Renaissance Technologies LLC Sells 39,900 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Renaissance Technologies LLC lowered its position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 2.1% in the fourth quarter, HoldingsChannel reports. The fund owned 1,905,828 shares of the Wireless communications provider’s stock after selling 39,900 shares during the period. Renaissance Technologies LLC’s holdings in América Móvil were worth $27,272,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AMX. The Goldman Sachs Group cut their target price on América Móvil from $17.60 to $17.30 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. 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 research report on Thursday, January 16th. StockNews.com upgraded shares of América Móvil from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 15th. Finally, Scotiabank cut their target price 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. One research 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.15.

América Móvil Stock Performance

Shares of AMX stock opened at $14.17 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. América Móvil, S.A.B. de C.V. has a 52 week low of $13.10 and a 52 week high of $20.31. The company’s 50 day moving average price is $14.41 and its two-hundred day moving average price is $14.86. The company has a market capitalization of $43.20 billion, a P/E ratio of 28.91, a price-to-earnings-growth ratio of 0.77 and a beta of 0.79.

América Móvil (NYSE:AMX) last issued 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 return on equity of 6.38% and a net margin of 3.25%. On average, analysts expect that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share 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.