Henry James International Management Inc. Cuts Stake in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Henry James International Management Inc. lowered its stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 0.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 142,543 shares of the Wireless communications provider’s stock after selling 746 shares during the period. Henry James International Management Inc.’s holdings in América Móvil were worth $2,040,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMX. Spire Wealth Management bought a new stake in América Móvil in the 4th quarter worth $32,000. R Squared Ltd bought a new stake in shares of América Móvil during the fourth quarter valued at approximately $49,000. Raleigh Capital Management Inc. bought a new position in shares of América Móvil in the 4th quarter worth about $57,000. Blue Trust Inc. lifted its holdings in shares of América Móvil by 195.9% during 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. Finally, Modus Advisors LLC purchased a new position in América Móvil during the fourth quarter valued at $80,000. Institutional investors own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. The Goldman Sachs Group reduced their target price on América Móvil from $17.60 to $17.30 and set a “buy” rating for the company in a report on Wednesday, February 19th. JPMorgan Chase & Co. reduced their price objective on América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Scotiabank dropped 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. Finally, StockNews.com cut América Móvil from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, América Móvil has a consensus rating of “Hold” and an average price target of $17.15.

América Móvil Stock Down 1.4 %

NYSE AMX opened at $14.23 on Friday. América Móvil, S.A.B. de C.V. has a 12 month low of $13.63 and a 12 month high of $20.31. 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 $43.67 billion, a PE ratio of 29.03, a P/E/G ratio of 0.77 and a beta of 0.93. The stock’s 50 day moving average is $14.31 and its 200 day moving average is $15.39.

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