Robeco Institutional Asset Management B.V. Purchases 1,050,203 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Robeco Institutional Asset Management B.V. increased its stake in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 115.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,961,191 shares of the Wireless communications provider's stock after purchasing an additional 1,050,203 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.06% of América Móvil worth $28,065,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. R Squared Ltd bought a new position in América Móvil in the 4th quarter valued at about $49,000. Blue Trust Inc. boosted its position in shares of América Móvil by 57.8% during the 4th quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider's stock worth $79,000 after acquiring an additional 2,028 shares in the last quarter. Brighton Jones LLC bought a new position in América Móvil in the fourth quarter valued at approximately $154,000. Raleigh Capital Management Inc. acquired a new position in América Móvil during the fourth quarter valued at approximately $57,000. Finally, Crossmark Global Holdings Inc. lifted its stake in América Móvil by 1.9% during the fourth quarter. Crossmark Global Holdings Inc. now owns 148,194 shares of the Wireless communications provider's stock worth $2,120,000 after purchasing an additional 2,732 shares during the last quarter. Institutional investors and hedge funds own 6.30% of the company's stock.

América Móvil Trading Up 1.2 %

NYSE:AMX traded up $0.17 during mid-day trading on Monday, hitting $14.18. 1,026,146 shares of the company's stock were exchanged, compared to its average volume of 1,555,885. The company has a 50 day simple moving average of $14.38 and a 200-day simple moving average of $15.69. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. 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 firm has a market capitalization of $43.54 billion, a P/E ratio of 21.17, a PEG ratio of 0.72 and a beta of 0.94.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their price objective on América Móvil from $17.00 to $15.00 and set an "underweight" rating on the stock in a research note on Thursday, January 16th. StockNews.com raised shares of América Móvil from a "hold" rating to a "buy" rating in a report on Tuesday, January 14th. Scotiabank dropped their price objective on shares of América Móvil from $17.80 to $17.30 and set a "sector perform" rating for the company in a research note on Wednesday, October 16th. Finally, The Goldman Sachs Group decreased their target price on shares of América Móvil from $17.80 to $17.60 and set a "buy" rating on the stock in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, América Móvil currently has an average rating of "Moderate Buy" and a consensus price target of $18.94.

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.