State Street Corp increased its stake in shares of America Movil, S.A.B. de C.V. (NYSE:AMX) by 105.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,594,576 shares of the Wireless communications provider’s stock after purchasing an additional 819,490 shares during the quarter. State Street Corp’s holdings in America Movil, S.A.B. de C.V. were worth $25,386,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of AMX. Blair William & Co. IL acquired a new stake in America Movil, S.A.B. de C.V. in the second quarter valued at approximately $167,000. Girard Partners LTD. acquired a new stake in America Movil, S.A.B. de C.V. in the second quarter valued at approximately $185,000. Bayesian Capital Management LP acquired a new stake in America Movil, S.A.B. de C.V. in the second quarter valued at approximately $217,000. Ronald Blue & Co. LLC lifted its stake in America Movil, S.A.B. de C.V. by 1.0% in 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 last quarter. Finally, Bfsg LLC acquired a new stake in America Movil, S.A.B. de C.V. in the second quarter valued at approximately $250,000. Institutional investors and hedge funds own 7.58% of the company’s stock.

Shares of America Movil, S.A.B. de C.V. (NYSE:AMX) opened at $17.20 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.75 and a debt-to-equity ratio of 2.39. America Movil, S.A.B. de C.V. has a fifty-two week low of $11.18 and a fifty-two week high of $19.50. The firm has a market cap of $57,046.94, a PE ratio of 24.67, a PEG ratio of 0.22 and a beta of 0.53.

The business also recently declared a semiannual dividend, which will be paid on Monday, November 20th. Investors of record on Friday, October 27th will be given a dividend of $0.1599 per share. The ex-dividend date is Thursday, October 26th. This represents a yield of 1.75%. America Movil, S.A.B. de C.V.’s dividend payout ratio (DPR) is 24.29%.

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AMX has been the subject of a number of analyst reports. Deutsche Bank AG upgraded shares of America Movil, S.A.B. de C.V. from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $20.00 to $21.00 in a research note on Monday, October 16th. ValuEngine upgraded shares of America Movil, S.A.B. de C.V. from a “hold” rating to a “buy” rating in a research note on Monday, September 18th. 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. TheStreet lowered shares of America Movil, S.A.B. de C.V. from a “b-” rating to a “c+” rating in a research report on Thursday, November 9th. Finally, Zacks Investment Research raised shares of America Movil, S.A.B. de C.V. from a “strong sell” rating to a “hold” rating and set a $21.00 target price on the stock in a research report on Monday, August 14th. Four research analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.78.

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

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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