Invesco Ltd. Has $207.37 Million Stake in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Invesco Ltd. cut its position in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 36.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,490,891 shares of the Wireless communications provider's stock after selling 8,186,912 shares during the period. Invesco Ltd. owned about 0.47% of América Móvil worth $207,365,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMX. Robeco Institutional Asset Management B.V. raised its holdings in shares of América Móvil by 115.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,961,191 shares of the Wireless communications provider's stock valued at $28,065,000 after purchasing an additional 1,050,203 shares during the last quarter. American Century Companies Inc. raised its holdings in América Móvil by 5.8% during the fourth quarter. American Century Companies Inc. now owns 1,069,640 shares of the Wireless communications provider's stock worth $15,307,000 after acquiring an additional 58,934 shares in the last quarter. Wellington Management Group LLP acquired a new position in América Móvil during the fourth quarter valued at approximately $15,149,000. ABC Arbitrage SA bought a new position in América Móvil in the fourth quarter valued at approximately $14,238,000. Finally, Russell Investments Group Ltd. increased its position in shares of América Móvil by 373.5% during the 4th quarter. Russell Investments Group Ltd. now owns 809,021 shares of the Wireless communications provider's stock worth $11,577,000 after purchasing an additional 638,159 shares during the last quarter. 6.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AMX has been the topic of a number of recent analyst reports. Hsbc Global Res upgraded shares of América Móvil from a "hold" rating to a "strong-buy" rating in a report on Monday. 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 report on Thursday, January 16th. HSBC upgraded América Móvil from a "hold" rating to a "buy" rating and increased their target price for the stock from $15.50 to $17.50 in a research note on Monday. StockNews.com raised shares of América Móvil from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 15th. Finally, Scotiabank dropped their price target on shares of América Móvil from $17.30 to $13.70 and set a "sector perform" rating for the company in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, América Móvil presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.22.

América Móvil Price Performance

NYSE AMX traded up $0.56 on Thursday, hitting $15.79. 817,807 shares of the company's stock were exchanged, compared to its average volume of 1,748,993. América Móvil, S.A.B. de C.V. has a 52 week low of $13.10 and a 52 week high of $20.31. The stock has a 50-day moving average of $14.45 and a 200-day moving average of $14.84. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. The stock has a market cap of $48.14 billion, a price-to-earnings ratio of 32.19, a P/E/G ratio of 0.77 and a beta of 0.79.

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 net margin of 3.25% and a return on equity of 6.38%. Analysts expect 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.