Truist Financial Corp Lowers Stock Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Truist Financial Corp cut its stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMXGet Rating) by 17.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 27,273 shares of the Wireless communications provider’s stock after selling 5,676 shares during the period. Truist Financial Corp’s holdings in América Móvil were worth $449,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. UBS Asset Management Americas Inc. purchased a new stake in shares of América Móvil during the 2nd quarter valued at $28,000. Rosenberg Matthew Hamilton grew its stake in shares of América Móvil by 95.2% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,745 shares of the Wireless communications provider’s stock valued at $29,000 after buying an additional 851 shares during the period. Godsey & Gibb Associates purchased a new stake in shares of América Móvil during the 2nd quarter valued at $31,000. Ronald Blue Trust Inc. purchased a new stake in shares of América Móvil during the 3rd quarter valued at $31,000. Finally, Total Clarity Wealth Management Inc. acquired a new position in shares of América Móvil during the 2nd quarter valued at $45,000. 5.55% of the stock is owned by hedge funds and other institutional investors.

América Móvil Stock Performance

Shares of AMX stock opened at $21.04 on Tuesday. América Móvil, S.A.B. de C.V. has a 12 month low of $16.13 and a 12 month high of $22.65. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.69 and a quick ratio of 0.63. The firm has a market capitalization of $66.91 billion, a P/E ratio of 7.08, a P/E/G ratio of 1.79 and a beta of 0.86. The company’s fifty day moving average price is $19.29 and its two-hundred day moving average price is $18.52.

Analyst Ratings Changes

Several equities analysts recently weighed in on AMX shares. StockNews.com lowered shares of América Móvil from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 19th. The Goldman Sachs Group reduced their target price 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. Barclays reduced their target price on shares of América Móvil from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Monday, October 17th. Finally, UBS Group lowered shares of América Móvil from a “buy” rating to a “neutral” rating and lifted their target price for the company from $20.40 to $22.50 in a report on Monday, November 28th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $22.10.

América Móvil Company Profile

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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.

See Also

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

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