ABS Direct Equity Fund LLC Lowers Stock Holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX)

ABS Direct Equity Fund LLC lowered its position in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 47.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 216,800 shares of the Wireless communications provider's stock after selling 197,122 shares during the period. América Móvil comprises approximately 3.6% of ABS Direct Equity Fund LLC's holdings, making the stock its 11th largest position. ABS Direct Equity Fund LLC's holdings in América Móvil were worth $3,102,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. grew its position in América Móvil by 76.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 736,107 shares of the Wireless communications provider's stock valued at $12,043,000 after acquiring an additional 317,800 shares in the last quarter. AQR Capital Management LLC raised its position in América Móvil by 343.1% during the second quarter. AQR Capital Management LLC now owns 294,907 shares of the Wireless communications provider's stock valued at $5,013,000 after acquiring an additional 228,353 shares in the last quarter. International Assets Investment Management LLC boosted its stake in América Móvil by 1,545.1% during the 3rd quarter. International Assets Investment Management LLC now owns 185,702 shares of the Wireless communications provider's stock valued at $30,380,000 after purchasing an additional 174,414 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of América Móvil by 19.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 910,988 shares of the Wireless communications provider's stock valued at $14,904,000 after purchasing an additional 151,114 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of América Móvil by 36,692.9% during the third quarter. Barclays PLC now owns 150,115 shares of the Wireless communications provider's stock valued at $2,456,000 after acquiring an additional 149,707 shares during the period. 6.30% of the stock is owned by hedge funds and other institutional investors.

América Móvil Stock Performance

Shares of NYSE:AMX traded up $0.03 on Tuesday, reaching $14.15. The company's stock had a trading volume of 1,175,580 shares, compared to its average volume of 1,599,716. The stock's 50-day moving average is $14.45 and its two-hundred day moving average is $15.80. América Móvil, S.A.B. de C.V. has a 52-week low of $13.63 and a 52-week high of $20.31. The stock has a market capitalization of $43.43 billion, a P/E ratio of 21.11, a PEG ratio of 0.73 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price target on América Móvil from $17.00 to $15.00 and set an "underweight" rating for the company in a research note on Thursday, January 16th. The Goldman Sachs Group decreased their price objective on shares of América Móvil from $17.80 to $17.60 and set a "buy" rating on the stock in a research note on Tuesday. StockNews.com raised América Móvil from a "hold" rating to a "buy" rating in a research note on Tuesday, January 14th. Finally, Scotiabank dropped their price objective on América Móvil from $17.80 to $17.30 and set a "sector perform" rating on the stock in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.94.

América Móvil Profile

América Móvil, SAB. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It provides data services, such as data centers, data administration, and hosting services to residential and corporate clients; value-added services, including Internet access, messaging and other wireless entertainment, and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and wireless security services, mobile payment solutions, machine-to-machine services, mobile banking, virtual private network services, and video calls and personal communications services.