América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lowered its position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 35.5% during the fourth quarter, Holdings Channel reports. The fund owned 30,467 shares of the Wireless communications provider’s stock after selling 16,805 shares during the quarter. Quantbot Technologies LP’s holdings in América Móvil were worth $436,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Citigroup Inc. increased its position in América Móvil by 32.5% during the third quarter. Citigroup Inc. now owns 221,008 shares of the Wireless communications provider’s stock worth $3,616,000 after purchasing an additional 54,245 shares during the last quarter. FMR LLC increased its holdings in shares of América Móvil by 125.6% during the 3rd quarter. FMR LLC now owns 65,590 shares of the Wireless communications provider’s stock worth $1,073,000 after buying an additional 36,520 shares during the last quarter. FORA Capital LLC purchased a new position in shares of América Móvil in the 3rd quarter worth $519,000. Hantz Financial Services Inc. boosted its holdings in América Móvil by 3.0% in the third quarter. Hantz Financial Services Inc. now owns 73,650 shares of the Wireless communications provider’s stock valued at $1,205,000 after acquiring an additional 2,177 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its stake in América Móvil by 8.7% during the third quarter. Rockefeller Capital Management L.P. now owns 559,236 shares of the Wireless communications provider’s stock worth $9,151,000 after acquiring an additional 44,631 shares during the last quarter. 6.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. StockNews.com raised América Móvil from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 15th. The Goldman Sachs Group dropped their price objective on shares of América Móvil from $17.60 to $17.30 and set a “buy” rating for the company in a research report on Wednesday, February 19th. JPMorgan Chase & Co. reduced their target price on shares of América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Finally, Scotiabank lowered their price target on 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 assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, América Móvil presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.15.

América Móvil Price Performance

Shares of AMX stock opened at $14.41 on Friday. The firm has a fifty day simple moving average of $14.41 and a 200-day simple moving average of $15.05. The company has a market capitalization of $43.94 billion, a PE ratio of 29.40, a price-to-earnings-growth ratio of 0.77 and a beta of 0.95. América Móvil, S.A.B. de C.V. has a twelve month low of $13.63 and a twelve month high of $20.31. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90.

América Móvil (NYSE:AMX) last announced its 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 net margin of 3.25% and a return on equity of 6.38%. Equities research analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current fiscal year.

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.