América Móvil, S.A.B. de C.V. (NYSE:AMX) Position Lessened by Northcape Capital Pty Ltd

Northcape Capital Pty Ltd decreased its position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX – Get Rating) by 5.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 10,749,079 shares of the Wireless communications provider’s stock after selling 673,056 shares during the period. América Móvil accounts for approximately 24.1% of Northcape Capital Pty Ltd’s portfolio, making the stock its 2nd largest holding. Northcape Capital Pty Ltd owned approximately 0.34% of América Móvil worth $195,633,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UBS Asset Management Americas Inc. acquired a new position in América Móvil during the second quarter worth approximately $28,000. Ronald Blue Trust Inc. acquired a new position in América Móvil during the third quarter worth approximately $31,000. Rosenberg Matthew Hamilton increased its position in América Móvil by 95.2% during the third quarter. Rosenberg Matthew Hamilton now owns 1,745 shares of the Wireless communications provider’s stock worth $29,000 after purchasing an additional 851 shares during the last quarter. Penserra Capital Management LLC acquired a new position in América Móvil during the third quarter worth approximately $36,000. Finally, BNP Paribas Arbitrage SA increased its position in América Móvil by 128.1% during the first quarter. BNP Paribas Arbitrage SA now owns 2,502 shares of the Wireless communications provider’s stock worth $53,000 after purchasing an additional 1,405 shares during the last quarter. Institutional investors and hedge funds own 5.55% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AMX shares. StockNews.com started coverage on shares of América Móvil in a research report on Thursday. They issued a “buy” rating for the company. JPMorgan Chase & Co. lowered shares of América Móvil from a “neutral” rating to an “underweight” rating and set a $19.00 price objective for the company. in a research report on Thursday, February 23rd. Finally, UBS Group lowered shares of América Móvil from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $20.40 to $22.50 in a research report on Monday, November 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, América Móvil has an average rating of “Moderate Buy” and an average target price of $21.70.

América Móvil Stock Down 3.8 %

Shares of AMX stock traded down $0.79 on Friday, hitting $19.90. The stock had a trading volume of 3,761,818 shares, compared to its average volume of 1,683,154. The firm has a market capitalization of $63.28 billion, a price-to-earnings ratio of 17.01, a P/E/G ratio of 0.71 and a beta of 0.87. The stock’s 50 day moving average is $20.56 and its 200-day moving average is $19.02. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.69 and a current ratio of 0.74. América Móvil, S.A.B. de C.V. has a 52-week low of $16.13 and a 52-week high of $22.65.

América Móvil Company Profile

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America Movil SAB de CV engages in the provision of telecommunications services. The firm operates through the following segments: Mexico Wireless, Mexico Fixed, Brazil, Colombia, Southern Cone (Argentina, Chile, Paraguay and Uruguay), Andean Region (Ecuador and Peru), Central America (Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama), the Caribbean (the Dominican Republic and Puerto Rico) and Europe (Austria, Belarus, Bulgaria, Croatia, Macedonia, Serbia and Slovenia).