América Móvil, S.A.B. de C.V. (NYSE:AMX) Stock Holdings Decreased by Millennium Management LLC

Millennium Management LLC reduced its position in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 18.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 381,494 shares of the Wireless communications provider’s stock after selling 85,614 shares during the period. Millennium Management LLC’s holdings in América Móvil were worth $5,459,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its position in shares of América Móvil by 55.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,872 shares of the Wireless communications provider’s stock worth $243,000 after acquiring an additional 6,033 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of América Móvil by 82.5% in the fourth quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider’s stock worth $45,000 after acquiring an additional 1,414 shares in the last quarter. Blue Trust Inc. increased its position in shares of América Móvil by 57.8% in the fourth quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider’s stock worth $79,000 after acquiring an additional 2,028 shares in the last quarter. Barclays PLC increased its position in shares of América Móvil by 36,692.9% in the third quarter. Barclays PLC now owns 150,115 shares of the Wireless communications provider’s stock worth $2,456,000 after acquiring an additional 149,707 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of América Móvil by 115.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,961,191 shares of the Wireless communications provider’s stock worth $28,065,000 after acquiring an additional 1,050,203 shares in the last quarter. 6.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on AMX. Wall Street Zen raised shares of América Móvil from a “hold” rating to a “buy” rating in a research report on Wednesday. HSBC raised shares of América Móvil from a “hold” rating to a “buy” rating and boosted their price objective for the company from $15.50 to $17.50 in a research report on Monday, April 14th. Hsbc Global Res raised shares of América Móvil from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 14th. The Goldman Sachs Group lowered their price objective on shares of América Móvil from $17.60 to $17.30 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Finally, UBS Group downgraded shares of América Móvil from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, América Móvil currently has an average rating of “Moderate Buy” and an average target price of $17.22.

América Móvil Price Performance

Shares of América Móvil stock opened at $17.40 on Thursday. The firm has a fifty day simple moving average of $15.98 and a 200-day simple moving average of $15.02. 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 1-year low of $13.10 and a 1-year high of $19.09. The stock has a market capitalization of $52.81 billion, a price-to-earnings ratio of 35.51, a PEG ratio of 0.77 and a beta of 0.82.

América Móvil (NYSE:AMX) last issued its quarterly earnings data on Wednesday, April 30th. The Wireless communications provider reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The firm had revenue of $11.36 billion during the quarter, compared to analyst estimates of $11.28 billion. América Móvil had a return on equity of 6.38% and a net margin of 3.25%. On average, sell-side analysts expect that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current year.

América Móvil 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.