Teachers Retirement System of The State of Kentucky Grows Stock Holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Teachers Retirement System of The State of Kentucky grew its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 7.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 505,660 shares of the Wireless communications provider's stock after acquiring an additional 33,760 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in América Móvil were worth $7,236,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of AMX. Transce3nd LLC purchased a new stake in shares of América Móvil during the 4th quarter valued at $26,000. First Trust Advisors LP raised its position in América Móvil by 1.7% during the fourth quarter. First Trust Advisors LP now owns 2,999,200 shares of the Wireless communications provider's stock valued at $42,919,000 after purchasing an additional 48,849 shares in the last quarter. Capital International Ltd. CA lifted its stake in América Móvil by 1.6% during the fourth quarter. Capital International Ltd. CA now owns 656,541 shares of the Wireless communications provider's stock worth $9,395,000 after purchasing an additional 10,612 shares during the last quarter. Capital Group Investment Management PTE. LTD. boosted its holdings in shares of América Móvil by 1.8% in the 4th quarter. Capital Group Investment Management PTE. LTD. now owns 135,929 shares of the Wireless communications provider's stock worth $1,945,000 after purchasing an additional 2,343 shares in the last quarter. Finally, Capital International Sarl boosted its holdings in shares of América Móvil by 2.4% in the 4th quarter. Capital International Sarl now owns 1,207,240 shares of the Wireless communications provider's stock worth $17,276,000 after purchasing an additional 28,676 shares in the last quarter. Hedge funds and other institutional investors own 6.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AMX shares. StockNews.com raised América Móvil from a "buy" rating to a "strong-buy" rating in a research note on Saturday, March 15th. 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 note on Thursday, February 13th. HSBC upgraded shares of América Móvil from a "hold" rating to a "buy" rating and lifted their target price for the stock from $15.50 to $17.50 in a research report on Monday, April 14th. The Goldman Sachs Group cut their price target on shares of América Móvil from $17.60 to $17.30 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Finally, 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. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, América Móvil has a consensus rating of "Moderate Buy" and a consensus target price of $17.22.

América Móvil Trading Up 1.8 %

Shares of AMX traded up $0.30 during trading hours on Thursday, reaching $17.10. 3,822,899 shares of the company traded hands, compared to its average volume of 1,789,550. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. América Móvil, S.A.B. de C.V. has a 12 month low of $13.10 and a 12 month high of $20.31. The company's fifty day moving average price is $14.63 and its two-hundred day moving average price is $14.85. The company has a market capitalization of $52.16 billion, a price-to-earnings ratio of 34.90, a price-to-earnings-growth ratio of 0.77 and a beta of 0.79.

América Móvil (NYSE:AMX - Get Free Report) last announced its 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%. Equities research analysts predict that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current fiscal year.

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.