Cetera Investment Advisers Sells 82,587 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Cetera Investment Advisers decreased its holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 55.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,322 shares of the Wireless communications provider’s stock after selling 82,587 shares during the period. Cetera Investment Advisers’ holdings in América Móvil were worth $949,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Transce3nd LLC acquired a new stake in América Móvil during the fourth quarter worth approximately $26,000. Lee Danner & Bass Inc. acquired a new stake in shares of América Móvil during the 4th quarter valued at $29,000. Spire Wealth Management acquired a new stake in shares of América Móvil during the 4th quarter valued at $32,000. Parvin Asset Management LLC bought a new position in América Móvil during the 4th quarter worth $39,000. Finally, Farther Finance Advisors LLC raised its position in 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 worth $45,000 after purchasing an additional 1,414 shares during the last quarter. Institutional investors own 6.30% of the company’s stock.

Analyst Ratings Changes

AMX has been the subject of a number of recent analyst reports. The Goldman Sachs Group decreased their price target on América Móvil from $17.60 to $17.30 and set a “buy” rating for the company in a report on Wednesday, February 19th. HSBC upgraded América Móvil from a “hold” rating to a “buy” rating and lifted their price target for the company from $15.50 to $17.50 in a research note on Monday, April 14th. UBS Group downgraded América Móvil from a “buy” rating to a “neutral” rating in a research note on Wednesday. Hsbc Global Res upgraded América Móvil from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 14th. Finally, Wall Street Zen began coverage on América Móvil in a research note on Tuesday. They set a “strong-buy” rating for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.22.

América Móvil Stock Performance

Shares of NYSE:AMX opened at $17.53 on Friday. América Móvil, S.A.B. de C.V. has a 12 month low of $13.10 and a 12 month high of $19.61. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. The company has a 50-day moving average price of $15.78 and a 200-day moving average price of $14.98. The company has a market cap of $53.20 billion, a price-to-earnings ratio of 35.78, a price-to-earnings-growth ratio of 0.77 and a beta of 0.82.

América Móvil (NYSE:AMX) last posted its quarterly earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). América Móvil had a net margin of 3.25% and a return on equity of 6.38%. The firm had revenue of $11.36 billion for the quarter, compared to analysts’ expectations of $11.28 billion. As a group, equities analysts anticipate 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.