Ameriprise Financial Inc. Lowers Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Ameriprise Financial Inc. reduced its holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 19.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 263,653 shares of the Wireless communications provider's stock after selling 64,277 shares during the quarter. Ameriprise Financial Inc.'s holdings in América Móvil were worth $3,773,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. First Trust Advisors LP increased its stake in América Móvil by 1.7% in the 4th quarter. First Trust Advisors LP now owns 2,999,200 shares of the Wireless communications provider's stock worth $42,919,000 after acquiring an additional 48,849 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in América Móvil by 115.3% in 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 acquiring an additional 1,050,203 shares during the last quarter. Capital International Sarl increased its stake in América Móvil by 2.4% in the 4th quarter. Capital International Sarl now owns 1,207,240 shares of the Wireless communications provider's stock worth $17,276,000 after acquiring an additional 28,676 shares during the last quarter. American Century Companies Inc. increased its stake in América Móvil by 5.8% in the 4th quarter. American Century Companies Inc. now owns 1,069,640 shares of the Wireless communications provider's stock worth $15,307,000 after acquiring an additional 58,934 shares during the last quarter. Finally, Wellington Management Group LLP bought a new position in América Móvil in the 4th quarter worth about $15,149,000. 6.30% of the stock is currently owned by institutional investors.

América Móvil Trading Down 2.5%

NYSE AMX traded down $0.44 on Friday, hitting $16.89. The company's stock had a trading volume of 3,855,566 shares, compared to its average volume of 1,926,373. América Móvil, S.A.B. de C.V. has a 52-week low of $13.10 and a 52-week high of $18.73. 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 $16.10 and its 200 day simple moving average is $15.04. The firm has a market cap of $51.26 billion, a P/E ratio of 34.47, a PEG ratio of 0.77 and a beta of 0.82.

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

Analysts Set New Price Targets

AMX has been the topic of a number of research analyst reports. The Goldman Sachs Group decreased their target price on América Móvil from $17.60 to $17.30 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. HSBC upgraded América Móvil from a "hold" rating to a "buy" rating and increased their price objective for the company from $15.50 to $17.50 in a research report on Monday, April 14th. Scotiabank reduced their price objective on América Móvil from $17.30 to $13.70 and set a "sector perform" rating on the stock in a research report on Thursday, February 13th. Wall Street Zen upgraded América Móvil from a "hold" rating to a "buy" rating in a research report on Wednesday. Finally, Hsbc Global Res upgraded América Móvil from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, América Móvil has an average rating of "Moderate Buy" and a consensus 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.