América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Sold by Heritage Investors Management Corp

Heritage Investors Management Corp reduced its stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 6.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 68,186 shares of the Wireless communications provider’s stock after selling 4,449 shares during the quarter. Heritage Investors Management Corp’s holdings in América Móvil were worth $1,263,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AMX. Allworth Financial LP raised its holdings in América Móvil by 198.8% in the 3rd quarter. Allworth Financial LP now owns 1,808 shares of the Wireless communications provider’s stock worth $31,000 after purchasing an additional 1,203 shares during the period. NBC Securities Inc. acquired a new position in shares of América Móvil during the 3rd quarter worth approximately $31,000. Motco acquired a new position in shares of América Móvil during the 3rd quarter worth approximately $36,000. Sound Income Strategies LLC lifted its position in shares of América Móvil by 1,729.5% during the 4th quarter. Sound Income Strategies LLC now owns 2,415 shares of the Wireless communications provider’s stock valued at $45,000 after buying an additional 2,283 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. acquired a new stake in América Móvil in the 4th quarter valued at $114,000. 6.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on AMX. Jefferies Financial Group upgraded shares of América Móvil from a “hold” rating to a “buy” rating and upped their price objective for the stock from $19.16 to $22.22 in a research report on Friday, February 16th. JPMorgan Chase & Co. raised their price target on shares of América Móvil from $15.00 to $17.50 and gave the company an “underweight” rating in a research note on Monday, April 1st. StockNews.com upgraded América Móvil from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. UBS Group increased their target price on América Móvil from $21.00 to $22.80 and gave the company a “buy” rating in a report on Tuesday, January 16th. Finally, The Goldman Sachs Group raised América Móvil from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $21.00 to $22.00 in a research note on Monday, April 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $22.08.

América Móvil Price Performance

Shares of AMX stock traded up $0.50 during trading hours on Thursday, reaching $20.17. The company had a trading volume of 1,830,364 shares, compared to its average volume of 1,433,750. América Móvil, S.A.B. de C.V. has a 12-month low of $15.99 and a 12-month high of $23.07. The company has a market capitalization of $62.63 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 1.36 and a beta of 0.96. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.61 and a current ratio of 0.65. The stock has a fifty day moving average of $18.76 and a 200-day moving average of $18.27.

América Móvil (NYSE:AMX) last issued its earnings results on Tuesday, February 13th. The Wireless communications provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.08. América Móvil had a return on equity of 13.93% and a net margin of 7.28%. The company had revenue of $11.45 billion during the quarter, compared to analysts’ expectations of $11.92 billion. On average, equities analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current year.

About América Móvil

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.