América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp decreased its position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMXGet Rating) by 18.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 44,156 shares of the Wireless communications provider’s stock after selling 9,714 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in América Móvil were worth $902,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. J.W. Cole Advisors Inc. acquired a new position in shares of América Móvil during the first quarter valued at $25,000. Godsey & Gibb Associates acquired a new position in shares of América Móvil during the second quarter valued at $31,000. Total Clarity Wealth Management Inc. acquired a new position in shares of América Móvil during the second quarter valued at $45,000. Centerpoint Advisors LLC acquired a new position in shares of América Móvil during the second quarter valued at $49,000. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of América Móvil by 128.1% during the first quarter. BNP Paribas Arbitrage SA now owns 2,502 shares of the Wireless communications provider’s stock valued at $53,000 after acquiring an additional 1,405 shares during the period. Institutional investors and hedge funds own 5.71% of the company’s stock.

América Móvil Price Performance

Shares of América Móvil stock opened at $19.96 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 0.88. The company’s 50-day moving average price is $17.88 and its two-hundred day moving average price is $18.84. 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 stock has a market cap of $63.47 billion, a PE ratio of 6.72, a price-to-earnings-growth ratio of 1.90 and a beta of 0.85.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AMX shares. StockNews.com raised shares of América Móvil from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 13th. UBS Group raised shares of América Móvil from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $20.50 to $20.40 in a report on Monday, September 19th. Piper Sandler raised shares of América Móvil from a “neutral” rating to a “buy” rating in a report on Tuesday, September 20th. Barclays reduced their price objective on shares of América Móvil from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Monday, October 17th. Finally, The Goldman Sachs Group reduced their price objective on shares of América Móvil from $28.00 to $24.00 and set a “buy” rating for the company in a report on Wednesday, October 26th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.68.

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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