América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Sold by Capital Group Private Client Services Inc.

Capital Group Private Client Services Inc. reduced its stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 13.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,996,865 shares of the Wireless communications provider’s stock after selling 305,690 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in América Móvil were worth $28,575,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AMX. Wellington Management Group LLP purchased a new position in shares of América Móvil during the 4th quarter worth $15,149,000. Robeco Institutional Asset Management B.V. grew its holdings in 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 buying an additional 1,050,203 shares during the period. ABC Arbitrage SA acquired a new position in shares of América Móvil during the 4th quarter valued at about $14,238,000. Russell Investments Group Ltd. lifted its holdings in shares of América Móvil by 373.5% during the 4th quarter. Russell Investments Group Ltd. now owns 809,021 shares of the Wireless communications provider’s stock worth $11,577,000 after acquiring an additional 638,159 shares during the period. Finally, Boston Partners purchased a new stake in América Móvil in the fourth quarter valued at approximately $2,211,000. Institutional investors and hedge funds own 6.30% of the company’s stock.

América Móvil Trading Up 5.8 %

Shares of AMX opened at $16.11 on Friday. América Móvil, S.A.B. de C.V. has a one year low of $13.10 and a one year high of $20.31. The stock has a 50-day moving average price of $14.48 and a 200 day moving average price of $14.84. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. The company has a market capitalization of $49.14 billion, a P/E ratio of 32.88, a P/E/G ratio of 0.77 and a beta of 0.79.

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 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%. Sell-side analysts forecast that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group decreased 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. HSBC upgraded América Móvil from a “hold” rating to a “buy” rating and raised their price objective for the stock from $15.50 to $17.50 in a report on Monday. JPMorgan Chase & Co. cut their price target on shares of América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Scotiabank dropped their price objective on shares of América Móvil from $17.30 to $13.70 and set a “sector perform” rating for the company in a research report on Thursday, February 13th. Finally, StockNews.com upgraded shares of América Móvil from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.