Capital International Inc. CA Has $38.11 Million Holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Capital International Inc. CA trimmed its position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 6.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,662,989 shares of the Wireless communications provider’s stock after selling 169,453 shares during the period. Capital International Inc. CA’s holdings in América Móvil were worth $38,107,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Lee Danner & Bass Inc. bought a new stake in shares of América Móvil during the 4th quarter worth approximately $29,000. Spire Wealth Management acquired a new position in América Móvil during the fourth quarter valued at approximately $32,000. Farther Finance Advisors LLC lifted its stake in América Móvil by 82.5% during the fourth quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider’s stock worth $45,000 after purchasing an additional 1,414 shares during the last quarter. R Squared Ltd acquired a new stake in shares of América Móvil in the 4th quarter valued at $49,000. Finally, Raleigh Capital Management Inc. bought a new position in shares of América Móvil in the 4th quarter valued at $57,000. 6.30% of the stock is owned by institutional investors.

América Móvil Stock Performance

NYSE AMX opened at $16.11 on Friday. The company has a market capitalization of $49.14 billion, a price-to-earnings ratio of 32.88, a PEG ratio of 0.77 and a beta of 0.79. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. América Móvil, S.A.B. de C.V. has a twelve month low of $13.10 and a twelve month high of $20.31. The stock has a fifty day simple moving average of $14.51 and a 200 day simple moving average of $14.84.

América Móvil (NYSE:AMX) last issued 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%. Sell-side analysts expect that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current year.

Analyst Upgrades and Downgrades

AMX has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. StockNews.com raised shares of América Móvil from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 15th. The Goldman Sachs Group decreased their target price on shares of América Móvil from $17.60 to $17.30 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. HSBC upgraded América Móvil from a “hold” rating to a “buy” rating and increased their price target for the company from $15.50 to $17.50 in a research note on Monday, April 14th. Finally, Scotiabank reduced their price objective on América Móvil from $17.30 to $13.70 and set a “sector perform” rating on the stock in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.