Stifel Financial Corp Has $1.70 Million Stock Holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Stifel Financial Corp cut its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Free Report) by 18.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,656 shares of the Wireless communications provider's stock after selling 26,629 shares during the quarter. Stifel Financial Corp's holdings in América Móvil were worth $1,698,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Transce3nd LLC bought a new stake in shares of América Móvil in the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. acquired a new position in shares of América Móvil during the 4th quarter valued at $29,000. Spire Wealth Management acquired a new position in shares of América Móvil during the fourth quarter valued at about $32,000. Farther Finance Advisors LLC boosted its position in shares of América Móvil by 82.5% during the fourth quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider's stock valued at $45,000 after buying an additional 1,414 shares during the last quarter. Finally, R Squared Ltd purchased a new position in shares of América Móvil in the 4th quarter worth approximately $49,000. Institutional investors and hedge funds own 6.30% of the company's stock.

América Móvil Stock Performance

Shares of América Móvil stock traded up $0.14 on Friday, hitting $17.00. The stock had a trading volume of 2,697,830 shares, compared to its average volume of 1,844,292. 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 company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. The company's 50 day moving average price is $15.20 and its 200 day moving average price is $14.90. The stock has a market cap of $51.85 billion, a price-to-earnings ratio of 34.69, a P/E/G ratio of 0.77 and a beta of 0.82.

América Móvil (NYSE:AMX - Get Free Report) last announced its earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by ($0.02). The business had revenue of $11.36 billion for the quarter, compared to analysts' expectations of $11.28 billion. América Móvil had a return on equity of 6.38% and a net margin of 3.25%. On average, research analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Scotiabank reduced their target price on América Móvil from $17.30 to $13.70 and set a "sector perform" rating for the company in a report on Thursday, February 13th. The Goldman Sachs Group cut their price objective 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. HSBC raised América Móvil from a "hold" rating to a "buy" rating and raised their price objective for the company from $15.50 to $17.50 in a research report on Monday, April 14th. Hsbc Global Res raised shares of América Móvil from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. Finally, StockNews.com upgraded shares of América Móvil from a "buy" rating to a "strong-buy" rating in a research note on Saturday, March 15th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.22.

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 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.