América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Sold by APG Asset Management N.V.

APG Asset Management N.V. cut its holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 54.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 46,871 shares of the Wireless communications provider’s stock after selling 56,758 shares during the quarter. APG Asset Management N.V.’s holdings in América Móvil were worth $743,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Private Ocean LLC acquired a new position in shares of América Móvil during the first quarter worth about $26,000. Sound Income Strategies LLC increased its position in América Móvil by 43.5% during the 1st quarter. Sound Income Strategies LLC now owns 3,466 shares of the Wireless communications provider’s stock worth $65,000 after purchasing an additional 1,051 shares during the period. Rothschild Investment LLC purchased a new position in shares of América Móvil during the 2nd quarter worth approximately $59,000. Headlands Technologies LLC lifted its holdings in shares of América Móvil by 448.5% in the 1st quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider’s stock valued at $81,000 after buying an additional 3,539 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of América Móvil by 32.5% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 8,177 shares of the Wireless communications provider’s stock valued at $153,000 after buying an additional 2,007 shares in the last quarter. 6.30% of the stock is owned by hedge funds and other institutional investors.

América Móvil Trading Down 0.9 %

Shares of AMX stock opened at $16.22 on Wednesday. The stock has a market cap of $50.36 billion, a P/E ratio of 15.02, a P/E/G ratio of 0.98 and a beta of 0.95. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.98. América Móvil, S.A.B. de C.V. has a fifty-two week low of $15.55 and a fifty-two week high of $20.31. The business has a fifty day simple moving average of $16.65 and a 200-day simple moving average of $17.73.

América Móvil (NYSE:AMX) last posted its earnings results on Tuesday, July 16th. The Wireless communications provider reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.36). América Móvil had a net margin of 3.98% and a return on equity of 7.73%. The business had revenue of $11.93 billion for the quarter, compared to analysts’ expectations of $12.37 billion. On average, analysts forecast that América Móvil, S.A.B. de C.V. will post 1.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on AMX shares. StockNews.com initiated coverage on América Móvil in a research report on Wednesday. They issued a “strong-buy” rating for the company. Scotiabank cut their price target on shares of América Móvil from $18.90 to $17.80 and set a “sector perform” rating for the company in a report on Friday, September 20th. Finally, UBS Group decreased their price objective on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, América Móvil presently has a consensus rating of “Moderate Buy” and an average price target of $21.23.

América Móvil Company 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 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.