Asset Management One Co. Ltd. Has $2.44 Million Holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Asset Management One Co. Ltd. cut its stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 33.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 132,790 shares of the Wireless communications provider’s stock after selling 67,900 shares during the quarter. Asset Management One Co. Ltd.’s holdings in América Móvil were worth $2,438,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AMX. Raymond James Financial Services Advisors Inc. boosted its stake in América Móvil by 4.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 32,254 shares of the Wireless communications provider’s stock worth $682,000 after acquiring an additional 1,374 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of América Móvil by 3.8% in the first quarter. HighTower Advisors LLC now owns 17,406 shares of the Wireless communications provider’s stock valued at $367,000 after buying an additional 640 shares in the last quarter. Citigroup Inc. lifted its stake in shares of América Móvil by 92.3% in the first quarter. Citigroup Inc. now owns 86,722 shares of the Wireless communications provider’s stock valued at $1,834,000 after buying an additional 41,636 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of América Móvil by 3.3% in the first quarter. PNC Financial Services Group Inc. now owns 42,304 shares of the Wireless communications provider’s stock valued at $895,000 after buying an additional 1,353 shares in the last quarter. Finally, Natixis Advisors L.P. lifted its position in shares of América Móvil by 8.3% during the first quarter. Natixis Advisors L.P. now owns 84,614 shares of the Wireless communications provider’s stock valued at $1,790,000 after purchasing an additional 6,514 shares in the last quarter. 6.30% of the stock is owned by institutional investors.

América Móvil Stock Performance

NYSE AMX opened at $18.06 on Friday. The company has a market capitalization of $56.44 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 1.49 and a beta of 0.98. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.63 and a current ratio of 0.67. The company has a 50-day simple moving average of $18.55 and a 200 day simple moving average of $18.02. América Móvil, S.A.B. de C.V. has a 52-week low of $15.99 and a 52-week high of $23.07.

América Móvil (NYSE:AMX) last released its quarterly earnings data on Tuesday, February 13th. The Wireless communications provider reported $0.33 EPS for the quarter, topping the consensus estimate of $0.25 by $0.08. América Móvil had a net margin of 9.18% and a return on equity of 18.02%. The company had revenue of $11.45 billion during the quarter, compared to the consensus estimate of $11.92 billion. On average, research analysts predict that América Móvil, S.A.B. de C.V. will post 1.54 EPS for the current year.

Wall Street Analysts Forecast Growth

AMX has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised their price target on shares of América Móvil from $19.50 to $21.00 and gave the company a “neutral” rating in a research report on Monday, February 26th. StockNews.com raised shares of América Móvil from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. Jefferies Financial Group raised shares of América Móvil from a “hold” rating to a “buy” rating and raised their price target for the company from $19.16 to $22.22 in a research report on Friday, February 16th. JPMorgan Chase & Co. raised their price target on shares of América Móvil from $15.00 to $17.50 and gave the company an “underweight” rating in a research report on Monday, April 1st. Finally, UBS Group raised their price objective on shares of América Móvil from $21.00 to $22.80 and gave the stock a “buy” rating in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $22.57.

About América Móvil

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 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.