América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. cut its position in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 82.4% during the fourth quarter, HoldingsChannel reports. The firm owned 129,803 shares of the Wireless communications provider’s stock after selling 606,304 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in América Móvil were worth $1,857,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Robeco Institutional Asset Management B.V. increased its holdings in América Móvil by 115.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,961,191 shares of the Wireless communications provider’s stock valued at $28,065,000 after buying an additional 1,050,203 shares during the last quarter. ABC Arbitrage SA acquired a new position in shares of América Móvil during the 4th quarter worth about $14,238,000. Barclays PLC increased its holdings in shares of América Móvil by 36,692.9% in the 3rd quarter. Barclays PLC now owns 150,115 shares of the Wireless communications provider’s stock valued at $2,456,000 after acquiring an additional 149,707 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of América Móvil during the 4th quarter worth about $1,386,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in América Móvil during the third quarter worth approximately $1,341,000. 6.30% of the stock is currently owned by institutional investors and hedge funds.

América Móvil Stock Performance

Shares of AMX stock opened at $14.30 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 stock’s 50-day moving average price is $14.35 and its 200 day moving average price is $15.15. 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 stock has a market capitalization of $43.60 billion, a PE ratio of 29.17, a price-to-earnings-growth ratio of 0.77 and a beta of 0.95.

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 return on equity of 6.38% and a net margin of 3.25%. As a group, equities research analysts forecast that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AMX shares. The Goldman Sachs Group dropped their price target 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. 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 research note on Thursday, January 16th. StockNews.com raised América Móvil from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Scotiabank reduced their price objective on América Móvil from $17.30 to $13.70 and set a “sector perform” rating for the company in a research note on Thursday, February 13th. One equities 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.15.

América Móvil 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.