Schroder Investment Management Group Sells 2,343,887 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Schroder Investment Management Group reduced its position in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 93.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 165,972 shares of the Wireless communications provider’s stock after selling 2,343,887 shares during the period. Schroder Investment Management Group’s holdings in América Móvil were worth $2,375,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Lee Danner & Bass Inc. purchased a new position in América Móvil during the 4th quarter valued at about $29,000. Spire Wealth Management bought a new position in shares of América Móvil during the fourth quarter valued at approximately $32,000. Farther Finance Advisors LLC boosted its stake in shares of América Móvil by 82.5% during the fourth 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 in the last quarter. R Squared Ltd purchased a new position in América Móvil during the fourth quarter valued at approximately $49,000. Finally, Raleigh Capital Management Inc. bought a new position in América Móvil in the fourth quarter worth approximately $57,000. 6.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. 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 report on Thursday, January 16th. 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 note on Thursday, February 13th. The Goldman Sachs Group decreased their price target 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. Finally, StockNews.com raised shares of América Móvil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, América Móvil has an average rating of “Moderate Buy” and a consensus price target of $17.15.

América Móvil Trading Down 5.9 %

Shares of NYSE:AMX opened at $14.12 on Monday. The business’s 50-day moving average is $14.46 and its 200 day moving average is $14.96. 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 market capitalization of $43.07 billion, a P/E ratio of 28.82, a P/E/G ratio of 0.77 and a beta of 0.79.

América Móvil (NYSE:AMX) last released its earnings results 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, research analysts predict that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current fiscal year.

América Móvil Company 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.