Russell Investments Group Ltd. Invests $20.34 Million in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Russell Investments Group Ltd. acquired a new stake in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 1,098,326 shares of the Wireless communications provider's stock, valued at approximately $20,341,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AMX. J.P. Morgan Private Wealth Advisors LLC grew its position in América Móvil by 2.8% during the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 30,723 shares of the Wireless communications provider's stock worth $532,000 after acquiring an additional 826 shares during the last quarter. NewEdge Wealth LLC increased its stake in shares of América Móvil by 5.9% in the fourth quarter. NewEdge Wealth LLC now owns 16,900 shares of the Wireless communications provider's stock worth $313,000 after buying an additional 944 shares during the period. Allworth Financial LP raised its holdings in América Móvil by 198.8% during the 3rd quarter. Allworth Financial LP now owns 1,808 shares of the Wireless communications provider's stock valued at $31,000 after buying an additional 1,203 shares during the last quarter. CWM LLC boosted its position in América Móvil by 9.3% during the 4th quarter. CWM LLC now owns 18,784 shares of the Wireless communications provider's stock valued at $348,000 after buying an additional 1,599 shares during the period. Finally, Whittier Trust Co. grew its holdings in América Móvil by 4.0% in the 3rd quarter. Whittier Trust Co. now owns 45,187 shares of the Wireless communications provider's stock worth $782,000 after acquiring an additional 1,723 shares during the last quarter. Institutional investors own 6.30% of the company's stock.

América Móvil Stock Up 2.5 %

Shares of AMX stock traded up $0.46 during trading hours on Friday, hitting $19.34. 1,105,188 shares of the company's stock traded hands, compared to its average volume of 1,395,222. The company has a quick ratio of 0.63, a current ratio of 0.67 and a debt-to-equity ratio of 0.83. The stock's fifty day simple moving average is $18.73 and its two-hundred day simple moving average is $18.18. América Móvil, S.A.B. de C.V. has a 12-month low of $15.99 and a 12-month high of $23.07. The stock has a market cap of $60.04 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 1.34 and a beta of 0.96.

América Móvil (NYSE:AMX - Get Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The Wireless communications provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.08. América Móvil had a return on equity of 13.93% and a net margin of 7.28%. The business had revenue of $11.45 billion during the quarter, compared to analysts' expectations of $11.92 billion. On average, analysts expect that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AMX. Jefferies Financial Group upgraded América Móvil from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $19.16 to $22.22 in a research report on Friday, February 16th. UBS Group raised their target price on shares of América Móvil from $21.00 to $22.80 and gave the stock a "buy" rating in a research report on Tuesday, January 16th. The Goldman Sachs Group raised shares of América Móvil from a "neutral" rating to a "buy" rating and increased their price target for the stock from $21.00 to $22.00 in a research note on Monday. Scotiabank raised their price objective on shares of América Móvil from $16.60 to $17.20 and gave the stock a "sector perform" rating in a report on Thursday, April 25th. Finally, JPMorgan Chase & Co. upped their target price on América Móvil from $15.00 to $17.50 and gave the stock an "underweight" rating in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $22.08.

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 also 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.