Discovery Capital Management LLC CT Sells 180,100 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Discovery Capital Management LLC CT lowered its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 9.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,673,888 shares of the Wireless communications provider’s stock after selling 180,100 shares during the quarter. América Móvil makes up approximately 1.7% of Discovery Capital Management LLC CT’s holdings, making the stock its 21st biggest position. Discovery Capital Management LLC CT owned about 0.05% of América Móvil worth $23,953,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Lee Danner & Bass Inc. bought a new position in shares of América Móvil during the 4th quarter valued at about $29,000. Spire Wealth Management purchased a new position in América Móvil during the 4th quarter worth $32,000. Farther Finance Advisors LLC raised its holdings in shares of América Móvil by 82.5% in the fourth quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider’s stock valued at $45,000 after acquiring an additional 1,414 shares in the last quarter. R Squared Ltd purchased a new stake in shares of América Móvil in the 4th quarter worth approximately $49,000. Finally, Raleigh Capital Management Inc. bought a new stake in América Móvil during the 4th quarter valued at $57,000. Institutional investors own 6.30% of the company’s stock.

Analysts Set New Price Targets

AMX has been the subject of a number of research reports. StockNews.com raised América Móvil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 15th. The Goldman Sachs Group decreased their target price on América Móvil from $17.60 to $17.30 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. JPMorgan Chase & Co. cut their price objective on América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Finally, Scotiabank decreased their price target on shares of América Móvil from $17.30 to $13.70 and set a “sector perform” rating on the stock in a research note on Thursday, February 13th. One equities 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.15.

América Móvil Price Performance

Shares of NYSE AMX opened at $14.22 on Tuesday. 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, 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 stock’s 50-day simple moving average is $14.42 and its 200-day simple moving average is $15.03. The firm has a market capitalization of $43.36 billion, a PE ratio of 29.01, a price-to-earnings-growth ratio of 0.77 and a beta of 0.95.

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

América Móvil 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.