Steward Partners Investment Advisory LLC Cuts Stock Holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Steward Partners Investment Advisory LLC decreased its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMXGet Rating) by 50.2% during the second quarter, HoldingsChannel reports. The firm owned 2,530 shares of the Wireless communications provider’s stock after selling 2,552 shares during the period. Steward Partners Investment Advisory LLC’s holdings in América Móvil were worth $52,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Personal CFO Solutions LLC increased its position in América Móvil by 4.1% during the 1st quarter. Personal CFO Solutions LLC now owns 15,360 shares of the Wireless communications provider’s stock valued at $325,000 after purchasing an additional 604 shares during the period. HighTower Advisors LLC increased its position in América Móvil by 3.8% during the 1st quarter. HighTower Advisors LLC now owns 17,406 shares of the Wireless communications provider’s stock valued at $367,000 after purchasing an additional 640 shares during the period. Commonwealth Equity Services LLC increased its position in América Móvil by 0.8% during the 1st quarter. Commonwealth Equity Services LLC now owns 121,778 shares of the Wireless communications provider’s stock valued at $2,575,000 after purchasing an additional 951 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of América Móvil by 17.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,589 shares of the Wireless communications provider’s stock valued at $135,000 after buying an additional 961 shares in the last quarter. Finally, MUFG Americas Holdings Corp boosted its holdings in shares of América Móvil by 48.1% in the 2nd quarter. MUFG Americas Holdings Corp now owns 3,031 shares of the Wireless communications provider’s stock valued at $62,000 after buying an additional 984 shares in the last quarter. Hedge funds and other institutional investors own 5.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AMX shares. The Goldman Sachs Group lowered their price target on shares of América Móvil from $28.00 to $24.00 and set a “buy” rating on the stock in a report on Wednesday, October 26th. UBS Group upgraded shares of América Móvil from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $20.50 to $20.40 in a research note on Monday, September 19th. Citigroup upgraded shares of América Móvil from a “neutral” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Thursday, August 4th. Barclays decreased their price objective on shares of América Móvil from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Monday, October 17th. Finally, Piper Sandler upgraded shares of América Móvil from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 20th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.68.

América Móvil Stock Performance

AMX opened at $20.10 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 0.88. The company has a market cap of $64.22 billion, a price-to-earnings ratio of 6.77, a PEG ratio of 1.93 and a beta of 0.85. América Móvil, S.A.B. de C.V. has a 52-week low of $16.13 and a 52-week high of $22.65. The firm’s fifty day simple moving average is $17.62 and its two-hundred day simple moving average is $18.84.

About América Móvil

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América Móvil, SAB. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including 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.

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

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