Bank of New York Mellon Corp Cuts Stock Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Bank of New York Mellon Corp trimmed its holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 34.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,390 shares of the Wireless communications provider's stock after selling 24,291 shares during the quarter. Bank of New York Mellon Corp's holdings in América Móvil were worth $664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Spire Wealth Management bought a new stake in América Móvil in the fourth quarter valued at $32,000. R Squared Ltd bought a new stake in América Móvil in the 4th quarter valued at about $49,000. Raleigh Capital Management Inc. bought a new stake in América Móvil in the 4th quarter valued at about $57,000. Blue Trust Inc. raised its stake 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. Finally, Modus Advisors LLC bought a new position in América Móvil in the fourth quarter worth approximately $80,000. Institutional investors own 6.30% of the company's stock.

América Móvil Stock Down 0.5 %

Shares of NYSE:AMX traded down $0.08 during mid-day trading on Friday, hitting $14.41. 940,645 shares of the company traded hands, compared to its average volume of 1,640,816. The stock has a 50-day moving average price of $14.41 and a two-hundred day moving average price of $15.04. América Móvil, S.A.B. de C.V. has a 12-month low of $13.63 and a 12-month high of $20.31. The stock has a market cap of $43.94 billion, a P/E ratio of 29.40, a P/E/G ratio of 0.77 and a beta of 0.95. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90.

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América Móvil (NYSE:AMX - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 research analysts forecast that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.