Barclays PLC Has $324,000 Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Barclays PLC reduced its stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 85.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,588 shares of the Wireless communications provider's stock after selling 127,527 shares during the quarter. Barclays PLC's holdings in América Móvil were worth $324,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of AMX. Mirae Asset Global Investments Co. Ltd. boosted its stake in América Móvil by 55.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,872 shares of the Wireless communications provider's stock worth $243,000 after acquiring an additional 6,033 shares during the last quarter. Farther Finance Advisors LLC boosted its position in shares of 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 worth $45,000 after purchasing an additional 1,414 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of América Móvil by 57.8% in 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 during the period. Empirical Asset Management LLC bought a new stake in shares of América Móvil in the 4th quarter valued at $487,000. Finally, Robeco Institutional Asset Management B.V. raised its stake in América Móvil by 115.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,961,191 shares of the Wireless communications provider's stock worth $28,065,000 after buying an additional 1,050,203 shares during the period. 6.30% of the stock is owned by institutional investors.

América Móvil Stock Up 0.3%

NYSE:AMX traded up $0.05 on Thursday, hitting $17.43. 1,182,214 shares of the company's stock were exchanged, compared to its average volume of 1,850,597. The firm has a 50-day moving average price of $15.36 and a 200-day moving average price of $14.91. América Móvil, S.A.B. de C.V. has a 52 week low of $13.10 and a 52 week high of $20.27. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. The company has a market cap of $53.17 billion, a P/E ratio of 35.48, a price-to-earnings-growth ratio of 0.77 and a beta of 0.82.

América Móvil (NYSE:AMX - Get Free Report) last released its earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). The company had revenue of $11.36 billion for the quarter, compared to the consensus estimate of $11.28 billion. América Móvil had a return on equity of 6.38% and a net margin of 3.25%. As a group, analysts expect that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. StockNews.com upgraded América Móvil from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 15th. HSBC upgraded shares of América Móvil from a "hold" rating to a "buy" rating and upped their price target for the company from $15.50 to $17.50 in a report on Monday, April 14th. JPMorgan Chase & Co. cut 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. The Goldman Sachs Group reduced their target price on shares of América Móvil from $17.60 to $17.30 and set a "buy" rating for the company in a research note on Wednesday, February 19th. Finally, Scotiabank dropped their price target 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 equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $17.22.

About América Móvil

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.