Cetera Investment Advisers Sells 82,587 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Cetera Investment Advisers cut its stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 55.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,322 shares of the Wireless communications provider's stock after selling 82,587 shares during the quarter. Cetera Investment Advisers' holdings in América Móvil were worth $949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of AMX. Bank of America Corp DE lifted its holdings in shares of América Móvil by 278.8% in the 4th quarter. Bank of America Corp DE now owns 10,216,018 shares of the Wireless communications provider's stock worth $146,191,000 after acquiring an additional 7,519,147 shares during the last quarter. First Trust Advisors LP increased its position in América Móvil by 1.7% during the 4th 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 during the period. Robeco Institutional Asset Management B.V. increased its position 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 valued at $28,065,000 after purchasing an additional 1,050,203 shares during the period. Capital International Sarl increased its position in América Móvil by 2.4% during the 4th quarter. Capital International Sarl now owns 1,207,240 shares of the Wireless communications provider's stock valued at $17,276,000 after purchasing an additional 28,676 shares during the period. Finally, BNP Paribas Financial Markets purchased a new position in América Móvil during the 4th quarter valued at $16,791,000. 6.30% of the stock is currently owned by institutional investors.

América Móvil Stock Down 0.9%

AMX stock traded down $0.17 during trading on Wednesday, hitting $17.41. 840,557 shares of the stock traded hands, compared to its average volume of 1,911,495. América Móvil, S.A.B. de C.V. has a 1 year low of $13.10 and a 1 year high of $19.43. The firm's 50 day moving average is $15.92 and its two-hundred day moving average is $15.00. The stock has a market cap of $52.82 billion, a price-to-earnings ratio of 35.56, a price-to-earnings-growth ratio of 0.77 and a beta of 0.82. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67.

América Móvil (NYSE:AMX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.02). The company had revenue of $11.36 billion for 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%. On average, sell-side analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on AMX shares. Scotiabank reduced their price objective on shares of 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. The Goldman Sachs Group reduced their price objective on shares of América Móvil from $17.60 to $17.30 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. UBS Group downgraded shares of América Móvil from a "buy" rating to a "neutral" rating in a research report on Wednesday, May 21st. Wall Street Zen raised shares of América Móvil from a "hold" rating to a "buy" rating in a research report on Wednesday. Finally, Hsbc Global Res raised shares of América Móvil from a "hold" rating to a "strong-buy" rating in a research 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 issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.