Teacher Retirement System of Texas Decreases Stock Holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Teacher Retirement System of Texas reduced its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 14.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 821,100 shares of the Wireless communications provider’s stock after selling 135,300 shares during the quarter. Teacher Retirement System of Texas’ holdings in América Móvil were worth $11,750,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AMX. Connor Clark & Lunn Investment Management Ltd. grew its holdings in América Móvil by 76.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 736,107 shares of the Wireless communications provider’s stock valued at $12,043,000 after purchasing an additional 317,800 shares in the last quarter. Citigroup Inc. grew its holdings in América Móvil by 32.5% during the 3rd quarter. Citigroup Inc. now owns 221,008 shares of the Wireless communications provider’s stock valued at $3,616,000 after purchasing an additional 54,245 shares in the last quarter. FMR LLC grew its holdings in América Móvil by 125.6% during the 3rd quarter. FMR LLC now owns 65,590 shares of the Wireless communications provider’s stock valued at $1,073,000 after purchasing an additional 36,520 shares in the last quarter. FORA Capital LLC acquired a new stake in América Móvil during the 3rd quarter valued at $519,000. Finally, Hantz Financial Services Inc. grew its holdings in América Móvil by 3.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 73,650 shares of the Wireless communications provider’s stock valued at $1,205,000 after purchasing an additional 2,177 shares in the last quarter. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

América Móvil Price Performance

Shares of AMX stock opened at $14.09 on Friday. The firm has a market cap of $42.96 billion, a P/E ratio of 28.74, a P/E/G ratio of 0.77 and a beta of 0.95. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. América Móvil, S.A.B. de C.V. has a 1-year low of $13.63 and a 1-year high of $20.31. The firm has a fifty day moving average of $14.37 and a two-hundred day moving average of $15.12.

América Móvil (NYSE:AMX) last posted its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share (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%. As a group, research analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AMX shares. The Goldman Sachs Group lowered their price target on shares of América Móvil from $17.60 to $17.30 and set a “buy” rating for the company in a report on Wednesday, February 19th. StockNews.com raised shares of América Móvil from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 15th. JPMorgan Chase & Co. decreased their price objective on shares of América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. Finally, Scotiabank decreased 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 report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, América Móvil currently has a consensus rating of “Moderate Buy” and an average price target of $17.15.

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.