United Services Automobile Association boosted its stake in shares of America Movil, S.A.B. de C.V. (NYSE:AMX) by 15.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 294,664 shares of the Wireless communications provider’s stock after buying an additional 38,675 shares during the period. United Services Automobile Association’s holdings in America Movil, S.A.B. de C.V. were worth $4,175,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Quantbot Technologies LP purchased a new stake in shares of America Movil, S.A.B. de C.V. during the first quarter valued at $142,000. Fox Run Management L.L.C. purchased a new stake in shares of America Movil, S.A.B. de C.V. during the first quarter valued at $145,000. First Allied Advisory Services Inc. boosted its stake in shares of America Movil, S.A.B. de C.V. by 15.3% in the fourth quarter. First Allied Advisory Services Inc. now owns 12,370 shares of the Wireless communications provider’s stock valued at $155,000 after buying an additional 1,642 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of America Movil, S.A.B. de C.V. during the fourth quarter valued at $159,000. Finally, Hanson & Doremus Investment Management boosted its stake in shares of America Movil, S.A.B. de C.V. by 0.6% in the fourth quarter. Hanson & Doremus Investment Management now owns 14,156 shares of the Wireless communications provider’s stock valued at $178,000 after buying an additional 87 shares during the period. 8.25% of the stock is currently owned by hedge funds and other institutional investors.

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

America Movil, S.A.B. de C.V. (NYSE AMX) traded up 0.25% during mid-day trading on Friday, reaching $15.95. 2,532,850 shares of the company’s stock were exchanged. America Movil, S.A.B. de C.V. has a 52 week low of $11.02 and a 52 week high of $16.56. The company’s 50 day moving average price is $15.84 and its 200-day moving average price is $13.85. The company has a market capitalization of $52.47 billion, a P/E ratio of 24.17 and a beta of 0.59.

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Several brokerages recently weighed in on AMX. Credit Suisse Group set a $13.00 target price on shares of America Movil, S.A.B. de C.V. and gave the company a “hold” rating in a report on Saturday, February 18th. Barclays PLC raised shares of America Movil, S.A.B. de C.V. from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $14.00 to $17.00 in a report on Monday, April 10th. J P Morgan Chase & Co reaffirmed an “underweight” rating and issued a $13.00 target price (up previously from $11.00) on shares of America Movil, S.A.B. de C.V. in a report on Monday, June 5th. Zacks Investment Research cut shares of America Movil, S.A.B. de C.V. from a “hold” rating to a “sell” rating in a report on Tuesday, June 6th. Finally, Royal Bank Of Canada set a $12.00 target price on shares of America Movil, S.A.B. de C.V. and gave the company a “sell” rating in a report on Wednesday, May 3rd. Four analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $13.45.

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.

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