Discovery Capital Management LLC CT lessened its holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 9.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,673,888 shares of the Wireless communications provider's stock after selling 180,100 shares during the period. América Móvil makes up 1.7% of Discovery Capital Management LLC CT's portfolio, making the stock its 21st biggest position. Discovery Capital Management LLC CT owned about 0.05% of América Móvil worth $23,953,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMX. Lee Danner & Bass Inc. acquired a new stake in shares of América Móvil in the 4th quarter valued at $29,000. Spire Wealth Management acquired a new position in América Móvil in the fourth quarter valued at about $32,000. Farther Finance Advisors LLC grew 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 during the last quarter. R Squared Ltd acquired a new stake in shares of América Móvil during the fourth quarter worth approximately $49,000. Finally, Raleigh Capital Management Inc. bought a new position in shares of América Móvil in the fourth quarter valued at approximately $57,000. Institutional investors own 6.30% of the company's stock.
América Móvil Trading Up 4.0 %
Shares of NYSE:AMX traded up $0.58 during midday trading on Thursday, hitting $15.04. The company had a trading volume of 3,229,133 shares, compared to its average volume of 1,643,980. The firm has a fifty day simple moving average of $14.44 and a 200 day simple moving average of $15.01. The stock has a market cap of $45.86 billion, a price-to-earnings ratio of 30.68, a PEG ratio of 0.77 and a beta of 0.79. 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 12 month low of $13.63 and a 12 month high of $20.31.
América Móvil (NYSE:AMX - Get Free Report) last issued its 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 return on equity of 6.38% and a net margin of 3.25%. On average, analysts predict that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current year.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on AMX. JPMorgan Chase & Co. dropped their price target on América Móvil from $17.00 to $15.00 and set an "underweight" rating for the company in a report on Thursday, January 16th. Scotiabank decreased their price target on América Móvil from $17.30 to $13.70 and set a "sector perform" rating on the stock in a report on Thursday, February 13th. StockNews.com upgraded América Móvil from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 15th. Finally, The Goldman Sachs Group cut 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 report on Wednesday, February 19th. One 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.15.
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About América Móvil
(
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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