Connor Clark & Lunn Investment Management Ltd. Has $1.86 Million Holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Connor Clark & Lunn Investment Management Ltd. lessened its holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 82.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 129,803 shares of the Wireless communications provider's stock after selling 606,304 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in América Móvil were worth $1,857,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in AMX. Spire Wealth Management bought a new stake in América Móvil in the 4th quarter valued at $32,000. Farther Finance Advisors LLC raised its stake in América Móvil by 82.5% in the 4th quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider's stock valued at $45,000 after acquiring an additional 1,414 shares during the period. R Squared Ltd bought a new stake in América Móvil in the 4th quarter valued at $49,000. Raleigh Capital Management Inc. bought a new stake in América Móvil in the 4th quarter valued at $57,000. Finally, Blue Trust Inc. increased its position in América Móvil by 57.8% during the 4th quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider's stock worth $79,000 after buying an additional 2,028 shares during the period. Institutional investors own 6.30% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on AMX. StockNews.com upgraded América Móvil from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 15th. JPMorgan Chase & Co. lowered their price objective on América Móvil from $17.00 to $15.00 and set an "underweight" rating on the stock in a research report on Thursday, January 16th. The Goldman Sachs Group lowered their price objective on América Móvil from $17.60 to $17.30 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Finally, Scotiabank lowered their price objective on América Móvil from $17.30 to $13.70 and set a "sector perform" rating on the stock in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, América Móvil has a consensus rating of "Moderate Buy" and a consensus price target of $17.15.

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América Móvil Price Performance

Shares of AMX traded down $0.09 during trading hours on Friday, hitting $14.09. 2,857,570 shares of the company were exchanged, compared to its average volume of 1,591,614. The company has a market cap of $42.96 billion, a price-to-earnings ratio of 28.74, a P/E/G ratio of 0.77 and a beta of 0.95. América Móvil, S.A.B. de C.V. has a fifty-two week low of $13.63 and a fifty-two week high of $20.31. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. The firm's fifty day moving average is $14.37 and its 200 day moving average is $15.12.

América Móvil (NYSE:AMX - Get Free Report) last released its earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share (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%. On average, equities analysts anticipate 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.