América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Sold by Simplicity Solutions LLC

Simplicity Solutions LLC reduced its position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 6.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 57,802 shares of the Wireless communications provider’s stock after selling 3,802 shares during the quarter. Simplicity Solutions LLC’s holdings in América Móvil were worth $1,070,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. UBS Asset Management Americas Inc. acquired a new stake in shares of América Móvil during the 2nd quarter worth approximately $28,000. Financial Freedom LLC acquired a new stake in América Móvil during the fourth quarter worth $28,000. Allworth Financial LP raised its position in América Móvil by 198.8% in the third quarter. Allworth Financial LP now owns 1,808 shares of the Wireless communications provider’s stock valued at $31,000 after purchasing an additional 1,203 shares during the period. NBC Securities Inc. acquired a new position in shares of América Móvil in the 3rd quarter valued at $31,000. Finally, Motco acquired a new position in shares of América Móvil in the 3rd quarter valued at $36,000. 6.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMX has been the topic of several research analyst reports. Jefferies Financial Group upgraded shares of América Móvil from a “hold” rating to a “buy” rating and boosted their price objective for the company from $19.16 to $22.22 in a report on Friday, February 16th. UBS Group upped their price objective on shares of América Móvil from $21.00 to $22.80 and gave the stock a “buy” rating in a report on Tuesday, January 16th. JPMorgan Chase & Co. lifted their target price on shares of América Móvil from $15.00 to $17.50 and gave the company an “underweight” rating in a report on Monday, April 1st. The Goldman Sachs Group upped their price target on América Móvil from $19.50 to $21.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. Finally, StockNews.com raised América Móvil from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $22.57.

América Móvil Stock Performance

Shares of AMX stock opened at $18.02 on Tuesday. The firm has a 50 day moving average of $18.56 and a two-hundred day moving average of $18.05. The stock has a market capitalization of $56.31 billion, a PE ratio of 13.45, a P/E/G ratio of 1.45 and a beta of 0.98. The company has a quick ratio of 0.63, a current ratio of 0.67 and a debt-to-equity ratio of 0.83. América Móvil, S.A.B. de C.V. has a 52 week low of $15.99 and a 52 week high of $23.07.

América Móvil (NYSE:AMX) last posted its quarterly earnings results on Tuesday, February 13th. The Wireless communications provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. The company had revenue of $11.45 billion for the quarter, compared to analyst estimates of $11.92 billion. América Móvil had a return on equity of 18.02% and a net margin of 9.18%. On average, research analysts predict that América Móvil, S.A.B. de C.V. will post 1.54 EPS for the current fiscal year.

América Móvil Profile

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.