil during the fourth quarter valued at $57,000. Institutional investors and hedge funds own 6.30% of the company's stock.

Wall Street Analysts Forecast Growth

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

América Móvil Trading Up 0.8 %

AMX stock traded up $0.14 during midday trading on Friday, hitting $17.00. The stock had a trading volume of 1,320,446 shares, compared to its average volume of 1,844,236. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. The business has a fifty day moving average price of $15.15 and a two-hundred day moving average price of $14.89. América Móvil, S.A.B. de C.V. has a 1-year low of $13.10 and a 1-year high of $20.31. The firm has a market cap of $51.85 billion, a P/E ratio of 34.69, a price-to-earnings-growth ratio of 0.77 and a beta of 0.82.

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 for the quarter, missing analysts' consensus estimates of $0.32 by ($0.02). The firm 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, sell-side analysts predict 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.