América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Sold by Todd Asset Management LLC

Todd Asset Management LLC lessened its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 0.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 811,511 shares of the Wireless communications provider’s stock after selling 4,253 shares during the period. Todd Asset Management LLC’s holdings in América Móvil were worth $11,613,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC increased its stake in América Móvil by 125.6% in the third 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 during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of América Móvil by 55.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,872 shares of the Wireless communications provider’s stock valued at $243,000 after buying an additional 6,033 shares during the last quarter. ABS Direct Equity Fund LLC raised its stake in América Móvil by 21.4% during the 3rd quarter. ABS Direct Equity Fund LLC now owns 413,922 shares of the Wireless communications provider’s stock worth $6,772,000 after acquiring an additional 73,022 shares in the last quarter. Blue Trust Inc. lifted its position in América Móvil by 57.8% in the fourth quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider’s stock valued at $79,000 after acquiring an additional 2,028 shares during the last quarter. Finally, Empirical Asset Management LLC acquired a new position in América Móvil in the fourth quarter valued at $487,000. Hedge funds and other institutional investors own 6.30% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on AMX shares. Scotiabank cut their target price 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. JPMorgan Chase & Co. cut their price target on América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. The Goldman Sachs Group reduced their price objective on 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 shares of América Móvil from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.15.

América Móvil Stock Down 0.1 %

AMX opened at $14.48 on Wednesday. América Móvil, S.A.B. de C.V. has a 52 week low of $13.63 and a 52 week high of $20.31. The business has a 50 day moving average price of $14.30 and a two-hundred day moving average price of $15.43. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. The company has a market cap of $44.44 billion, a PE ratio of 29.54, a P/E/G ratio of 0.77 and a beta of 0.94.

América Móvil (NYSE:AMX) last released its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 EPS for the quarter, missing the consensus estimate 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 EPS for the current 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.