América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Sold by TSP Capital Management Group LLC

TSP Capital Management Group LLC reduced its position in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 256,014 shares of the Wireless communications provider’s stock after selling 6,756 shares during the period. América Móvil comprises about 1.2% of TSP Capital Management Group LLC’s portfolio, making the stock its 27th biggest holding. TSP Capital Management Group LLC’s holdings in América Móvil were worth $3,664,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. lifted its stake in shares of América Móvil by 115.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,961,191 shares of the Wireless communications provider’s stock valued at $28,065,000 after purchasing an additional 1,050,203 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of América Móvil by 76.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 736,107 shares of the Wireless communications provider’s stock valued at $12,043,000 after purchasing an additional 317,800 shares during the period. Rockefeller Capital Management L.P. increased its holdings in América Móvil by 8.7% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 559,236 shares of the Wireless communications provider’s stock worth $9,151,000 after acquiring an additional 44,631 shares in the last quarter. ABS Direct Equity Fund LLC increased its holdings in América Móvil by 21.4% in the 3rd quarter. ABS Direct Equity Fund LLC now owns 413,922 shares of the Wireless communications provider’s stock worth $6,772,000 after acquiring an additional 73,022 shares in the last quarter. Finally, Citigroup Inc. increased its holdings in América Móvil by 32.5% in the 3rd quarter. Citigroup Inc. now owns 221,008 shares of the Wireless communications provider’s stock worth $3,616,000 after acquiring an additional 54,245 shares in the last quarter. 6.30% of the stock is currently owned by institutional investors and hedge funds.

América Móvil Price Performance

América Móvil stock opened at $14.83 on Friday. América Móvil, S.A.B. de C.V. has a 52-week low of $13.63 and a 52-week high of $20.31. The firm has a market capitalization of $45.53 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 0.75 and a beta of 0.93. The company has a fifty day simple moving average of $14.32 and a 200-day simple moving average of $15.55. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90.

América Móvil (NYSE:AMX) last released its earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.27). América Móvil had a return on equity of 8.61% and a net margin of 4.45%. On average, equities analysts anticipate that América Móvil, S.A.B. de C.V. will post 0.69 EPS for the current fiscal year.

Analysts Set New Price Targets

AMX has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut their price target on shares of América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. The Goldman Sachs Group cut their price target on shares of América Móvil from $17.80 to $17.60 and set a “buy” rating for the company in a report on Tuesday, January 28th. Scotiabank cut their price target on shares of América Móvil from $17.30 to $13.70 and set a “sector perform” rating for the company in a report on Thursday. Finally, StockNews.com raised shares of América Móvil from a “buy” rating to a “strong-buy” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.22.

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.