Investors Research Corp Sells 2,000 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Investors Research Corp decreased its position in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 7.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 25,119 shares of the Wireless communications provider’s stock after selling 2,000 shares during the period. Investors Research Corp’s holdings in América Móvil were worth $465,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of AMX. SVB Wealth LLC raised its stake in shares of América Móvil by 6.1% during the 1st quarter. SVB Wealth LLC now owns 10,749 shares of the Wireless communications provider’s stock worth $226,000 after purchasing an additional 618 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of América Móvil by 3.8% during the 1st quarter. HighTower Advisors LLC now owns 17,406 shares of the Wireless communications provider’s stock worth $367,000 after purchasing an additional 640 shares in the last quarter. Cerity Partners LLC raised its stake in shares of América Móvil by 3.9% during the 1st quarter. Cerity Partners LLC now owns 18,165 shares of the Wireless communications provider’s stock worth $382,000 after purchasing an additional 679 shares in the last quarter. LPL Financial LLC raised its stake in shares of América Móvil by 0.8% during the 3rd quarter. LPL Financial LLC now owns 84,272 shares of the Wireless communications provider’s stock worth $1,460,000 after purchasing an additional 685 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its stake in shares of América Móvil by 13.3% during the 4th quarter. Advisors Asset Management Inc. now owns 6,776 shares of the Wireless communications provider’s stock worth $123,000 after purchasing an additional 798 shares in the last quarter. Institutional investors own 6.30% of the company’s stock.

América Móvil Stock Performance

Shares of NYSE AMX opened at $18.02 on Tuesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.67 and a quick ratio of 0.63. The stock’s fifty day moving average price is $18.56 and its two-hundred day moving average price is $18.05. América Móvil, S.A.B. de C.V. has a one year low of $15.99 and a one year high of $23.07. The firm has a market cap of $56.31 billion, a price-to-earnings ratio of 13.45, a P/E/G ratio of 1.45 and a beta of 0.98.

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

Wall Street Analyst Weigh In

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

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.