Capital International Investors lifted its stake in shares of America Movil, S.A.B. de C.V. (NYSE:AMX) by 9.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,270,001 shares of the Wireless communications provider’s stock after acquiring an additional 3,092,082 shares during the quarter. Capital International Investors owned about 1.13% of America Movil, S.A.B. de C.V. worth $593,338,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMX. Quantbot Technologies LP acquired a new position in shares of America Movil, S.A.B. de C.V. during the 1st quarter valued at about $142,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of America Movil, S.A.B. de C.V. in the 1st quarter valued at approximately $143,000. Blair William & Co. IL bought a new position in shares of America Movil, S.A.B. de C.V. in the 2nd quarter valued at approximately $167,000. Girard Partners LTD. bought a new position in shares of America Movil, S.A.B. de C.V. in the 2nd quarter valued at approximately $185,000. Finally, Bayesian Capital Management LP bought a new position in shares of America Movil, S.A.B. de C.V. in the 2nd quarter valued at approximately $217,000. Institutional investors own 7.64% of the company’s stock.

Shares of America Movil, S.A.B. de C.V. (AMX) traded down 0.90% on Monday, reaching $17.59. The company’s stock had a trading volume of 887,612 shares. The company’s 50 day moving average is $18.41 and its 200-day moving average is $16.20. The firm has a market cap of $57.83 billion, a price-to-earnings ratio of 21.99 and a beta of 0.54. America Movil, S.A.B. de C.V. has a 1-year low of $11.02 and a 1-year high of $19.05.

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A number of equities research analysts have issued reports on AMX shares. Barclays PLC reaffirmed a “buy” rating and set a $18.00 target price (up previously from $17.00) on shares of America Movil, S.A.B. de C.V. in a research report on Friday, July 21st. Zacks Investment Research upgraded America Movil, S.A.B. de C.V. from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 20th. 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 research report on Thursday, June 22nd. Morgan Stanley raised shares of America Movil, S.A.B. de C.V. from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $16.00 to $21.00 in a research report on Thursday, August 10th. Finally, ValuEngine raised shares of America Movil, S.A.B. de C.V. from a “hold” rating to a “buy” rating in a research report on Monday, September 18th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $15.21.

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

Institutional Ownership by Quarter for America Movil, S.A.B. de C.V. (NYSE:AMX)

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