Oppenheimer Asset Management Inc. Sells 8,267 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Oppenheimer Asset Management Inc. lowered its position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 39.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,857 shares of the Wireless communications provider’s stock after selling 8,267 shares during the period. Oppenheimer Asset Management Inc.’s holdings in América Móvil were worth $184,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. increased its stake in América Móvil by 115.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,961,191 shares of the Wireless communications provider’s stock worth $28,065,000 after acquiring an additional 1,050,203 shares during the period. ABC Arbitrage SA bought a new position in América Móvil during the 4th quarter worth $14,238,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in América Móvil by 76.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 736,107 shares of the Wireless communications provider’s stock worth $12,043,000 after acquiring an additional 317,800 shares during the period. Barclays PLC increased its stake in América Móvil by 36,692.9% during the 3rd quarter. Barclays PLC now owns 150,115 shares of the Wireless communications provider’s stock worth $2,456,000 after acquiring an additional 149,707 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in América Móvil during the 3rd quarter worth $1,341,000. Institutional investors own 6.30% of the company’s stock.

Analyst Ratings Changes

AMX has been the topic of a number of recent research reports. StockNews.com upgraded América Móvil from a “buy” rating to a “strong-buy” rating in a research note on Thursday. The Goldman Sachs Group reduced their target price on América Móvil from $17.60 to $17.30 and set a “buy” rating on the stock in a report on Wednesday, February 19th. Scotiabank reduced their target price on América Móvil from $17.30 to $13.70 and set a “sector perform” rating on the stock in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. reduced their target price on América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.15.

América Móvil Trading Up 0.7 %

Shares of AMX stock opened at $14.87 on Friday. The stock’s fifty day moving average price is $14.33 and its two-hundred day moving average price is $15.30. The company has a market cap of $45.64 billion, a PE ratio of 30.34, a P/E/G ratio of 0.77 and a beta of 0.93. América Móvil, S.A.B. de C.V. has a fifty-two week low of $13.63 and a fifty-two week high of $20.31. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72.

América Móvil (NYSE:AMX) last issued its earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.27). América Móvil had a net margin of 3.25% and a return on equity of 6.38%. Equities analysts predict that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current fiscal year.

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.