América Móvil, S.A.B. de C.V. (NYSE:AMX) Stock Position Trimmed by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its position in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 14.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 821,100 shares of the Wireless communications provider’s stock after selling 135,300 shares during the quarter. Teacher Retirement System of Texas’ holdings in América Móvil were worth $11,750,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. lifted its position in 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 last quarter. ABC Arbitrage SA bought a new stake in América Móvil in the 4th quarter valued at about $14,238,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in 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 last quarter. Rockefeller Capital Management L.P. lifted its position 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 valued at $9,151,000 after purchasing an additional 44,631 shares during the last quarter. Finally, ABS Direct Equity Fund LLC lifted its position 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 valued at $6,772,000 after purchasing an additional 73,022 shares during the last quarter. 6.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AMX shares. Scotiabank cut their price objective on shares of América Móvil from $17.30 to $13.70 and set a “sector perform” rating on the stock in a research report on Thursday, February 13th. StockNews.com upgraded shares of América Móvil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 15th. The Goldman Sachs Group dropped their price target 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, JPMorgan Chase & Co. dropped their price target on shares of América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, América Móvil currently has a consensus rating of “Moderate Buy” and an average price target of $17.15.

América Móvil Stock Performance

Shares of AMX opened at $14.09 on Friday. The firm’s 50 day moving average is $14.37 and its 200-day moving average is $15.12. The stock has a market capitalization of $42.96 billion, a P/E ratio of 28.74, a P/E/G ratio of 0.77 and a beta of 0.95. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. América Móvil, S.A.B. de C.V. has a 12-month low of $13.63 and a 12-month high of $20.31.

América Móvil (NYSE:AMX) last announced its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.27). América Móvil had a return on equity of 6.38% and a net margin of 3.25%. Equities research analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current fiscal year.

About América Móvil

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.