Amundi Trims Stock Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Amundi cut its stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,978,361 shares of the Wireless communications provider’s stock after selling 27,645 shares during the quarter. Amundi owned approximately 0.06% of América Móvil worth $27,559,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AMX. Gateway Investment Advisers LLC boosted its stake in shares of América Móvil by 17.3% during the fourth 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 in the last quarter. Blue Trust Inc. boosted 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 valued at $79,000 after purchasing an additional 2,028 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in shares of América Móvil by 3.0% during the third quarter. Hantz Financial Services Inc. now owns 73,650 shares of the Wireless communications provider’s stock valued at $1,205,000 after purchasing an additional 2,177 shares in the last quarter. Spire Wealth Management bought a new position in shares of América Móvil during the fourth quarter valued at approximately $32,000. Finally, Crossmark Global Holdings Inc. boosted its stake in shares of América Móvil by 1.9% during the fourth quarter. Crossmark Global Holdings Inc. now owns 148,194 shares of the Wireless communications provider’s stock valued at $2,120,000 after purchasing an additional 2,732 shares in the last quarter. 6.30% of the stock is owned by hedge funds and other institutional investors.

América Móvil Trading Down 0.2 %

NYSE:AMX opened at $14.27 on Friday. América Móvil, S.A.B. de C.V. has a 12 month low of $13.63 and a 12 month high of $20.31. The firm has a fifty day simple moving average of $14.34 and a 200-day simple moving average of $15.22. 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 has a market capitalization of $43.79 billion, a P/E ratio of 29.11, a PEG ratio of 0.77 and a beta of 0.95.

América Móvil (NYSE:AMX) last posted its quarterly earnings data 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 6.38% and a net margin of 3.25%. On average, equities research analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on AMX. JPMorgan Chase & Co. lowered their target price on shares of 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 lowered their target price on shares of América Móvil from $17.60 to $17.30 and set a “buy” rating for the company in a research note on Wednesday, February 19th. Scotiabank lowered their target price on shares of 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. Finally, StockNews.com upgraded shares of América Móvil from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $17.15.

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.