Millennium Management LLC Cuts Stake in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Millennium Management LLC reduced its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 77.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 285,099 shares of the Wireless communications provider’s stock after selling 986,453 shares during the period. Millennium Management LLC’s holdings in América Móvil were worth $4,847,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. AQR Capital Management LLC boosted its holdings in shares of América Móvil by 343.1% in the 2nd quarter. AQR Capital Management LLC now owns 294,907 shares of the Wireless communications provider’s stock valued at $5,013,000 after buying an additional 228,353 shares in the last quarter. Discovery Capital Management LLC CT lifted its stake in shares of América Móvil by 270.1% in the 2nd quarter. Discovery Capital Management LLC CT now owns 1,795,988 shares of the Wireless communications provider’s stock worth $30,532,000 after acquiring an additional 1,310,688 shares during the period. Frank Rimerman Advisors LLC acquired a new stake in shares of América Móvil in the 2nd quarter worth $217,000. Profund Advisors LLC increased its holdings in shares of América Móvil by 1.7% in the 2nd quarter. Profund Advisors LLC now owns 37,515 shares of the Wireless communications provider’s stock valued at $638,000 after purchasing an additional 630 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of América Móvil by 14.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 23,378 shares of the Wireless communications provider’s stock valued at $397,000 after purchasing an additional 3,016 shares in the last quarter. 6.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMX has been the subject of a number of research analyst reports. 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. StockNews.com started coverage on shares of América Móvil in a research report on Thursday. They issued a “strong-buy” rating on the stock. Finally, UBS Group reduced their price target on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $20.60.

América Móvil Stock Up 0.5 %

Shares of NYSE:AMX opened at $16.16 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.98. The company has a fifty day simple moving average of $16.56 and a 200 day simple moving average of $17.60. The firm has a market cap of $50.18 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 0.98 and a beta of 0.95. América Móvil, S.A.B. de C.V. has a 12-month low of $15.55 and a 12-month high of $20.31.

América Móvil (NYSE:AMX) last released 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 the consensus estimate of $12.37 billion. On average, equities research analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.39 EPS for the current fiscal 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.