América Móvil, S.A.B. de C.V. (NYSE:AMX) Position Raised by Discovery Capital Management LLC CT

Discovery Capital Management LLC CT raised its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 270.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,795,988 shares of the Wireless communications provider's stock after purchasing an additional 1,310,688 shares during the period. América Móvil accounts for about 4.0% of Discovery Capital Management LLC CT's holdings, making the stock its 9th largest holding. Discovery Capital Management LLC CT owned about 0.06% of América Móvil worth $30,532,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AMX. Profund Advisors LLC increased its position in shares of América Móvil by 1.7% during the second quarter. Profund Advisors LLC now owns 37,515 shares of the Wireless communications provider's stock valued at $638,000 after buying an additional 630 shares during the period. Bleakley Financial Group LLC grew its holdings in shares of América Móvil by 1.5% during the 1st quarter. Bleakley Financial Group LLC now owns 58,918 shares of the Wireless communications provider's stock worth $1,099,000 after acquiring an additional 864 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of América Móvil by 6.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 16,707 shares of the Wireless communications provider's stock worth $284,000 after acquiring an additional 1,025 shares in the last quarter. Sound Income Strategies LLC lifted its stake in shares of América Móvil by 43.5% in the 1st quarter. Sound Income Strategies LLC now owns 3,466 shares of the Wireless communications provider's stock valued at $65,000 after purchasing an additional 1,051 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in shares of América Móvil by 1.2% during the first quarter. Commonwealth Equity Services LLC now owns 117,906 shares of the Wireless communications provider's stock valued at $2,200,000 after purchasing an additional 1,377 shares in the last quarter. Hedge funds and other institutional investors own 6.30% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on AMX shares. UBS Group decreased their price objective on América Móvil from $23.30 to $22.60 and set a "buy" rating for the company in a report on Thursday, July 18th. Scotiabank decreased their price target on shares of América Móvil from $18.90 to $17.80 and set a "sector perform" rating for the company in a research note on Friday. Finally, StockNews.com raised shares of América Móvil from a "buy" rating to a "strong-buy" rating in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $21.23.

América Móvil Stock Down 0.2 %

América Móvil stock traded down $0.04 during mid-day trading on Monday, reaching $16.04. The stock had a trading volume of 2,735,263 shares, compared to its average volume of 1,523,531. América Móvil, S.A.B. de C.V. has a one year low of $15.55 and a one year high of $20.31. The company has a 50-day moving average price of $16.86 and a two-hundred day moving average price of $17.87. The company has a market capitalization of $49.80 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 0.98 and a beta of 0.95. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.68 and a quick ratio of 0.63.

América Móvil (NYSE:AMX - Get Free Report) last issued its earnings results on Tuesday, July 16th. The Wireless communications provider reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.36). América Móvil had a return on equity of 7.73% and a net margin of 3.98%. The firm had revenue of $11.93 billion during the quarter, compared to analysts' expectations of $12.37 billion. On average, analysts expect that América Móvil, S.A.B. de C.V. will post 1.39 EPS for the current fiscal year.

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 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.