Parallel Advisors LLC Decreases Stake in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Parallel Advisors LLC cut its stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMXFree Report) by 20.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,527 shares of the Wireless communications provider’s stock after selling 885 shares during the quarter. Parallel Advisors LLC’s holdings in América Móvil were worth $65,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. NBC Securities Inc. acquired a new position in América Móvil during the 3rd quarter worth approximately $31,000. Principal Securities Inc. acquired a new position in shares of América Móvil during the fourth quarter worth $41,000. Sound Income Strategies LLC grew its stake in shares of América Móvil by 1,729.5% during the fourth quarter. Sound Income Strategies LLC now owns 2,415 shares of the Wireless communications provider’s stock worth $45,000 after purchasing an additional 2,283 shares in the last quarter. First United Bank & Trust acquired a new stake in América Móvil in the fourth quarter valued at $53,000. Finally, Benjamin F. Edwards & Company Inc. purchased a new stake in América Móvil during the 4th quarter worth about $114,000. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

América Móvil Stock Performance

Shares of AMX opened at $17.81 on Friday. The stock has a market capitalization of $55.30 billion, a P/E ratio of 16.49, a P/E/G ratio of 1.07 and a beta of 0.95. América Móvil, S.A.B. de C.V. has a 1 year low of $15.99 and a 1 year high of $22.85. The company’s fifty day moving average is $18.90 and its two-hundred day moving average is $18.56. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.61 and a current ratio of 0.65.

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

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Report on América Móvil

América Móvil 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.

Further Reading

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

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