Robeco Institutional Asset Management B.V. Sells 686,796 Shares of America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Key Points

• Robeco Institutional Asset Management B.V. sold 686,796 shares of America Movil, reducing its stake by 42.2%, leaving it with 940,973 shares valued at approximately $16.88 million.
• Analysts have varying opinions on America Movil, with Citigroup downgrading it to "neutral," while several firms raised their price targets, indicating a consensus rating of "Moderate Buy" with an average target price of $18.77.
• Shares of America Movil opened at $20.95 and have seen a 1-year range between $13.10 and $21.52, while institutional ownership stands at 6.30%.

Robeco Institutional Asset Management B.V. trimmed its position in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Free Report) by 42.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 940,973 shares of the Wireless communications provider's stock after selling 686,796 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in America Movil were worth $16,881,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Garde Capital Inc. bought a new position in America Movil during the first quarter worth about $40,000. Maseco LLP bought a new stake in shares of America Movil in the second quarter worth about $54,000. Farther Finance Advisors LLC raised its position in shares of America Movil by 21.9% during the first quarter. Farther Finance Advisors LLC now owns 3,813 shares of the Wireless communications provider's stock worth $55,000 after purchasing an additional 685 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of America Movil during the 2nd quarter valued at about $82,000. Finally, Brooklyn Investment Group grew its position in shares of America Movil by 463.5% in the 1st quarter. Brooklyn Investment Group now owns 7,743 shares of the Wireless communications provider's stock valued at $110,000 after purchasing an additional 6,369 shares during the period. Institutional investors and hedge funds own 6.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on AMX shares. Citigroup downgraded shares of America Movil from a "buy" rating to a "neutral" rating and raised their target price for the stock from $20.00 to $22.00 in a report on Wednesday, September 10th. UBS Group boosted their price objective on shares of America Movil from $20.40 to $21.10 and gave the company a "neutral" rating in a research report on Monday, July 28th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of America Movil in a research note on Saturday, September 27th. JPMorgan Chase & Co. raised America Movil from an "underweight" rating to a "neutral" rating and lifted their price target for the company from $15.00 to $21.00 in a research note on Friday, August 8th. Finally, Wall Street Zen raised America Movil from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $18.77.

America Movil Stock Down 0.9%

Shares of AMX stock opened at $20.95 on Friday. The firm's fifty day moving average price is $19.67 and its two-hundred day moving average price is $17.66. The company has a current ratio of 0.75, a quick ratio of 0.70 and a debt-to-equity ratio of 1.02. America Movil, S.A.B. de C.V. Unsponsored ADR has a 1 year low of $13.10 and a 1 year high of $21.52. The firm has a market capitalization of $63.27 billion, a P/E ratio of 22.29 and a beta of 0.88.

America Movil (NYSE:AMX - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The Wireless communications provider reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.11). The company had revenue of $12.50 billion during the quarter, compared to the consensus estimate of $233.77 billion. America Movil had a net margin of 6.11% and a return on equity of 12.59%. On average, equities analysts predict that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 EPS for the current fiscal year.

About America Movil

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.

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