TSP Capital Management Group LLC boosted its stake in shares of America Movil SAB de CV (NYSE:AMX) by 11.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 426,016 shares of the Wireless communications provider’s stock after buying an additional 45,336 shares during the period. America Movil SAB de CV comprises about 2.9% of TSP Capital Management Group LLC’s holdings, making the stock its 13th largest position. TSP Capital Management Group LLC’s holdings in America Movil SAB de CV were worth $6,037,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. purchased a new stake in America Movil SAB de CV during the third quarter valued at $114,000. Fox Run Management L.L.C. acquired a new stake in shares of America Movil SAB de CV during the first quarter worth $145,000. First Allied Advisory Services Inc. raised its stake in shares of America Movil SAB de CV by 15.3% in the fourth quarter. First Allied Advisory Services Inc. now owns 12,370 shares of the Wireless communications provider’s stock worth $155,000 after buying an additional 1,642 shares during the last quarter. Johnson Investment Counsel Inc. raised its stake in shares of America Movil SAB de CV by 0.9% in the third quarter. Johnson Investment Counsel Inc. now owns 12,610 shares of the Wireless communications provider’s stock worth $144,000 after buying an additional 110 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of America Movil SAB de CV during the fourth quarter worth $159,000. Hedge funds and other institutional investors own 7.87% of the company’s stock.

Institutional Ownership by Quarter for America Movil SAB de CV (NYSE:AMX)

America Movil SAB de CV (NYSE:AMX) traded down 0.49% on Thursday, hitting $16.13. The stock had a trading volume of 1,306,697 shares. The firm has a market cap of $53.06 billion, a PE ratio of 26.02 and a beta of 0.70. America Movil SAB de CV has a 12-month low of $11.02 and a 12-month high of $16.52. The company’s 50 day moving average is $15.16 and its 200 day moving average is $13.35.

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A number of equities research analysts have recently weighed in on the company. Credit Suisse Group AG set a $13.00 price target on America Movil SAB de CV and gave the stock a “hold” rating in a research note on Saturday, February 18th. Zacks Investment Research raised America Movil SAB de CV from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Thursday, April 6th. Royal Bank of Canada set a $12.00 price target on America Movil SAB de CV and gave the company a “sell” rating in a report on Wednesday, May 3rd. Deutsche Bank AG raised America Movil SAB de CV from a “sell” rating to a “hold” rating and set a $10.00 price target for the company in a report on Monday, April 24th. Finally, Barclays PLC raised America Movil SAB de CV from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $14.00 to $17.00 in a research note on Monday, April 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. America Movil SAB de CV has an average rating of “Hold” and an average target price of $13.51.

About America Movil SAB de CV

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.

12 Month Chart for NYSE:AMX

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