Capital International Investors Cuts Stock Holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Capital International Investors cut its holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 2.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 61,941,466 shares of the Wireless communications provider's stock after selling 1,874,712 shares during the period. Capital International Investors owned 2.02% of América Móvil worth $886,237,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in AMX. Farther Finance Advisors LLC lifted its position 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 worth $45,000 after buying an additional 1,414 shares in the last quarter. Gateway Investment Advisers LLC grew its stake in América Móvil by 17.3% in the fourth quarter. Gateway Investment Advisers LLC now owns 12,835 shares of the Wireless communications provider's stock valued at $184,000 after purchasing an additional 1,893 shares in the last quarter. Lee Danner & Bass Inc. purchased a new stake in shares of América Móvil during the 4th quarter worth about $29,000. Blue Trust Inc. increased its holdings in América Móvil by 57.8% in the fourth 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 last quarter. Finally, Spire Wealth Management acquired a new position in shares of América Móvil during the 4th quarter worth $32,000. Hedge funds and other institutional investors own 6.30% of the company's stock.

América Móvil Trading Up 1.5 %

NYSE AMX traded up $0.26 on Wednesday, reaching $16.81. The company had a trading volume of 3,139,638 shares, compared to its average volume of 1,777,354. 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 company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. The firm has a market cap of $51.26 billion, a price-to-earnings ratio of 34.30, a P/E/G ratio of 0.77 and a beta of 0.79. The business has a 50 day moving average of $14.57 and a two-hundred day moving average of $14.83.

América Móvil (NYSE:AMX - Get Free Report) last released its quarterly earnings data 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 net margin of 3.25% and a return on equity of 6.38%. Analysts forecast that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. 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 report on Thursday, January 16th. HSBC raised shares of América Móvil from a "hold" rating to a "buy" rating and raised their price objective for the stock from $15.50 to $17.50 in a report on Monday, April 14th. Scotiabank dropped 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 lowered their target price on shares of América Móvil from $17.60 to $17.30 and set a "buy" rating for the company in a research note on Wednesday, February 19th. Finally, Hsbc Global Res raised América Móvil from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $17.22.

América Móvil Company 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.