Allspring Global Investments Holdings LLC Sells 251,142 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Allspring Global Investments Holdings LLC decreased its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 4.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,599,968 shares of the Wireless communications provider's stock after selling 251,142 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.18% of América Móvil worth $80,752,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. NBC Securities Inc. boosted its stake in shares of América Móvil by 17.7% during the 3rd quarter. NBC Securities Inc. now owns 19,748 shares of the Wireless communications provider's stock worth $323,000 after acquiring an additional 2,967 shares in the last quarter. Harbour Capital Advisors LLC lifted its position in shares of América Móvil by 64.3% in the 3rd quarter. Harbour Capital Advisors LLC now owns 44,700 shares of the Wireless communications provider's stock worth $721,000 after acquiring an additional 17,500 shares during the period. Blue Trust Inc. lifted its position in shares of América Móvil by 195.9% in the 3rd quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider's stock worth $60,000 after acquiring an additional 2,322 shares during the period. International Assets Investment Management LLC lifted its position in shares of América Móvil by 1,545.1% in the 3rd quarter. International Assets Investment Management LLC now owns 185,702 shares of the Wireless communications provider's stock worth $30,380,000 after acquiring an additional 174,414 shares during the period. Finally, CENTRAL TRUST Co lifted its position in shares of América Móvil by 3,500.0% during the 3rd quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider's stock worth $59,000 after buying an additional 3,500 shares during the period. Hedge funds and other institutional investors own 6.30% of the company's stock.

América Móvil Stock Up 3.1 %

Shares of América Móvil stock traded up $0.46 during trading on Friday, reaching $15.29. The stock had a trading volume of 2,383,679 shares, compared to its average volume of 1,461,926. The company has a market capitalization of $46.95 billion, a price-to-earnings ratio of 22.82, a P/E/G ratio of 0.75 and a beta of 0.93. The stock has a fifty day moving average price of $14.32 and a two-hundred day moving average price of $15.52. 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 company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90.

América Móvil (NYSE:AMX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.27). América Móvil had a net margin of 4.45% and a return on equity of 8.61%. Sell-side analysts predict that América Móvil, S.A.B. de C.V. will post 0.69 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. The Goldman Sachs Group cut their target price on América Móvil from $17.80 to $17.60 and set a "buy" rating for the company in a research report on Tuesday, January 28th. StockNews.com raised América Móvil from a "buy" rating to a "strong-buy" rating in a research note on Thursday. JPMorgan Chase & Co. decreased their price objective 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. Finally, Scotiabank decreased their price objective on América Móvil from $17.30 to $13.70 and set a "sector perform" rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $18.22.

About América Móvil

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.