Dorsey Wright & Associates raised its position in shares of America Movil, S.A.B. de C.V. (NYSE:AMX) by 47.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,544 shares of the Wireless communications provider’s stock after purchasing an additional 70,214 shares during the period. Dorsey Wright & Associates’ holdings in America Movil, S.A.B. de C.V. were worth $3,825,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Well Done LLC acquired a new position in America Movil, S.A.B. de C.V. during the third quarter valued at approximately $181,000. Blair William & Co. IL acquired a new position in shares of America Movil, S.A.B. de C.V. during the second quarter worth $167,000. Girard Partners LTD. acquired a new position in shares of America Movil, S.A.B. de C.V. during the second quarter worth $185,000. Candriam Luxembourg S.C.A. acquired a new position in shares of America Movil, S.A.B. de C.V. during the third quarter worth $216,000. Finally, Bayesian Capital Management LP acquired a new position in shares of America Movil, S.A.B. de C.V. during the second quarter worth $217,000. Institutional investors and hedge funds own 7.58% of the company’s stock.

Several research analysts have recently issued reports on AMX shares. Zacks Investment Research downgraded shares of America Movil, S.A.B. de C.V. from a “strong-buy” rating to a “hold” rating in a report on Monday, October 16th. Credit Suisse Group upgraded shares of America Movil, S.A.B. de C.V. from a “neutral” rating to an “outperform” rating in a report on Friday, October 20th. 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. Barclays PLC reiterated a “buy” rating and set a $18.00 price target (up from $17.00) on shares of America Movil, S.A.B. de C.V. in a report on Friday, July 21st. Finally, Royal Bank Of Canada set a $14.00 price target on shares of America Movil, S.A.B. de C.V. and gave the stock a “sell” rating in a report on Friday, July 21st. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. America Movil, S.A.B. de C.V. currently has a consensus rating of “Hold” and a consensus target price of $16.78.

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Shares of America Movil, S.A.B. de C.V. (AMX) traded down $0.07 during trading on Tuesday, hitting $17.20. 2,439,300 shares of the company traded hands, compared to its average volume of 3,046,844. The company has a current ratio of 0.75, a quick ratio of 0.67 and a debt-to-equity ratio of 2.39. America Movil, S.A.B. de C.V. has a one year low of $11.18 and a one year high of $19.50. The company has a market capitalization of $57,046.94, a PE ratio of 24.67, a price-to-earnings-growth ratio of 0.22 and a beta of 0.53.

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

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

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