América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Sold by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC lowered its stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 64.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,120 shares of the Wireless communications provider’s stock after selling 20,528 shares during the period. Alpha Cubed Investments LLC’s holdings in América Móvil were worth $206,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AMX. J.P. Morgan Private Wealth Advisors LLC boosted its stake in shares of América Móvil by 2.8% during the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 30,723 shares of the Wireless communications provider’s stock worth $532,000 after purchasing an additional 826 shares during the last quarter. NewEdge Wealth LLC grew its stake in América Móvil by 5.9% in the 4th quarter. NewEdge Wealth LLC now owns 16,900 shares of the Wireless communications provider’s stock worth $313,000 after acquiring an additional 944 shares during the period. Allworth Financial LP grew its stake in América Móvil by 198.8% in the 3rd quarter. Allworth Financial LP now owns 1,808 shares of the Wireless communications provider’s stock worth $31,000 after acquiring an additional 1,203 shares during the period. CWM LLC raised its holdings in América Móvil by 9.3% in the 4th quarter. CWM LLC now owns 18,784 shares of the Wireless communications provider’s stock valued at $348,000 after acquiring an additional 1,599 shares during the last quarter. Finally, Whittier Trust Co. grew its position in shares of América Móvil by 4.0% in the third quarter. Whittier Trust Co. now owns 45,187 shares of the Wireless communications provider’s stock valued at $782,000 after purchasing an additional 1,723 shares during the period. Institutional investors and hedge funds own 6.30% of the company’s stock.

América Móvil Trading Up 0.4 %

Shares of NYSE AMX opened at $19.13 on Thursday. The stock has a market capitalization of $59.40 billion, a P/E ratio of 17.71, a PEG ratio of 1.37 and a beta of 0.98. The stock’s 50 day moving average price is $18.73 and its two-hundred day moving average price is $18.17. The company has a quick ratio of 0.63, a current ratio of 0.67 and a debt-to-equity ratio of 0.83. América Móvil, S.A.B. de C.V. has a 52-week low of $15.99 and a 52-week high of $23.07.

América Móvil (NYSE:AMX) last posted its quarterly earnings results on Tuesday, February 13th. The Wireless communications provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.08. The business had revenue of $11.45 billion for the quarter, compared to analyst estimates of $11.92 billion. América Móvil had a return on equity of 14.07% and a net margin of 7.28%. On average, analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Scotiabank raised their target price on shares of América Móvil from $16.60 to $17.20 and gave the stock a “sector perform” rating in a research report on Thursday, April 25th. Jefferies Financial Group upgraded América Móvil from a “hold” rating to a “buy” rating and upped their price target for the stock from $19.16 to $22.22 in a report on Friday, February 16th. JPMorgan Chase & Co. boosted their target price on shares of América Móvil from $15.00 to $17.50 and gave the stock an “underweight” rating in a research report on Monday, April 1st. The Goldman Sachs Group upgraded shares of América Móvil from a “neutral” rating to a “buy” rating and upped their target price for the company from $21.00 to $22.00 in a research note on Monday. Finally, UBS Group lifted their price target on shares of América Móvil from $21.00 to $22.80 and gave the stock a “buy” rating in a research note on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, América Móvil currently has an average rating of “Moderate Buy” and a consensus target price of $22.08.

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 also 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.