Capital International Investors Sells 1,874,712 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Capital International Investors trimmed its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,941,466 shares of the Wireless communications provider's stock after selling 1,874,712 shares during the quarter. Capital International Investors owned 2.02% of América Móvil worth $886,237,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. acquired a new stake in América Móvil during the 4th quarter valued at approximately $29,000. Spire Wealth Management bought a new stake in shares of América Móvil in the 4th quarter valued at $32,000. Farther Finance Advisors LLC increased 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 buying an additional 1,414 shares during the period. R Squared Ltd bought a new position in América Móvil during the fourth quarter worth $49,000. Finally, Raleigh Capital Management Inc. acquired a new position in América Móvil in the fourth quarter valued at $57,000. 6.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on AMX shares. HSBC upgraded América Móvil from a "hold" rating to a "buy" rating and increased their price target for the stock from $15.50 to $17.50 in a report on Monday, April 14th. JPMorgan Chase & Co. lowered their target price on América Móvil from $17.00 to $15.00 and set an "underweight" rating for the company in a report on Thursday, January 16th. Scotiabank cut 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. The Goldman Sachs Group lowered their price objective 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, Hsbc Global Res raised shares of América Móvil from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. One investment 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 stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $17.22.

América Móvil Stock Up 1.4 %

NYSE AMX traded up $0.24 during mid-day trading on Thursday, hitting $17.04. The company's stock had a trading volume of 858,144 shares, compared to its average volume of 2,030,954. 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's 50 day simple moving average is $14.60 and its 200 day simple moving average is $14.85. América Móvil, S.A.B. de C.V. has a twelve month low of $13.10 and a twelve month high of $20.31. The firm has a market capitalization of $51.96 billion, a price-to-earnings ratio of 34.76, a PEG ratio of 0.77 and a beta of 0.79.

América Móvil (NYSE:AMX - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share (EPS) 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 anticipate 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.