Russell Investments Group Ltd. Grows Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Russell Investments Group Ltd. grew its position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 373.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 809,021 shares of the Wireless communications provider's stock after buying an additional 638,159 shares during the quarter. Russell Investments Group Ltd.'s holdings in América Móvil were worth $11,577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Lee Danner & Bass Inc. bought a new position in América Móvil in the fourth quarter valued at about $29,000. Spire Wealth Management bought a new position in shares of América Móvil in the 4th quarter worth approximately $32,000. Farther Finance Advisors LLC boosted its holdings in shares of América Móvil by 82.5% in the fourth quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider's stock worth $45,000 after buying an additional 1,414 shares during the last quarter. R Squared Ltd bought a new stake in América Móvil during the fourth quarter valued at approximately $49,000. Finally, Raleigh Capital Management Inc. purchased a new stake in América Móvil during the fourth quarter valued at approximately $57,000. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AMX. Hsbc Global Res raised shares of América Móvil from a "hold" rating to a "strong-buy" rating in a research report on Monday. JPMorgan Chase & Co. reduced their price target on América Móvil from $17.00 to $15.00 and set an "underweight" rating for the company in a research report on Thursday, January 16th. StockNews.com raised América Móvil from a "buy" rating to a "strong-buy" rating in a research note on Saturday, March 15th. The Goldman Sachs Group reduced their target price on shares of América Móvil from $17.60 to $17.30 and set a "buy" rating for the company in a report on Wednesday, February 19th. Finally, Scotiabank decreased their target price on shares of América Móvil from $17.30 to $13.70 and set a "sector perform" rating on the stock in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, América Móvil currently has a consensus rating of "Moderate Buy" and an average price target of $17.22.

América Móvil Price Performance

NYSE AMX traded up $0.22 during trading hours on Wednesday, reaching $15.42. The company's stock had a trading volume of 667,939 shares, compared to its average volume of 1,956,154. América Móvil, S.A.B. de C.V. has a 1 year low of $13.10 and a 1 year high of $20.31. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $47.02 billion, a price-to-earnings ratio of 31.48, a PEG ratio of 0.77 and a beta of 0.79. The firm's 50-day moving average price is $14.43 and its 200-day moving average price is $14.84.

América Móvil (NYSE:AMX - Get Free Report) last released its earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 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, equities research analysts predict that América Móvil, S.A.B. de C.V. will post 1.51 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.