ABC Arbitrage SA Buys Shares of 994,980 América Móvil, S.A.B. de C.V. (NYSE:AMX)

ABC Arbitrage SA purchased a new position in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 994,980 shares of the Wireless communications provider's stock, valued at approximately $14,238,000. América Móvil makes up approximately 2.0% of ABC Arbitrage SA's portfolio, making the stock its 13th biggest holding.

Several other hedge funds have also recently bought and sold shares of AMX. FMR LLC boosted its position in América Móvil by 125.6% during the 3rd quarter. FMR LLC now owns 65,590 shares of the Wireless communications provider's stock worth $1,073,000 after acquiring an additional 36,520 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in América Móvil by 55.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,872 shares of the Wireless communications provider's stock worth $243,000 after purchasing an additional 6,033 shares during the period. ABS Direct Equity Fund LLC increased its holdings in shares of América Móvil by 21.4% in the third quarter. ABS Direct Equity Fund LLC now owns 413,922 shares of the Wireless communications provider's stock valued at $6,772,000 after purchasing an additional 73,022 shares during the last quarter. Blue Trust Inc. raised its position in shares of América Móvil by 57.8% in the fourth quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider's stock valued at $79,000 after purchasing an additional 2,028 shares during the period. Finally, Empirical Asset Management LLC acquired a new stake in shares of América Móvil during the 4th quarter worth about $487,000. 6.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Scotiabank cut 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 research report on Thursday, February 13th. StockNews.com raised América Móvil from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. decreased their price objective on América Móvil from $17.00 to $15.00 and set an "underweight" rating on the stock in a report on Thursday, January 16th. Finally, The Goldman Sachs Group lowered their price objective on América Móvil from $17.60 to $17.30 and set a "buy" rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.15.

América Móvil Price Performance

Shares of NYSE AMX traded down $0.63 during midday trading on Wednesday, reaching $14.56. The company's stock had a trading volume of 1,920,826 shares, compared to its average volume of 1,671,688. The company has a market cap of $44.68 billion, a P/E ratio of 29.70, a P/E/G ratio of 0.75 and a beta of 0.93. América Móvil, S.A.B. de C.V. has a fifty-two week low of $13.63 and a fifty-two week high of $20.31. 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 business's 50 day moving average price is $14.33 and its two-hundred day moving average price is $15.50.

América Móvil (NYSE:AMX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.27). América Móvil had a return on equity of 6.38% and a net margin of 3.25%. On average, analysts forecast that América Móvil, S.A.B. de C.V. will post 1.6 EPS for the current fiscal year.

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.