Asset Management One Co. Ltd. Trims Stock Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Asset Management One Co. Ltd. reduced its stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 33.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 132,790 shares of the Wireless communications provider's stock after selling 67,900 shares during the quarter. Asset Management One Co. Ltd.'s holdings in América Móvil were worth $2,438,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. grew its position in shares of América Móvil by 4.4% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 32,254 shares of the Wireless communications provider's stock worth $682,000 after buying an additional 1,374 shares during the period. HighTower Advisors LLC boosted its stake in América Móvil by 3.8% in the 1st quarter. HighTower Advisors LLC now owns 17,406 shares of the Wireless communications provider's stock worth $367,000 after purchasing an additional 640 shares in the last quarter. Citigroup Inc. boosted its stake in América Móvil by 92.3% in the 1st quarter. Citigroup Inc. now owns 86,722 shares of the Wireless communications provider's stock worth $1,834,000 after purchasing an additional 41,636 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in América Móvil by 3.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 42,304 shares of the Wireless communications provider's stock worth $895,000 after purchasing an additional 1,353 shares in the last quarter. Finally, Natixis Advisors L.P. lifted its stake in América Móvil by 8.3% during the 1st quarter. Natixis Advisors L.P. now owns 84,614 shares of the Wireless communications provider's stock valued at $1,790,000 after acquiring an additional 6,514 shares during the period. 6.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

América Móvil Trading Down 2.6 %

Shares of NYSE:AMX traded down $0.48 during trading hours on Friday, hitting $18.05. 797,716 shares of the company's stock traded hands, compared to its average volume of 1,033,381. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.67 and a quick ratio of 0.63. The business has a fifty day moving average price of $18.55 and a 200-day moving average price of $18.03. América Móvil, S.A.B. de C.V. has a 1 year low of $15.99 and a 1 year high of $23.07. The firm has a market capitalization of $56.41 billion, a P/E ratio of 13.47, a price-to-earnings-growth ratio of 1.49 and a beta of 0.98.

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