América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,905,828 shares of the Wireless communications provider's stock after selling 39,900 shares during the period. Renaissance Technologies LLC owned 0.06% of América Móvil worth $27,272,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in América Móvil by 82.5% in the 4th quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider's stock valued at $45,000 after acquiring an additional 1,414 shares during the period. Gateway Investment Advisers LLC grew its stake in shares of América Móvil by 17.3% in the 4th quarter. Gateway Investment Advisers LLC now owns 12,835 shares of the Wireless communications provider's stock valued at $184,000 after purchasing an additional 1,893 shares during the last quarter. Lee Danner & Bass Inc. acquired a new position in shares of América Móvil in the fourth quarter valued at approximately $29,000. Blue Trust Inc. raised its stake in shares of América Móvil by 57.8% during the fourth quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider's stock worth $79,000 after purchasing an additional 2,028 shares during the last quarter. Finally, Spire Wealth Management acquired a new stake in shares of América Móvil during the fourth quarter worth $32,000. Hedge funds and other institutional investors own 6.30% of the company's stock.

América Móvil Price Performance

Shares of América Móvil stock traded up $0.88 on Friday, hitting $16.11. The company's stock had a trading volume of 3,224,972 shares, compared to its average volume of 1,757,013. The company has a market capitalization of $49.14 billion, a P/E ratio of 32.88, a price-to-earnings-growth ratio of 0.77 and a beta of 0.79. América Móvil, S.A.B. de C.V. has a 52-week low of $13.10 and a 52-week high of $20.31. The firm has a fifty day moving average price of $14.48 and a 200-day moving average price of $14.84. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90.

América Móvil (NYSE:AMX - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.27). América Móvil had a net margin of 3.25% and a return on equity of 6.38%. On average, equities research analysts expect that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. HSBC raised shares of América Móvil from a "hold" rating to a "buy" rating and boosted their price objective for the company from $15.50 to $17.50 in a research note on Monday. StockNews.com upgraded shares of América Móvil from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 15th. The Goldman Sachs Group dropped their target price on América Móvil from $17.60 to $17.30 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. JPMorgan Chase & Co. reduced their price target on América Móvil from $17.00 to $15.00 and set an "underweight" rating for the company in a report on Thursday, January 16th. Finally, Scotiabank cut their price objective on 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 analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, América Móvil currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.22.

About América Móvil

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.