Amundi Has $27.56 Million Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Amundi lessened its stake in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,978,361 shares of the Wireless communications provider's stock after selling 27,645 shares during the quarter. Amundi owned approximately 0.06% of América Móvil worth $27,559,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. FMR LLC raised its holdings in shares of América Móvil by 125.6% during the third quarter. FMR LLC now owns 65,590 shares of the Wireless communications provider's stock valued at $1,073,000 after buying an additional 36,520 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of América Móvil by 55.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,872 shares of the Wireless communications provider's stock valued at $243,000 after purchasing an additional 6,033 shares in the last quarter. ABS Direct Equity Fund LLC boosted its holdings in shares of América Móvil by 21.4% in the third quarter. ABS Direct Equity Fund LLC now owns 413,922 shares of the Wireless communications provider's stock valued at $6,772,000 after acquiring an additional 73,022 shares in the last quarter. Blue Trust Inc. increased its stake in shares of América Móvil by 57.8% during the fourth quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider's stock valued at $79,000 after acquiring an additional 2,028 shares during the period. Finally, Empirical Asset Management LLC bought a new stake in América Móvil during the fourth quarter worth approximately $487,000. Institutional investors own 6.30% of the company's stock.

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América Móvil Stock Up 0.8 %

América Móvil stock traded up $0.12 during mid-day trading on Friday, hitting $14.37. The company's stock had a trading volume of 1,353,771 shares, compared to its average volume of 1,575,600. The firm's 50 day moving average is $14.34 and its 200 day moving average is $15.22. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. The company has a market cap of $44.10 billion, a PE ratio of 29.32, a price-to-earnings-growth ratio of 0.77 and a beta of 0.95. América Móvil, S.A.B. de C.V. has a 52-week low of $13.63 and a 52-week high of $20.31.

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

Analyst Ratings Changes

Several analysts have recently weighed in on AMX shares. Scotiabank cut their price objective on América Móvil from $17.30 to $13.70 and set a "sector perform" rating for the company in a report on Thursday, February 13th. StockNews.com upgraded shares of América Móvil from a "buy" rating to a "strong-buy" rating in a research report on Thursday, March 6th. The Goldman Sachs Group cut their price objective on América Móvil from $17.60 to $17.30 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. cut their target price 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $17.15.

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.