341,000 Shares in América Móvil, S.A.B. de C.V. (NYSE:AMX) Bought by ABS Direct Equity Fund LLC

ABS Direct Equity Fund LLC acquired a new position 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 firm acquired 341,000 shares of the Wireless communications provider's stock, valued at approximately $6,315,000. América Móvil accounts for 5.9% of ABS Direct Equity Fund LLC's investment portfolio, making the stock its 4th largest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its position in América Móvil by 17.8% in the 3rd quarter. Invesco Ltd. now owns 28,592,356 shares of the Wireless communications provider's stock worth $495,220,000 after buying an additional 4,322,228 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in América Móvil in the 4th quarter worth approximately $20,341,000. Lazard Asset Management LLC lifted its position in América Móvil by 9.1% in the 3rd quarter. Lazard Asset Management LLC now owns 11,441,133 shares of the Wireless communications provider's stock worth $198,159,000 after buying an additional 952,521 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in América Móvil by 152.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 948,193 shares of the Wireless communications provider's stock worth $16,423,000 after buying an additional 572,752 shares in the last quarter. Finally, Westwood Global Investments LLC lifted its position in América Móvil by 2.8% in the 3rd quarter. Westwood Global Investments LLC now owns 15,541,830 shares of the Wireless communications provider's stock worth $269,184,000 after buying an additional 424,035 shares in the last quarter. Institutional investors and hedge funds own 6.30% of the company's stock.

América Móvil Stock Performance

Shares of NYSE:AMX traded up $0.47 on Friday, hitting $19.34. 1,105,188 shares of the company were exchanged, compared to its average volume of 1,244,333. The company's 50 day moving average price is $18.73 and its two-hundred day moving average price is $18.21. América Móvil, S.A.B. de C.V. has a one year low of $15.99 and a one year high of $23.07. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.63 and a current ratio of 0.67. The firm has a market capitalization of $60.05 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 1.36 and a beta of 0.96.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Scotiabank lifted their price objective on shares of América Móvil from $16.60 to $17.20 and gave the company a "sector perform" rating in a research note on Thursday, April 25th. Jefferies Financial Group raised shares of América Móvil from a "hold" rating to a "buy" rating and lifted their price objective for the company from $19.16 to $22.22 in a research note on Friday, February 16th. StockNews.com raised shares of América Móvil from a "hold" rating to a "buy" rating in a research note on Thursday, February 15th. UBS Group lifted their price objective on shares of América Móvil from $21.00 to $22.80 and gave the company a "buy" rating in a research note on Tuesday, January 16th. Finally, The Goldman Sachs Group raised shares of América Móvil from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $21.00 to $22.00 in a research report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $22.08.

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 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.