Brandes Investment Partners LP lowered its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,343,360 shares of the Wireless communications provider's stock after selling 112,305 shares during the period. Brandes Investment Partners LP owned about 0.08% of América Móvil worth $33,533,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Commonwealth Equity Services LLC boosted its stake in América Móvil by 3.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 118,588 shares of the Wireless communications provider's stock worth $1,697,000 after buying an additional 3,839 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in América Móvil by 82.5% during the fourth 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 in the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in América Móvil during the fourth quarter worth $738,000. Raymond James Financial Inc. acquired a new stake in América Móvil during the fourth quarter worth $1,386,000. Finally, State of New Jersey Common Pension Fund D boosted its stake in América Móvil by 23.4% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 261,054 shares of the Wireless communications provider's stock worth $3,736,000 after buying an additional 49,471 shares in the last quarter. Institutional investors and hedge funds own 6.30% of the company's stock.
América Móvil Price Performance
Shares of América Móvil stock traded down $0.19 during trading on Wednesday, reaching $14.15. The company's stock had a trading volume of 2,370,909 shares, compared to its average volume of 1,583,547. The stock has a 50-day moving average price of $14.35 and a two-hundred day moving average price of $15.15. 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, S.A.B. de C.V. has a one year low of $13.63 and a one year high of $20.31. The stock has a market capitalization of $43.14 billion, a P/E ratio of 28.87, a price-to-earnings-growth ratio of 0.77 and a beta of 0.95.
América Móvil (NYSE:AMX - Get Free Report) last released its quarterly earnings results 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 net margin of 3.25% and a return on equity of 6.38%. As a group, sell-side analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on AMX shares. Scotiabank reduced their target price on shares of América Móvil from $17.30 to $13.70 and set a "sector perform" rating on the stock in a research note on Thursday, February 13th. StockNews.com upgraded shares of América Móvil from a "buy" rating to a "strong-buy" rating in a research note on Saturday. The Goldman Sachs Group reduced their target price on shares of América Móvil from $17.60 to $17.30 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. reduced their target price 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 assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, América Móvil presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.15.
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América Móvil Profile
(
Free Report)
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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