Blue Trust Inc. Has $36,000 Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Blue Trust Inc. lowered its holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 27.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,544 shares of the Wireless communications provider’s stock after selling 963 shares during the period. Blue Trust Inc.’s holdings in América Móvil were worth $36,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Allworth Financial LP grew its stake in shares of América Móvil by 46.1% in the 3rd quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock valued at $81,000 after buying an additional 1,567 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in América Móvil by 5.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,839 shares of the Wireless communications provider’s stock valued at $178,000 after acquiring an additional 608 shares during the last quarter. Valmark Advisers Inc. acquired a new stake in América Móvil in the third quarter valued at approximately $210,000. Robeco Institutional Asset Management B.V. increased its stake in shares of América Móvil by 19.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 910,988 shares of the Wireless communications provider’s stock worth $14,904,000 after purchasing an additional 151,114 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its stake in shares of América Móvil by 7.5% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 145,462 shares of the Wireless communications provider’s stock worth $2,380,000 after purchasing an additional 10,150 shares during the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

Analyst Ratings Changes

AMX has been the subject of a number of recent research reports. The Goldman Sachs Group decreased their price objective 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. JPMorgan Chase & Co. decreased their price target on 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 lowered América Móvil from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Finally, Scotiabank reduced their target price 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 equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, América Móvil has a consensus rating of “Hold” and a consensus price target of $17.15.

América Móvil Stock Down 1.1 %

AMX opened at $14.42 on Friday. The firm has a market cap of $44.25 billion, a price-to-earnings ratio of 29.42, a PEG ratio of 0.77 and a beta of 0.94. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. The firm’s 50-day simple moving average is $14.31 and its 200-day simple moving average is $15.41. América Móvil, S.A.B. de C.V. has a twelve month low of $13.63 and a twelve month high of $20.31.

América Móvil (NYSE:AMX) last issued its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share (EPS) 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 EPS 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.