Henry James International Management Inc. Sells 746 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Henry James International Management Inc. lowered its stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 142,543 shares of the Wireless communications provider’s stock after selling 746 shares during the quarter. Henry James International Management Inc.’s holdings in América Móvil were worth $2,040,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMX. Spire Wealth Management acquired a new position in shares of América Móvil in the fourth quarter valued at approximately $32,000. R Squared Ltd acquired a new stake in América Móvil during the fourth quarter worth approximately $49,000. Raleigh Capital Management Inc. bought a new stake in América Móvil in the fourth quarter worth approximately $57,000. Blue Trust Inc. increased its holdings in América Móvil by 195.9% in the third quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock worth $60,000 after purchasing an additional 2,322 shares in the last quarter. Finally, Modus Advisors LLC acquired a new position in América Móvil in the fourth quarter valued at approximately $80,000. Institutional investors own 6.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on AMX. JPMorgan Chase & Co. reduced their target price on América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. The Goldman Sachs Group cut their price target on shares of América Móvil from $17.60 to $17.30 and set a “buy” rating on the stock in a report on Wednesday, February 19th. StockNews.com cut shares of América Móvil from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Finally, Scotiabank cut their price target on América Móvil from $17.30 to $13.70 and set a “sector perform” rating for the company in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, América Móvil currently has an average rating of “Hold” and an average target price of $17.15.

América Móvil Stock Down 1.4 %

Shares of NYSE AMX opened at $14.23 on Friday. The business has a 50-day simple moving average of $14.31 and a two-hundred day simple moving average of $15.39. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. The company has a market cap of $43.67 billion, a P/E ratio of 29.03, a P/E/G ratio of 0.77 and a beta of 0.93. 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 released its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share 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%. Research analysts anticipate 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 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.