América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC lessened its stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMXGet Rating) by 4.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,805 shares of the Wireless communications provider’s stock after selling 833 shares during the quarter. Kestra Advisory Services LLC’s holdings in América Móvil were worth $377,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Allworth Financial LP lifted its stake in shares of América Móvil by 71.4% during the first quarter. Allworth Financial LP now owns 1,368 shares of the Wireless communications provider’s stock worth $29,000 after purchasing an additional 570 shares in the last quarter. Alpha Cubed Investments LLC lifted its stake in shares of América Móvil by 32.2% during the first quarter. Alpha Cubed Investments LLC now owns 38,775 shares of the Wireless communications provider’s stock worth $820,000 after purchasing an additional 9,452 shares in the last quarter. Henry James International Management Inc. lifted its stake in shares of América Móvil by 1.6% during the first quarter. Henry James International Management Inc. now owns 270,370 shares of the Wireless communications provider’s stock worth $5,718,000 after purchasing an additional 4,212 shares in the last quarter. CWM LLC lifted its stake in shares of América Móvil by 25.5% during the first quarter. CWM LLC now owns 11,309 shares of the Wireless communications provider’s stock worth $239,000 after purchasing an additional 2,297 shares in the last quarter. Finally, Shilanski & Associates Inc. acquired a new position in shares of América Móvil during the first quarter worth about $219,000. Institutional investors and hedge funds own 6.02% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on AMX. StockNews.com cut América Móvil from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 2nd. Barclays cut their price target on América Móvil from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, July 14th. Finally, Citigroup began coverage on América Móvil in a research note on Wednesday, June 1st. They issued a “neutral” rating on the stock. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $20.25.

América Móvil Stock Up 0.9 %

Shares of América Móvil stock opened at $18.68 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 0.95. The firm has a market cap of $59.98 billion, a P/E ratio of 6.38, a P/E/G ratio of 0.54 and a beta of 0.92. América Móvil, S.A.B. de C.V. has a fifty-two week low of $15.63 and a fifty-two week high of $22.65. The business has a 50-day moving average price of $20.12 and a 200 day moving average price of $19.88.

América Móvil (NYSE:AMXGet Rating) last announced its quarterly earnings data on Tuesday, July 12th. The Wireless communications provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.18). The firm had revenue of $10.86 billion during the quarter, compared to the consensus estimate of $10.74 billion. América Móvil had a net margin of 21.24% and a return on equity of 20.04%. On average, sell-side analysts forecast that América Móvil, S.A.B. de C.V. will post 1.33 earnings per share for the current fiscal year.

About América Móvil

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América Móvil, SAB. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including local, domestic, and international long-distance services; and network interconnection services. It also 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.

Further Reading

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Institutional Ownership by Quarter for América Móvil (NYSE:AMX)

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