América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Sold by Dalton Investments Inc.

Dalton Investments Inc. reduced its stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 37.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,700 shares of the Wireless communications provider’s stock after selling 65,600 shares during the quarter. América Móvil comprises approximately 1.1% of Dalton Investments Inc.’s portfolio, making the stock its 15th largest holding. Dalton Investments Inc.’s holdings in América Móvil were worth $1,882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Ocean LLC acquired a new stake in shares of América Móvil in the first quarter valued at approximately $26,000. Principal Securities Inc. acquired a new stake in América Móvil during the 4th quarter worth $41,000. Rothschild Investment LLC purchased a new position in América Móvil during the 2nd quarter worth $59,000. Sound Income Strategies LLC increased its stake in América Móvil by 43.5% in the first quarter. Sound Income Strategies LLC now owns 3,466 shares of the Wireless communications provider’s stock valued at $65,000 after purchasing an additional 1,051 shares during the period. Finally, Headlands Technologies LLC increased its stake in América Móvil by 448.5% in the first quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider’s stock valued at $81,000 after purchasing an additional 3,539 shares during the period. 6.30% of the stock is owned by hedge funds and other institutional investors.

América Móvil Stock Performance

Shares of AMX stock opened at $16.08 on Friday. The stock has a 50 day simple moving average of $16.86 and a 200-day simple moving average of $17.88. América Móvil, S.A.B. de C.V. has a 12-month low of $15.55 and a 12-month high of $20.31. The company has a market cap of $49.93 billion, a price-to-earnings ratio of 14.89, a price-to-earnings-growth ratio of 0.98 and a beta of 0.95. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.98.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Scotiabank lowered their price target on América Móvil from $18.90 to $17.80 and set a “sector perform” rating on the stock in a report on Friday. UBS Group dropped their target price on América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a report on Thursday, July 18th. Finally, StockNews.com upgraded América Móvil from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.23.

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 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.