América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN lowered its stake in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 30.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 493,847 shares of the Wireless communications provider's stock after selling 221,289 shares during the quarter. Wells Fargo & Company MN's holdings in América Móvil were worth $7,067,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of AMX. Lee Danner & Bass Inc. purchased a new position in América Móvil during the 4th quarter valued at about $29,000. Spire Wealth Management purchased a new position in shares of América Móvil in the fourth quarter valued at approximately $32,000. Farther Finance Advisors LLC grew its holdings in shares of América Móvil by 82.5% in 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 in the last quarter. R Squared Ltd purchased a new stake in América Móvil during the 4th quarter worth approximately $49,000. Finally, Raleigh Capital Management Inc. acquired a new stake in América Móvil during the 4th quarter worth approximately $57,000. Hedge funds and other institutional investors own 6.30% of the company's stock.

América Móvil Price Performance

Shares of NYSE:AMX traded up $0.23 during trading on Thursday, hitting $17.03. 429,247 shares of the stock were exchanged, compared to its average volume of 1,774,150. The company has a market cap of $51.93 billion, a PE ratio of 34.79, a P/E/G 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. The company has a fifty day moving average price of $14.60 and a two-hundred day moving average price of $14.85. América Móvil, S.A.B. de C.V. has a 12-month low of $13.10 and a 12-month high of $20.31.

América Móvil (NYSE:AMX - Get Free Report) last posted its earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.27). América Móvil had a net margin of 3.25% and a return on equity of 6.38%. On average, analysts forecast that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their price objective on América Móvil from $17.00 to $15.00 and set an "underweight" rating for the company in a research note on Thursday, January 16th. StockNews.com upgraded shares of América Móvil from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 15th. Hsbc Global Res upgraded shares of América Móvil from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. HSBC raised América Móvil from a "hold" rating to a "buy" rating and increased their target price for the company from $15.50 to $17.50 in a report on Monday, April 14th. Finally, The Goldman Sachs Group decreased their price target on América Móvil from $17.60 to $17.30 and set a "buy" rating for the company in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $17.22.

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.