American Trust Investment Advisors LLC Has $2.48 Million Stock Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

American Trust Investment Advisors LLC cut its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMXFree Report) by 11.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 133,955 shares of the Wireless communications provider’s stock after selling 17,505 shares during the period. American Trust Investment Advisors LLC’s holdings in América Móvil were worth $2,481,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Schroder Investment Management Group boosted its position in shares of América Móvil by 178.8% in the 4th quarter. Schroder Investment Management Group now owns 9,821,322 shares of the Wireless communications provider’s stock worth $181,891,000 after purchasing an additional 6,298,239 shares during the last quarter. Oaktree Fund Advisors LLC bought a new position in América Móvil during the fourth quarter worth about $4,572,000. Oaktree Capital Management LP acquired a new position in shares of América Móvil during the 4th quarter worth about $42,575,000. Capital International Sarl increased its stake in shares of América Móvil by 13.5% in the 4th quarter. Capital International Sarl now owns 1,128,480 shares of the Wireless communications provider’s stock valued at $20,899,000 after acquiring an additional 134,047 shares during the last quarter. Finally, Capital International Ltd. CA raised its position in shares of América Móvil by 7.6% in the 4th quarter. Capital International Ltd. CA now owns 579,276 shares of the Wireless communications provider’s stock valued at $10,728,000 after acquiring an additional 40,823 shares during the period. Institutional investors own 6.30% of the company’s stock.

América Móvil Stock Performance

Shares of América Móvil stock traded down $0.18 on Tuesday, hitting $19.65. The stock had a trading volume of 1,041,270 shares, compared to its average volume of 1,432,486. The stock has a market cap of $61.01 billion, a price-to-earnings ratio of 18.28 and a beta of 0.96. The company has a quick ratio of 0.61, a current ratio of 0.65 and a debt-to-equity ratio of 0.81. América Móvil, S.A.B. de C.V. has a twelve month low of $15.99 and a twelve month high of $22.85. The business’s 50 day moving average is $18.91 and its two-hundred day moving average is $18.45.

América Móvil (NYSE:AMXGet Free Report) last released its quarterly earnings results on Tuesday, April 16th. The Wireless communications provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.17). América Móvil had a net margin of 7.28% and a return on equity of 13.93%. The business had revenue of $11.98 billion during the quarter, compared to analyst estimates of $11.96 billion. Analysts forecast that América Móvil, S.A.B. de C.V. will post 1.41 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Scotiabank boosted their target price on América Móvil from $16.60 to $17.20 and gave the company a “sector perform” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. increased their target price on América Móvil from $15.00 to $17.50 and gave the stock an “underweight” rating in a research note on Monday, April 1st. The Goldman Sachs Group raised shares of América Móvil from a “neutral” rating to a “buy” rating and lifted their price target for the company from $21.00 to $22.00 in a research note on Monday, April 29th. Jefferies Financial Group raised shares of América Móvil from a “hold” rating to a “buy” rating and increased their price objective for the stock from $19.16 to $22.22 in a research report on Friday, February 16th. Finally, StockNews.com raised shares of América Móvil from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, América Móvil currently has an average rating of “Moderate Buy” and a consensus price target of $21.47.

Check Out Our Latest Report on AMX

América Móvil Company Profile

(Free Report)

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 also 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.

See Also

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Institutional Ownership by Quarter for América Móvil (NYSE:AMX)

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