Allspring Global Investments Holdings LLC Sells 251,142 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Allspring Global Investments Holdings LLC lessened its stake in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 4.3% during the 4th quarter, HoldingsChannel reports. The firm owned 5,599,968 shares of the Wireless communications provider’s stock after selling 251,142 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in América Móvil were worth $80,752,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. NBC Securities Inc. grew its stake in América Móvil by 17.7% in the 3rd quarter. NBC Securities Inc. now owns 19,748 shares of the Wireless communications provider’s stock valued at $323,000 after buying an additional 2,967 shares during the last quarter. Harbour Capital Advisors LLC boosted its holdings in América Móvil by 64.3% during the third quarter. Harbour Capital Advisors LLC now owns 44,700 shares of the Wireless communications provider’s stock valued at $721,000 after acquiring an additional 17,500 shares during the period. Blue Trust Inc. grew its position in shares of América Móvil by 195.9% in the third quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock valued at $60,000 after purchasing an additional 2,322 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of América Móvil by 1,545.1% in the third quarter. International Assets Investment Management LLC now owns 185,702 shares of the Wireless communications provider’s stock worth $30,380,000 after purchasing an additional 174,414 shares during the period. Finally, CENTRAL TRUST Co lifted its position in shares of América Móvil by 3,500.0% during the 3rd quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider’s stock worth $59,000 after purchasing an additional 3,500 shares during the last quarter. Institutional investors own 6.30% of the company’s stock.

América Móvil Stock Up 0.5 %

Shares of AMX stock opened at $14.80 on Thursday. América Móvil, S.A.B. de C.V. has a one year low of $13.63 and a one year high of $20.31. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. The stock has a fifty day moving average price of $14.33 and a 200 day moving average price of $15.55. The stock has a market cap of $45.44 billion, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 0.75 and a beta of 0.93.

América Móvil (NYSE:AMX) last released its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.27). América Móvil had a return on equity of 8.61% and a net margin of 4.45%. Analysts predict that América Móvil, S.A.B. de C.V. will post 0.69 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on AMX. Scotiabank lowered their target price on América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a report on Wednesday, October 16th. JPMorgan Chase & Co. cut their target price on shares of América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. The Goldman Sachs Group reduced their price target on shares of América Móvil from $17.80 to $17.60 and set a “buy” rating for the company in a report on Tuesday, January 28th. Finally, StockNews.com upgraded shares of América Móvil from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.94.

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.