Discovery Capital Management LLC CT Sells 180,100 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Discovery Capital Management LLC CT lessened its position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 9.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,673,888 shares of the Wireless communications provider's stock after selling 180,100 shares during the quarter. América Móvil comprises about 1.7% of Discovery Capital Management LLC CT's investment portfolio, making the stock its 21st largest position. Discovery Capital Management LLC CT owned approximately 0.05% of América Móvil worth $23,953,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in AMX. Headlands Technologies LLC acquired a new stake in América Móvil during the 4th quarter worth $74,000. Wellington Management Group LLP acquired a new position in América Móvil in the fourth quarter valued at about $15,149,000. IPG Investment Advisors LLC bought a new position in América Móvil during the fourth quarter worth about $168,000. Sava Infond d.o.o. acquired a new stake in shares of América Móvil in the 4th quarter valued at approximately $286,000. Finally, Banco BTG Pactual S.A. grew its holdings in América Móvil by 56.0% during the fourth quarter. Banco BTG Pactual S.A. now owns 117,008 shares of the Wireless communications provider's stock valued at $1,674,000 after purchasing an additional 42,008 shares during the period. Institutional investors own 6.30% of the company's stock.

Wall Street Analyst Weigh In

AMX has been the topic of a number of research analyst reports. StockNews.com raised América Móvil from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 15th. JPMorgan Chase & Co. dropped their price target on América Móvil from $17.00 to $15.00 and set an "underweight" rating on the stock in a research note on Thursday, January 16th. The Goldman Sachs Group decreased their price objective on América Móvil from $17.60 to $17.30 and set a "buy" rating for the company in a report on Wednesday, February 19th. Finally, Scotiabank cut their target price on 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $17.15.

América Móvil Stock Down 5.9 %

NYSE AMX traded down $0.89 during trading hours on Friday, hitting $14.12. 1,717,130 shares of the company traded hands, compared to its average volume of 1,648,723. The stock has a market capitalization of $43.07 billion, a price-to-earnings ratio of 28.82, a P/E/G ratio of 0.77 and a beta of 0.79. América Móvil, S.A.B. de C.V. has a twelve month low of $13.63 and a twelve month high of $20.31. The business's 50-day moving average is $14.46 and its 200-day moving average is $14.99. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72.

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 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%. Sell-side analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current year.

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.