Signaturefd LLC Sells 1,827 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Signaturefd LLC trimmed its holdings in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 16.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,039 shares of the Wireless communications provider’s stock after selling 1,827 shares during the quarter. Signaturefd LLC’s holdings in América Móvil were worth $129,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Spire Wealth Management acquired a new stake in América Móvil in the 4th quarter valued at about $32,000. Farther Finance Advisors LLC grew its stake in shares of América Móvil by 82.5% during the fourth quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider’s stock valued at $45,000 after purchasing an additional 1,414 shares during the last quarter. R Squared Ltd acquired a new stake in shares of América Móvil in the fourth quarter valued at approximately $49,000. Raleigh Capital Management Inc. bought a new position in América Móvil in the 4th quarter worth approximately $57,000. Finally, Blue Trust Inc. lifted its holdings in América Móvil by 57.8% during the 4th quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider’s stock worth $79,000 after buying an additional 2,028 shares in the last quarter. 6.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AMX. The Goldman Sachs Group dropped their target price on América Móvil from $17.60 to $17.30 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Scotiabank cut their target price on shares of América Móvil from $17.30 to $13.70 and set a “sector perform” rating on the stock in a research report on Thursday, February 13th. JPMorgan Chase & Co. lowered their price target on shares of América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Finally, StockNews.com upgraded shares of América Móvil from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 15th. One 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $17.15.

América Móvil Price Performance

Shares of AMX opened at $14.09 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. The stock has a market cap of $42.96 billion, a P/E ratio of 28.74, a price-to-earnings-growth ratio of 0.77 and a beta of 0.95. The stock’s 50-day moving average price is $14.37 and its two-hundred day moving average price is $15.11. América Móvil, S.A.B. de C.V. has a 1 year low of $13.63 and a 1 year high of $20.31.

América Móvil (NYSE:AMX) last released its quarterly earnings data 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 return on equity of 6.38% and a net margin of 3.25%. On average, equities analysts predict that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share 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.