The America Movil, S.A.B. de C.V. (AMX) Stake Raised by Northern Trust Corp

The America Movil, S.A.B. de C.V. (AMX) Stake Raised by Northern Trust Corp

Northern Trust Corp increased its position in shares of America Movil, S.A.B. de C.V. (NYSE:AMX) by 2.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,256,145 shares of the Wireless communications provider’s stock after acquiring an additional 45,848 shares during the quarter. Northern Trust Corp owned 0.07% of America Movil, S.A.B. de C.V. worth $35,918,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of America Movil, S.A.B. de C.V. during the first quarter valued at approximately $143,000. Blair William & Co. IL acquired a new stake in shares of America Movil, S.A.B. de C.V. during the second quarter valued at approximately $167,000. Girard Partners LTD. acquired a new stake in shares of America Movil, S.A.B. de C.V. during the second quarter valued at approximately $185,000. Ronald Blue & Co. LLC raised its holdings in shares of America Movil, S.A.B. de C.V. by 1.0% during the second quarter. Ronald Blue & Co. LLC now owns 13,673 shares of the Wireless communications provider’s stock valued at $218,000 after acquiring an additional 134 shares during the period. Finally, Paloma Partners Management Co raised its holdings in shares of America Movil, S.A.B. de C.V. by 58.1% during the first quarter. Paloma Partners Management Co now owns 16,105 shares of the Wireless communications provider’s stock valued at $228,000 after acquiring an additional 5,921 shares during the period. Institutional investors and hedge funds own 7.64% of the company’s stock.

America Movil, S.A.B. de C.V. (NYSE:AMX) opened at 18.00 on Friday. America Movil, S.A.B. de C.V. has a 12 month low of $11.02 and a 12 month high of $19.05. The company’s 50-day moving average is $18.18 and its 200-day moving average is $16.73. The stock has a market capitalization of $59.18 billion, a P/E ratio of 22.50 and a beta of 0.54.

A number of equities research analysts have recently issued reports on the stock. Barclays PLC restated a “buy” rating and set a $18.00 price target (up previously from $17.00) on shares of America Movil, S.A.B. de C.V. in a report on Friday, July 21st. ValuEngine upgraded shares of America Movil, S.A.B. de C.V. from a “hold” rating to a “buy” rating in a report on Monday, September 18th. Credit Suisse Group set a $16.00 price target on shares of America Movil, S.A.B. de C.V. and gave the company a “hold” rating in a report on Thursday, June 22nd. Morgan Stanley upgraded shares of America Movil, S.A.B. de C.V. from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $16.00 to $21.00 in a report on Thursday, August 10th. Finally, Zacks Investment Research upgraded shares of America Movil, S.A.B. de C.V. from a “strong sell” rating to a “hold” rating and set a $21.00 price target on the stock in a report on Monday, August 14th. Four analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $15.21.

America Movil, S.A.B. de C.V. Profile

America Movil, SAB. de C.V. is a holding company. The Company provides telecommunications services. Its services include mobile and fixed-line voice services, wireless and fixed data services, Internet access and pay television, sales of equipment, accessories and computers, as well as other related services.

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