Wellington Management Group LLP Takes Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Wellington Management Group LLP bought a new position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,058,618 shares of the Wireless communications provider's stock, valued at approximately $15,149,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. FMR LLC lifted its position in shares of América Móvil by 125.6% during the 3rd quarter. FMR LLC now owns 65,590 shares of the Wireless communications provider's stock valued at $1,073,000 after acquiring an additional 36,520 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in América Móvil by 55.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,872 shares of the Wireless communications provider's stock worth $243,000 after buying an additional 6,033 shares during the period. ABS Direct Equity Fund LLC increased its stake in shares of América Móvil by 21.4% in the 3rd quarter. ABS Direct Equity Fund LLC now owns 413,922 shares of the Wireless communications provider's stock valued at $6,772,000 after acquiring an additional 73,022 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of América Móvil by 82.5% during the fourth quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider's stock worth $45,000 after acquiring an additional 1,414 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of América Móvil by 57.8% in the fourth quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider's stock valued at $79,000 after purchasing an additional 2,028 shares during the last quarter. Institutional investors own 6.30% of the company's stock.

América Móvil Price Performance

NYSE AMX traded up $0.58 during trading hours on Monday, hitting $14.77. 143,829 shares of the company's stock traded hands, compared to its average volume of 1,919,129. América Móvil, S.A.B. de C.V. has a 52-week low of $13.10 and a 52-week high of $20.31. The company has a market capitalization of $45.06 billion, a PE ratio of 30.17, a PEG ratio of 0.77 and a beta of 0.79. The firm's 50-day moving average is $14.41 and its 200-day moving average is $14.85. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67.

América Móvil (NYSE:AMX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.27). América Móvil had a return on equity of 6.38% and a net margin of 3.25%. Equities analysts forecast that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on AMX. The Goldman Sachs Group dropped their price objective on shares of América Móvil from $17.60 to $17.30 and set a "buy" rating on the stock in a report on Wednesday, February 19th. HSBC raised shares of América Móvil from a "hold" rating to a "buy" rating and set a $17.50 price target for the company in a research note on Monday. Scotiabank dropped their price objective on América Móvil from $17.30 to $13.70 and set a "sector perform" rating on the stock in a research report on Thursday, February 13th. StockNews.com upgraded shares of América Móvil from a "buy" rating to a "strong-buy" rating in a research note on Saturday, March 15th. Finally, JPMorgan Chase & Co. cut their target price on shares of América Móvil from $17.00 to $15.00 and set an "underweight" rating for the company in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $17.22.

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.