América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Sold by Capital Group Private Client Services Inc.

Capital Group Private Client Services Inc. reduced its position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 13.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,996,865 shares of the Wireless communications provider's stock after selling 305,690 shares during the period. Capital Group Private Client Services Inc. owned about 0.07% of América Móvil worth $28,575,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Lee Danner & Bass Inc. purchased a new position in shares of América Móvil in the 4th quarter valued at about $29,000. Spire Wealth Management acquired a new stake in América Móvil during the fourth quarter worth approximately $32,000. Farther Finance Advisors LLC lifted its position in shares of América Móvil by 82.5% during the 4th quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider's stock worth $45,000 after buying an additional 1,414 shares during the last quarter. R Squared Ltd acquired a new stake in América Móvil during the 4th quarter worth $49,000. Finally, Raleigh Capital Management Inc. purchased a new stake in América Móvil in the fourth quarter valued at $57,000. Hedge funds and other institutional investors own 6.30% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMX. The Goldman Sachs Group reduced their target price on América Móvil from $17.60 to $17.30 and set a "buy" rating for the company in a report on Wednesday, February 19th. Hsbc Global Res upgraded shares of América Móvil from a "hold" rating to a "strong-buy" rating in a research note on Monday. Scotiabank reduced their target price on shares of América Móvil from $17.30 to $13.70 and set a "sector perform" rating for the company in a report on Thursday, February 13th. HSBC raised América Móvil from a "hold" rating to a "buy" rating and upped their price objective for the company from $15.50 to $17.50 in a research note on Monday. Finally, StockNews.com upgraded América Móvil from a "buy" rating to a "strong-buy" rating in a research note on Saturday, March 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, América Móvil has an average rating of "Moderate Buy" and an average price target of $17.22.

América Móvil Stock Performance

NYSE:AMX opened at $16.11 on Friday. The stock has a market cap of $49.14 billion, a PE ratio of 32.88, a price-to-earnings-growth ratio of 0.77 and a beta of 0.79. América Móvil, S.A.B. de C.V. has a fifty-two week low of $13.10 and a fifty-two week high of $20.31. The firm's fifty day simple moving average is $14.48 and its 200-day simple moving average is $14.84. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90.

América Móvil (NYSE:AMX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.27). América Móvil had a return on equity of 6.38% and a net margin of 3.25%. Analysts expect that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current fiscal year.

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.

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