Janney Montgomery Scott LLC Sells 1,576 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Janney Montgomery Scott LLC cut its holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 12.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,369 shares of the Wireless communications provider’s stock after selling 1,576 shares during the quarter. Janney Montgomery Scott LLC’s holdings in América Móvil were worth $163,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. raised its holdings in América Móvil by 76.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 736,107 shares of the Wireless communications provider’s stock worth $12,043,000 after purchasing an additional 317,800 shares during the period. International Assets Investment Management LLC raised its holdings in América Móvil by 1,545.1% in the third quarter. International Assets Investment Management LLC now owns 185,702 shares of the Wireless communications provider’s stock worth $30,380,000 after purchasing an additional 174,414 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in América Móvil by 19.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 910,988 shares of the Wireless communications provider’s stock worth $14,904,000 after purchasing an additional 151,114 shares during the period. Barclays PLC raised its holdings in América Móvil by 36,692.9% in the third quarter. Barclays PLC now owns 150,115 shares of the Wireless communications provider’s stock worth $2,456,000 after purchasing an additional 149,707 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in América Móvil in the third quarter worth $1,341,000. 6.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AMX has been the topic of a number of research analyst reports. The Goldman Sachs Group dropped their price objective on shares of América Móvil from $17.80 to $17.60 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Scotiabank dropped their price objective on shares of América Móvil from $17.30 to $13.70 and set a “sector perform” rating on the stock in a report on Thursday. JPMorgan Chase & Co. decreased their price objective on shares of América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Finally, StockNews.com raised shares of América Móvil from a “buy” rating to a “strong-buy” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.22.

América Móvil Stock Performance

Shares of AMX stock opened at $14.83 on Friday. The company has a market capitalization of $45.53 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 0.75 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. The company has a 50-day simple moving average of $14.32 and a 200 day simple moving average of $15.55. América Móvil, S.A.B. de C.V. has a 52 week low of $13.63 and a 52 week high of $20.31.

América Móvil (NYSE:AMX) last issued its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.27). América Móvil had a return on equity of 8.61% and a net margin of 4.45%. On average, sell-side analysts predict that América Móvil, S.A.B. de C.V. will post 0.69 earnings per share for the current year.

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.