Capital International Investors Has $886.24 Million Stake in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Capital International Investors lowered its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 2.9% during the fourth quarter, HoldingsChannel reports. The firm owned 61,941,466 shares of the Wireless communications provider’s stock after selling 1,874,712 shares during the quarter. Capital International Investors’ holdings in América Móvil were worth $886,237,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Robeco Institutional Asset Management B.V. raised its holdings in América Móvil by 115.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,961,191 shares of the Wireless communications provider’s stock worth $28,065,000 after buying an additional 1,050,203 shares during the period. Capital International Sarl raised its holdings in shares of América Móvil by 2.4% during the fourth quarter. Capital International Sarl now owns 1,207,240 shares of the Wireless communications provider’s stock worth $17,276,000 after acquiring an additional 28,676 shares during the period. American Century Companies Inc. raised its holdings in shares of América Móvil by 5.8% during the fourth quarter. American Century Companies Inc. now owns 1,069,640 shares of the Wireless communications provider’s stock worth $15,307,000 after acquiring an additional 58,934 shares during the period. Wellington Management Group LLP bought a new stake in América Móvil in the 4th quarter valued at $15,149,000. Finally, ABC Arbitrage SA bought a new position in América Móvil during the 4th quarter worth about $14,238,000. Institutional investors own 6.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on AMX. The Goldman Sachs Group cut their price target on América Móvil from $17.60 to $17.30 and set a “buy” rating on the stock in a report on Wednesday, February 19th. HSBC upgraded América Móvil from a “hold” rating to a “buy” rating and boosted their target price for the company from $15.50 to $17.50 in a research note on Monday, April 14th. Scotiabank lowered their price objective on shares of América Móvil from $17.30 to $13.70 and set a “sector perform” rating on the stock in a report on Thursday, February 13th. StockNews.com raised shares of América Móvil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 15th. Finally, Hsbc Global Res raised shares of América Móvil from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.22.

América Móvil Price Performance

NYSE:AMX opened at $16.11 on Friday. The stock has a market capitalization of $49.14 billion, a PE ratio of 32.88, a P/E/G ratio of 0.77 and a beta of 0.79. América Móvil, S.A.B. de C.V. has a 1-year low of $13.10 and a 1-year high of $20.31. The firm has a fifty day simple moving average of $14.51 and a 200 day simple moving average of $14.84. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90.

América Móvil (NYSE:AMX) last announced its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.15 EPS for the quarter, missing analysts’ consensus estimates 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, research analysts expect that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current fiscal year.

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.