Millennium Management LLC Reduces Stock Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Millennium Management LLC reduced its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 18.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 381,494 shares of the Wireless communications provider's stock after selling 85,614 shares during the period. Millennium Management LLC's holdings in América Móvil were worth $5,459,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AMX. Lazard Asset Management LLC boosted its position in shares of América Móvil by 12.6% in the fourth quarter. Lazard Asset Management LLC now owns 14,089,624 shares of the Wireless communications provider's stock worth $201,621,000 after purchasing an additional 1,571,290 shares during the period. Bank of America Corp DE raised its stake in América Móvil by 278.8% during the fourth quarter. Bank of America Corp DE now owns 10,216,018 shares of the Wireless communications provider's stock valued at $146,191,000 after purchasing an additional 7,519,147 shares in the last quarter. First Trust Advisors LP raised its stake in América Móvil by 1.7% during the fourth quarter. First Trust Advisors LP now owns 2,999,200 shares of the Wireless communications provider's stock valued at $42,919,000 after purchasing an additional 48,849 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in América Móvil by 115.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,961,191 shares of the Wireless communications provider's stock valued at $28,065,000 after purchasing an additional 1,050,203 shares in the last quarter. Finally, Capital International Sarl raised its stake in shares of América Móvil by 2.4% in the fourth quarter. Capital International Sarl now owns 1,207,240 shares of the Wireless communications provider's stock valued at $17,276,000 after acquiring an additional 28,676 shares during the period. 6.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMX has been the subject of a number of research analyst reports. HSBC raised América Móvil from a "hold" rating to a "buy" rating and raised their price target for the stock from $15.50 to $17.50 in a research note on Monday, April 14th. Scotiabank dropped their target price on shares of América Móvil from $17.30 to $13.70 and set a "sector perform" rating on the stock in a report on Thursday, February 13th. Wall Street Zen upgraded shares of América Móvil from a "hold" rating to a "buy" rating in a report on Wednesday, May 28th. UBS Group cut shares of América Móvil from a "buy" rating to a "neutral" rating in a report on Wednesday, May 21st. Finally, Hsbc Global Res upgraded shares of América Móvil from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $17.22.

América Móvil Stock Performance

Shares of América Móvil stock traded up $0.15 during midday trading on Monday, hitting $17.05. The company had a trading volume of 1,710,081 shares, compared to its average volume of 1,925,506. The stock has a market cap of $51.75 billion, a price-to-earnings ratio of 34.80, a PEG ratio of 0.77 and a beta of 0.82. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. The company has a fifty day simple moving average of $16.15 and a 200 day simple moving average of $15.05. América Móvil, S.A.B. de C.V. has a 12-month low of $13.10 and a 12-month high of $18.73.

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

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.