Natixis Advisors LLC Sells 42,759 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Natixis Advisors LLC lessened its position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 32.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 87,742 shares of the Wireless communications provider's stock after selling 42,759 shares during the quarter. Natixis Advisors LLC's holdings in América Móvil were worth $1,256,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Spire Wealth Management bought a new stake in shares of América Móvil during the 4th quarter valued at $32,000. Farther Finance Advisors LLC grew its holdings 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 valued at $45,000 after purchasing an additional 1,414 shares during the period. R Squared Ltd purchased a new stake in América Móvil in the fourth quarter worth about $49,000. Raleigh Capital Management Inc. bought a new position in shares of América Móvil in the fourth quarter worth about $57,000. Finally, Blue Trust Inc. lifted its position in shares of América Móvil by 57.8% during the 4th quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider's stock valued at $79,000 after buying an additional 2,028 shares in the last quarter. Hedge funds and other institutional investors own 6.30% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. StockNews.com upgraded shares of América Móvil from a "buy" rating to a "strong-buy" rating in a research note on Saturday, March 15th. The Goldman Sachs Group decreased their price objective 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. JPMorgan Chase & Co. dropped their target price on shares of América Móvil from $17.00 to $15.00 and set an "underweight" rating for the company in a report on Thursday, January 16th. Finally, 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. 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 issued a strong buy rating to the stock. According to data from MarketBeat, América Móvil presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.15.

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América Móvil Price Performance

Shares of AMX stock traded down $0.08 during mid-day trading on Friday, hitting $14.41. The company had a trading volume of 940,645 shares, compared to its average volume of 1,640,816. The company has a market capitalization of $43.94 billion, a P/E ratio of 29.40, a P/E/G ratio of 0.77 and a beta of 0.95. The stock's 50 day moving average price is $14.41 and its 200-day moving average price is $15.05. América Móvil, S.A.B. de C.V. has a 52-week low of $13.63 and a 52-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.

América Móvil (NYSE:AMX - Get Free Report) last announced its quarterly earnings results 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 return on equity of 6.38% and a net margin of 3.25%. Equities research analysts forecast that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current year.

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.