Todd Asset Management LLC Sells 209,512 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Todd Asset Management LLC cut its holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 17.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 982,137 shares of the Wireless communications provider's stock after selling 209,512 shares during the quarter. Todd Asset Management LLC's holdings in América Móvil were worth $18,189,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of AMX. Invesco Ltd. boosted its stake in shares of América Móvil by 17.8% in the third quarter. Invesco Ltd. now owns 28,592,356 shares of the Wireless communications provider's stock valued at $495,220,000 after buying an additional 4,322,228 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in América Móvil during the fourth quarter worth $20,341,000. Lazard Asset Management LLC grew its holdings in América Móvil by 9.1% in the third quarter. Lazard Asset Management LLC now owns 11,441,133 shares of the Wireless communications provider's stock valued at $198,159,000 after purchasing an additional 952,521 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of América Móvil by 152.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 948,193 shares of the Wireless communications provider's stock valued at $16,423,000 after buying an additional 572,752 shares in the last quarter. Finally, Westwood Global Investments LLC raised its stake in shares of América Móvil by 2.8% during the 3rd quarter. Westwood Global Investments LLC now owns 15,541,830 shares of the Wireless communications provider's stock worth $269,184,000 after buying an additional 424,035 shares during the last quarter. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AMX has been the subject of a number of research reports. Scotiabank lifted their target price on shares of América Móvil from $16.60 to $17.20 and gave the stock a "sector perform" rating in a research report on Thursday, April 25th. Jefferies Financial Group raised shares of América Móvil from a "hold" rating to a "buy" rating and raised their price target for the stock from $19.16 to $22.22 in a research note on Friday, February 16th. StockNews.com upgraded América Móvil from a "hold" rating to a "buy" rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. boosted their target price 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. Finally, The Goldman Sachs Group raised shares of América Móvil from a "neutral" rating to a "buy" rating and increased their price target for the stock from $21.00 to $22.00 in a research note on Monday, April 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $22.08.

América Móvil Stock Performance

Shares of NYSE:AMX traded up $0.47 during trading on Friday, hitting $19.34. 1,105,188 shares of the company traded hands, compared to its average volume of 1,244,333. The stock has a market capitalization of $60.05 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 1.33 and a beta of 0.96. The business's fifty day moving average is $18.73 and its 200-day moving average is $18.19. América Móvil, S.A.B. de C.V. has a one year low of $15.99 and a one year 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.

América Móvil (NYSE:AMX - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The Wireless communications provider reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.08. América Móvil had a return on equity of 13.93% and a net margin of 7.28%. The business had revenue of $11.45 billion during the quarter, compared to analyst estimates of $11.92 billion. As a group, equities analysts predict that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current fiscal year.

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.