JPMorgan Chase & Co. Trims Stake in América Móvil, S.A.B. de C.V. (NYSE:AMX)

JPMorgan Chase & Co. lessened its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 35.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 546,552 shares of the Wireless communications provider’s stock after selling 294,783 shares during the quarter. JPMorgan Chase & Co.’s holdings in América Móvil were worth $7,821,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lee Danner & Bass Inc. purchased a new position in América Móvil during the fourth quarter valued at approximately $29,000. Spire Wealth Management bought a new stake in shares of América Móvil during the 4th quarter valued at $32,000. Farther Finance Advisors LLC raised its position in shares of América Móvil by 82.5% during the 4th 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 during the period. R Squared Ltd bought a new position in América Móvil in the 4th quarter worth $49,000. Finally, Raleigh Capital Management Inc. bought a new stake in América Móvil during the 4th quarter valued at approximately $57,000. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AMX has been the topic of several research analyst reports. HSBC upgraded shares of América Móvil from a “hold” rating to a “buy” rating and boosted their price target for the stock from $15.50 to $17.50 in a research note on Monday. JPMorgan Chase & Co. reduced their price objective on América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Hsbc Global Res upgraded América Móvil from a “hold” rating to a “strong-buy” rating in a research report on Monday. StockNews.com upgraded shares of América Móvil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 15th. Finally, The Goldman Sachs Group lowered their price objective 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, América Móvil currently has an average rating of “Moderate Buy” and an average target price of $17.22.

América Móvil Stock Performance

Shares of NYSE:AMX opened at $15.29 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. América Móvil, S.A.B. de C.V. has a 12 month low of $13.10 and a 12 month high of $20.31. The company has a market capitalization of $46.63 billion, a price-to-earnings ratio of 31.20, a PEG ratio of 0.77 and a beta of 0.79. The firm’s 50-day moving average is $14.45 and its 200 day moving average is $14.84.

América Móvil (NYSE:AMX) last announced its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.15 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%. Research analysts predict that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current 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.