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

Ethic Inc. trimmed its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 75.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Transce3nd LLC acquired a new position in América Móvil in the 4th quarter valued at about $26,000. Lee Danner & Bass Inc. acquired a new stake in América Móvil during the 4th quarter worth approximately $29,000. Spire Wealth Management bought a new stake in América Móvil in the 4th quarter valued at $32,000. Parvin Asset Management LLC acquired a new position in América Móvil in the 4th quarter valued at $39,000. Finally, Farther Finance Advisors LLC increased its position in América Móvil by 82.5% during the 4th 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 during the period. Institutional investors own 6.30% of the company's stock.

América Móvil Price Performance

NYSE AMX traded up $0.06 on Friday, hitting $17.53. 1,386,812 shares of the company's stock were exchanged, compared to its average volume of 1,906,673. 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 $19.43. The stock has a market cap of $53.20 billion, a price-to-earnings ratio of 35.78, a P/E/G ratio of 0.77 and a beta of 0.82. The stock has a 50-day moving average of $15.78 and a 200-day moving average of $14.97.

América Móvil (NYSE:AMX - Get Free Report) last posted its quarterly 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 company 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%. Analysts expect that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on AMX shares. Wall Street Zen started coverage on shares of América Móvil in a research note on Tuesday. They issued a "strong-buy" rating on the stock. UBS Group downgraded shares of América Móvil from a "buy" rating to a "neutral" rating in a research report on Wednesday. The Goldman Sachs Group cut their price target on América Móvil from $17.60 to $17.30 and set a "buy" rating for the company in a research note on Wednesday, February 19th. Hsbc Global Res raised América Móvil from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. Finally, 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 report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, América Móvil currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.22.

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.