Invesco Ltd. Sells 8,186,912 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Invesco Ltd. decreased its stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 36.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,490,891 shares of the Wireless communications provider’s stock after selling 8,186,912 shares during the period. Invesco Ltd.’s holdings in América Móvil were worth $207,365,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quadrant Capital Group LLC grew its holdings in América Móvil by 84.2% during the 4th quarter. Quadrant Capital Group LLC now owns 9,208 shares of the Wireless communications provider’s stock worth $132,000 after acquiring an additional 4,209 shares during the period. Russell Investments Group Ltd. raised its stake in shares of América Móvil by 373.5% in the fourth quarter. Russell Investments Group Ltd. now owns 809,021 shares of the Wireless communications provider’s stock worth $11,577,000 after purchasing an additional 638,159 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of América Móvil during the 4th quarter worth $74,000. Wellington Management Group LLP bought a new stake in América Móvil in the fourth quarter worth about $15,149,000. Finally, IPG Investment Advisors LLC purchased a new position in América Móvil in the fourth quarter valued at approximately $168,000. Institutional investors and hedge funds own 6.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on AMX shares. Scotiabank dropped 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. JPMorgan Chase & Co. dropped their price objective 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 for the company in a research note on Wednesday, February 19th. Finally, StockNews.com upgraded América Móvil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.15.

América Móvil Stock Performance

Shares of AMX stock opened at $14.17 on Friday. The company has a market capitalization of $43.20 billion, a P/E ratio of 28.91, a PEG ratio of 0.77 and a beta of 0.79. América Móvil, S.A.B. de C.V. has a fifty-two week low of $13.10 and a fifty-two week high of $20.31. 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 stock has a 50 day moving average price of $14.41 and a two-hundred day moving average price of $14.86.

América Móvil (NYSE:AMX) last posted its quarterly earnings results 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%. Analysts expect that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current year.

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.