Ethic Inc. Decreases Stock Holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Ethic Inc. lessened its holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 75.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,191 shares of the Wireless communications provider's stock after selling 33,964 shares during the period. Ethic Inc.'s holdings in América Móvil were worth $160,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Transce3nd LLC acquired a new stake in shares of América Móvil during the fourth quarter valued at $26,000. Lee Danner & Bass Inc. purchased a new position in América Móvil in the 4th quarter valued at about $29,000. Spire Wealth Management acquired a new stake in shares of América Móvil during the 4th quarter worth about $32,000. Parvin Asset Management LLC purchased a new stake in shares of América Móvil during the fourth quarter worth about $39,000. Finally, Farther Finance Advisors LLC grew its holdings 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 in the last quarter. 6.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Wall Street Zen initiated coverage on shares of América Móvil in a research report on Tuesday. They set a "strong-buy" rating on the stock. UBS Group cut América Móvil from a "buy" rating to a "neutral" rating in a report on Wednesday. The Goldman Sachs Group lowered their price objective on América Móvil from $17.60 to $17.30 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Scotiabank reduced their target price 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. Finally, 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. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $17.22.

América Móvil Trading Down 0.6%

Shares of AMX traded down $0.11 during mid-day trading on Thursday, reaching $17.48. The company had a trading volume of 5,338,797 shares, compared to its average volume of 1,900,661. América Móvil, S.A.B. de C.V. has a fifty-two week low of $13.10 and a fifty-two week high of $19.79. The firm has a fifty day simple moving average of $15.66 and a 200-day simple moving average of $14.96. The stock has a market cap of $53.04 billion, a price-to-earnings ratio of 35.67, a price-to-earnings-growth ratio of 0.77 and a beta of 0.82. 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 (NYSE:AMX - Get Free Report) last issued its earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.02). The firm had revenue of $11.36 billion during the quarter, compared to analyst estimates 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 fiscal 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.