Jane Street Group LLC Sells 101,937 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Jane Street Group LLC reduced its position in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 68.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,211 shares of the Wireless communications provider's stock after selling 101,937 shares during the quarter. Jane Street Group LLC's holdings in América Móvil were worth $661,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Farther Finance Advisors LLC raised its position in shares of América Móvil by 82.5% in the fourth quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider's stock worth $45,000 after acquiring an additional 1,414 shares during the period. Transce3nd LLC acquired a new stake in América Móvil during the 4th quarter worth approximately $26,000. Lee Danner & Bass Inc. purchased a new position in shares of América Móvil in the 4th quarter valued at $29,000. Blue Trust Inc. lifted its stake in shares of América Móvil by 57.8% in the 4th quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider's stock worth $79,000 after acquiring an additional 2,028 shares during the period. Finally, Spire Wealth Management acquired a new stake in shares of América Móvil in the fourth quarter valued at about $32,000. 6.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group lowered their price target on shares of América Móvil from $17.60 to $17.30 and set a "buy" rating for the company in a report on Wednesday, February 19th. Wall Street Zen upgraded shares of América Móvil from a "hold" rating to a "buy" rating in a research note on Wednesday. UBS Group lowered shares of América Móvil from a "buy" rating to a "neutral" rating in a research report on Wednesday, May 21st. Hsbc Global Res upgraded shares of América Móvil from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. Finally, Scotiabank reduced their price objective on shares of América Móvil from $17.30 to $13.70 and set a "sector perform" rating for the company in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.22.

América Móvil Stock Down 2.5%

NYSE:AMX traded down $0.44 during mid-day trading on Friday, reaching $16.89. The stock had a trading volume of 3,855,566 shares, compared to its average volume of 1,926,373. The business's 50 day moving average is $16.10 and its 200 day moving average is $15.04. América Móvil, S.A.B. de C.V. has a fifty-two week low of $13.10 and a fifty-two week high of $18.73. The stock has a market cap of $51.26 billion, a P/E ratio of 34.47, a PEG 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 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). América Móvil had a net margin of 3.25% and a return on equity of 6.38%. The company had revenue of $11.36 billion for the quarter, compared to analyst estimates of $11.28 billion. As a group, sell-side analysts predict that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current 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.