Allspring Global Investments Holdings LLC Has $80.75 Million Holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Allspring Global Investments Holdings LLC cut its position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 4.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,599,968 shares of the Wireless communications provider’s stock after selling 251,142 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.18% of América Móvil worth $80,752,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. lifted its position in shares of América Móvil by 115.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,961,191 shares of the Wireless communications provider’s stock valued at $28,065,000 after acquiring an additional 1,050,203 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in América Móvil by 76.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 736,107 shares of the Wireless communications provider’s stock valued at $12,043,000 after purchasing an additional 317,800 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of América Móvil by 1,545.1% in the third quarter. International Assets Investment Management LLC now owns 185,702 shares of the Wireless communications provider’s stock valued at $30,380,000 after purchasing an additional 174,414 shares in the last quarter. Barclays PLC boosted its position in shares of América Móvil by 36,692.9% in the third quarter. Barclays PLC now owns 150,115 shares of the Wireless communications provider’s stock worth $2,456,000 after buying an additional 149,707 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of América Móvil during the third quarter valued at $1,341,000. 6.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group reduced their price objective on América Móvil from $17.80 to $17.60 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Scotiabank reduced their price target on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a research report on Wednesday, October 16th. JPMorgan Chase & Co. lowered their price objective on shares of América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Finally, StockNews.com upgraded shares of América Móvil from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $18.94.

América Móvil Trading Up 0.5 %

NYSE:AMX opened at $14.80 on Thursday. The company has a market capitalization of $45.44 billion, a P/E ratio of 22.09, a P/E/G ratio of 0.75 and a beta of 0.93. The stock’s 50 day moving average price is $14.33 and its 200 day moving average price is $15.55. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. América Móvil, S.A.B. de C.V. has a 52 week low of $13.63 and a 52 week high of $20.31.

América Móvil (NYSE:AMX) last announced 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 return on equity of 8.61% and a net margin of 4.45%. On average, research analysts forecast that América Móvil, S.A.B. de C.V. will post 0.69 EPS 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 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.