Quantbot Technologies LP Lowers Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Quantbot Technologies LP lessened its position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 48.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,272 shares of the Wireless communications provider's stock after selling 45,075 shares during the period. Quantbot Technologies LP's holdings in América Móvil were worth $773,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in AMX. Rothschild Investment LLC acquired a new position in América Móvil during the second quarter worth about $59,000. Blue Trust Inc. grew its holdings in shares of América Móvil by 195.9% during the 3rd quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider's stock valued at $60,000 after purchasing an additional 2,322 shares during the last quarter. CENTRAL TRUST Co increased its position in América Móvil by 3,500.0% during the 3rd quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider's stock worth $59,000 after purchasing an additional 3,500 shares in the last quarter. Allworth Financial LP lifted its stake in América Móvil by 46.1% in the 3rd quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider's stock valued at $81,000 after purchasing an additional 1,567 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in América Móvil by 5.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,839 shares of the Wireless communications provider's stock valued at $178,000 after buying an additional 608 shares in the last quarter. Institutional investors and hedge funds own 6.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. The Goldman Sachs Group dropped their target price on América Móvil from $20.80 to $17.80 and set a "buy" rating for the company in a research report on Friday, November 15th. Scotiabank cut their target price on shares of América Móvil from $17.80 to $17.30 and set a "sector perform" rating on the stock in a research report on Wednesday, October 16th. Finally, StockNews.com initiated coverage on shares of América Móvil in a research report on Friday, November 22nd. They issued a "buy" rating for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, América Móvil has a consensus rating of "Moderate Buy" and a consensus target price of $19.48.

América Móvil Trading Down 0.1 %

NYSE AMX traded down $0.01 during mid-day trading on Monday, reaching $14.82. 2,450,210 shares of the stock were exchanged, compared to its average volume of 1,576,502. The stock has a market cap of $45.50 billion, a P/E ratio of 22.13, a P/E/G ratio of 1.07 and a beta of 0.95. 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, S.A.B. de C.V. has a one year low of $14.59 and a one year high of $20.31. The stock has a 50 day simple moving average of $15.89 and a 200-day simple moving average of $16.82.

América Móvil (NYSE:AMX - Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.30). América Móvil had a net margin of 4.45% and a return on equity of 8.61%. The business had revenue of $11.82 billion during the quarter, compared to analyst estimates of $11.97 billion. On average, analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.17 EPS for the current year.

América Móvil Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were paid a dividend of $0.245 per share. The ex-dividend date of this dividend was Friday, November 8th. This is a positive change from América Móvil's previous semi-annual dividend of $0.18. This represents a yield of 2%. América Móvil's dividend payout ratio is currently 35.82%.

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.