Allspring Global Investments Holdings LLC Sells 82,110 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Allspring Global Investments Holdings LLC decreased its position in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,283,247 shares of the Wireless communications provider's stock after selling 82,110 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.26% of América Móvil worth $153,406,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AMX. Raymond James Financial Services Advisors Inc. raised its position in shares of América Móvil by 4.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 32,254 shares of the Wireless communications provider's stock valued at $682,000 after purchasing an additional 1,374 shares during the period. HighTower Advisors LLC raised its position in shares of América Móvil by 3.8% in the first quarter. HighTower Advisors LLC now owns 17,406 shares of the Wireless communications provider's stock valued at $367,000 after purchasing an additional 640 shares during the period. Citigroup Inc. raised its position in shares of América Móvil by 92.3% in the first quarter. Citigroup Inc. now owns 86,722 shares of the Wireless communications provider's stock valued at $1,834,000 after purchasing an additional 41,636 shares during the period. PNC Financial Services Group Inc. raised its position in shares of América Móvil by 3.3% in the first quarter. PNC Financial Services Group Inc. now owns 42,304 shares of the Wireless communications provider's stock valued at $895,000 after purchasing an additional 1,353 shares during the period. Finally, Natixis Advisors L.P. increased its position in América Móvil by 8.3% during the first quarter. Natixis Advisors L.P. now owns 84,614 shares of the Wireless communications provider's stock worth $1,790,000 after acquiring an additional 6,514 shares during the period. Institutional investors own 6.30% of the company's stock.

América Móvil Stock Performance

AMX traded down $0.15 during trading on Tuesday, reaching $18.94. 1,116,644 shares of the company's stock were exchanged, compared to its average volume of 1,418,635. América Móvil, S.A.B. de C.V. has a fifty-two week low of $15.99 and a fifty-two week high of $23.07. The company has a quick ratio of 0.63, a current ratio of 0.67 and a debt-to-equity ratio of 0.83. The business has a 50 day moving average price of $18.54 and a 200 day moving average price of $18.01. The company has a market capitalization of $59.19 billion, a P/E ratio of 14.13, a PEG ratio of 1.50 and a beta of 0.98.

América Móvil (NYSE:AMX - Get Free Report) last issued its earnings results on Tuesday, February 13th. The Wireless communications provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.25 by $0.08. América Móvil had a net margin of 9.18% and a return on equity of 18.02%. The company had revenue of $11.45 billion for the quarter, compared to the consensus estimate of $11.92 billion. As a group, analysts predict that América Móvil, S.A.B. de C.V. will post 1.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AMX shares. StockNews.com raised shares of América Móvil from a "hold" rating to a "buy" rating in a research report on Thursday, February 15th. UBS Group boosted their target price on shares of América Móvil from $21.00 to $22.80 and gave the stock a "buy" rating in a research report on Tuesday, January 16th. JPMorgan Chase & Co. boosted their target price on shares of América Móvil from $15.00 to $17.50 and gave the stock an "underweight" rating in a research report on Monday, April 1st. The Goldman Sachs Group boosted their target price on shares of América Móvil from $19.50 to $21.00 and gave the stock a "neutral" rating in a research report on Monday, February 26th. Finally, Jefferies Financial Group upgraded shares of América Móvil from a "hold" rating to a "buy" rating and lifted their price target for the stock from $19.16 to $22.22 in a research note on Friday, February 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.57.

América Móvil 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 also 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.