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

Discovery Capital Management LLC CT boosted its holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 270.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,795,988 shares of the Wireless communications provider’s stock after acquiring an additional 1,310,688 shares during the period. América Móvil accounts for about 4.0% of Discovery Capital Management LLC CT’s investment portfolio, making the stock its 9th largest position. Discovery Capital Management LLC CT’s holdings in América Móvil were worth $30,532,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AMX. Private Ocean LLC acquired a new position in shares of América Móvil in the first quarter worth $26,000. Principal Securities Inc. acquired a new position in América Móvil in the 4th quarter valued at about $41,000. Sound Income Strategies LLC raised its stake in 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 last quarter. Rothschild Investment LLC acquired a new stake in shares of América Móvil during the 2nd quarter worth about $59,000. Finally, Headlands Technologies LLC boosted its stake in shares of América Móvil by 448.5% during the 1st quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider’s stock worth $81,000 after purchasing an additional 3,539 shares during the last quarter. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

América Móvil Stock Performance

NYSE:AMX opened at $16.08 on Monday. The company has a market cap of $49.93 billion, a P/E ratio of 14.89, a P/E/G ratio of 0.98 and a beta of 0.95. The firm’s 50 day moving average is $16.86 and its two-hundred day moving average is $17.87. América Móvil, S.A.B. de C.V. has a fifty-two week low of $15.55 and a fifty-two week high of $20.31. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.98.

América Móvil (NYSE:AMX) last released its quarterly earnings data on Tuesday, July 16th. The Wireless communications provider reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $12.37 billion. Analysts expect that América Móvil, S.A.B. de C.V. will post 1.39 EPS for the current 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.