América Móvil, S.A.B. de C.V. (NYSE:AMX) Stake Decreased by Commerce Bank

Commerce Bank lessened its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMXFree Report) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,154 shares of the Wireless communications provider’s stock after selling 621 shares during the period. Commerce Bank’s holdings in América Móvil were worth $188,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Invesco Ltd. raised its holdings in shares of América Móvil by 17.8% during the third quarter. Invesco Ltd. now owns 28,592,356 shares of the Wireless communications provider’s stock valued at $495,220,000 after buying an additional 4,322,228 shares during the last quarter. Westwood Global Investments LLC raised its holdings in América Móvil by 2.8% during the third quarter. Westwood Global Investments LLC now owns 15,541,830 shares of the Wireless communications provider’s stock worth $269,184,000 after purchasing an additional 424,035 shares in the last quarter. Lazard Asset Management LLC raised its holdings in América Móvil by 9.1% during the third quarter. Lazard Asset Management LLC now owns 11,441,133 shares of the Wireless communications provider’s stock worth $198,159,000 after purchasing an additional 952,521 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in América Móvil during the fourth quarter worth approximately $20,341,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in América Móvil by 152.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 948,193 shares of the Wireless communications provider’s stock worth $16,423,000 after purchasing an additional 572,752 shares in the last quarter. Institutional investors own 6.30% of the company’s stock.

América Móvil Trading Down 2.0 %

América Móvil stock opened at $18.54 on Monday. América Móvil, S.A.B. de C.V. has a 1 year low of $15.99 and a 1 year high of $22.85. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.61 and a current ratio of 0.65. The firm has a market cap of $57.57 billion, a price-to-earnings ratio of 17.17, a price-to-earnings-growth ratio of 1.11 and a beta of 0.96. The firm’s 50 day moving average price is $18.97 and its two-hundred day moving average price is $18.57.

América Móvil (NYSE:AMXGet Free Report) last posted its quarterly earnings data on Tuesday, April 16th. The Wireless communications provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.17). América Móvil had a return on equity of 13.93% and a net margin of 7.28%. The firm had revenue of $11.98 billion for the quarter, compared to analysts’ expectations of $11.96 billion. On average, research analysts predict that América Móvil, S.A.B. de C.V. will post 1.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMX has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on América Móvil from $15.00 to $17.50 and gave the stock an “underweight” rating in a report on Monday, April 1st. Scotiabank boosted their target price on América Móvil from $16.60 to $17.20 and gave the stock a “sector perform” rating in a report on Thursday, April 25th. Jefferies Financial Group raised América Móvil from a “hold” rating to a “buy” rating and boosted their target price for the stock from $19.16 to $22.22 in a report on Friday, February 16th. StockNews.com upgraded shares of América Móvil from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. Finally, The Goldman Sachs Group upgraded shares of América Móvil from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $21.00 to $22.00 in a research report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, América Móvil currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.47.

Get Our Latest Stock Analysis on América Móvil

América Móvil Company Profile

(Free Report)

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.

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

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