Fmr LLC Buys 36,520 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

FMR LLC lifted its stake in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 125.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,590 shares of the Wireless communications provider's stock after buying an additional 36,520 shares during the period. FMR LLC's holdings in América Móvil were worth $1,073,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Rothschild Investment LLC bought a new stake in América Móvil during the 2nd quarter worth approximately $59,000. CENTRAL TRUST Co grew its position in América Móvil by 3,500.0% during the 3rd quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider's stock worth $59,000 after acquiring an additional 3,500 shares during the last quarter. Blue Trust Inc. grew its position in América Móvil by 195.9% during the 3rd quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider's stock worth $60,000 after acquiring an additional 2,322 shares during the last quarter. Allworth Financial LP grew its position in América Móvil by 46.1% during the 3rd quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider's stock worth $81,000 after acquiring an additional 1,567 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in América Móvil by 5.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,839 shares of the Wireless communications provider's stock valued at $178,000 after buying an additional 608 shares during the last quarter. 6.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AMX. The Goldman Sachs Group decreased their price objective on América Móvil from $20.80 to $17.80 and set a "buy" rating on the stock in a research report on Friday, November 15th. Scotiabank decreased their price objective on América Móvil from $17.80 to $17.30 and set a "sector perform" rating on the stock in a research report on Wednesday, October 16th. Finally, StockNews.com began coverage on América Móvil in a research report on Friday, November 22nd. They issued a "buy" rating on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $19.48.

América Móvil Trading Up 2.8 %

Shares of NYSE:AMX traded up $0.41 during midday trading on Tuesday, hitting $14.92. The company had a trading volume of 2,152,918 shares, compared to its average volume of 1,576,196. América Móvil, S.A.B. de C.V. has a 12 month low of $14.46 and a 12 month high of $20.31. 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 stock has a market cap of $45.80 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 1.32 and a beta of 0.94. The firm has a fifty day simple moving average of $15.58 and a 200 day simple moving average of $16.44.

América Móvil (NYSE:AMX - Get Free Report) last issued its quarterly earnings data on Tuesday, October 15th. The Wireless communications provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.30). The business had revenue of $11.82 billion for the quarter, compared to analyst estimates of $11.97 billion. América Móvil had a return on equity of 8.61% and a net margin of 4.45%. On average, analysts predict that América Móvil, S.A.B. de C.V. will post 0.97 EPS for the current year.

América Móvil Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were paid a $0.245 dividend. This is an increase from América Móvil's previous semi-annual dividend of $0.18. The ex-dividend date was Friday, November 8th. This represents a dividend yield of 2%. América Móvil's dividend payout ratio (DPR) is currently 34.33%.

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.