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

Cetera Investment Advisers lowered its stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 55.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,322 shares of the Wireless communications provider's stock after selling 82,587 shares during the period. Cetera Investment Advisers' holdings in América Móvil were worth $949,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of America Corp DE increased its position 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 worth $146,191,000 after acquiring an additional 7,519,147 shares during the period. BNP Paribas Financial Markets bought a new position in shares of América Móvil during the fourth quarter worth approximately $16,791,000. American Trust Investment Advisors LLC increased its holdings in shares of América Móvil by 3.2% during the fourth quarter. American Trust Investment Advisors LLC now owns 158,255 shares of the Wireless communications provider's stock worth $2,265,000 after purchasing an additional 4,975 shares during the period. Parvin Asset Management LLC bought a new stake in shares of América Móvil in the fourth quarter valued at approximately $39,000. Finally, AQR Capital Management LLC grew its position in América Móvil by 23.8% during the fourth quarter. AQR Capital Management LLC now owns 378,649 shares of the Wireless communications provider's stock worth $5,418,000 after buying an additional 72,826 shares in the last quarter. Institutional investors own 6.30% of the company's stock.

Wall Street Analyst Weigh In

AMX has been the topic of a number of recent analyst reports. Scotiabank decreased 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 note on Thursday, February 13th. Hsbc Global Res upgraded América Móvil from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. HSBC raised shares of América Móvil from a "hold" rating to a "buy" rating and increased their target price for the stock from $15.50 to $17.50 in a report on Monday, April 14th. The Goldman Sachs Group decreased their price target on shares of América Móvil from $17.60 to $17.30 and set a "buy" rating on the stock in a report on Wednesday, February 19th. Finally, UBS Group cut shares of América Móvil from a "buy" rating to a "neutral" rating in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $17.22.

América Móvil Stock Performance

Shares of NYSE:AMX traded down $0.07 during midday trading on Thursday, reaching $17.32. The company had a trading volume of 1,376,066 shares, compared to its average volume of 1,919,678. The stock has a market cap of $52.57 billion, a P/E ratio of 35.35, a P/E/G ratio of 0.77 and a beta of 0.82. The company's 50 day moving average price is $16.05 and its 200 day moving average price is $15.03. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. América Móvil, S.A.B. de C.V. has a 52-week low of $13.10 and a 52-week high of $19.03.

América Móvil (NYSE:AMX - Get Free Report) last released 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 business 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%. As a group, sell-side analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.51 EPS 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.