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

HighTower Advisors LLC reduced its stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 7.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,411 shares of the Wireless communications provider’s stock after selling 1,964 shares during the quarter. HighTower Advisors LLC’s holdings in América Móvil were worth $349,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of AMX. Robeco Institutional Asset Management B.V. boosted its stake in shares of América Móvil by 115.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,961,191 shares of the Wireless communications provider’s stock valued at $28,065,000 after purchasing an additional 1,050,203 shares during the period. ABC Arbitrage SA purchased a new position in América Móvil in the 4th quarter valued at about $14,238,000. Rockefeller Capital Management L.P. grew its stake in shares of América Móvil by 8.7% during the third quarter. Rockefeller Capital Management L.P. now owns 559,236 shares of the Wireless communications provider’s stock valued at $9,151,000 after acquiring an additional 44,631 shares in the last quarter. ABS Direct Equity Fund LLC increased its position in shares of América Móvil by 21.4% during the third quarter. ABS Direct Equity Fund LLC now owns 413,922 shares of the Wireless communications provider’s stock worth $6,772,000 after acquiring an additional 73,022 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its stake in shares of América Móvil by 23.4% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 261,054 shares of the Wireless communications provider’s stock worth $3,736,000 after acquiring an additional 49,471 shares in the last quarter. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. dropped their price objective on América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. StockNews.com upgraded shares of América Móvil from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 15th. The Goldman Sachs Group reduced their price objective on shares of América Móvil from $17.60 to $17.30 and set a “buy” rating on the stock in a research note on Wednesday, February 19th. Finally, Scotiabank dropped their target price on shares of América Móvil from $17.30 to $13.70 and set a “sector perform” rating for the company in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, América Móvil has an average rating of “Moderate Buy” and a consensus price target of $17.15.

América Móvil Stock Performance

AMX stock opened at $14.57 on Wednesday. The stock’s 50 day simple moving average is $14.44 and its 200 day simple moving average is $15.01. América Móvil, S.A.B. de C.V. has a 12-month low of $13.63 and a 12-month high of $20.31. The firm has a market cap of $44.42 billion, a P/E ratio of 29.72, a P/E/G ratio of 0.77 and a beta of 0.95. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90.

América Móvil (NYSE:AMX) last released its earnings results 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 net margin of 3.25% and a return on equity of 6.38%. As a group, equities research analysts predict that América Móvil, S.A.B. de C.V. will post 1.51 EPS 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.