América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. reduced its stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 82.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 129,803 shares of the Wireless communications provider’s stock after selling 606,304 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in América Móvil were worth $1,857,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of AMX. Farther Finance Advisors LLC grew 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 purchasing an additional 1,414 shares during the period. Gateway Investment Advisers LLC grew its stake in shares of América Móvil by 17.3% in the 4th quarter. Gateway Investment Advisers LLC now owns 12,835 shares of the Wireless communications provider’s stock valued at $184,000 after buying an additional 1,893 shares during the period. Blue Trust Inc. increased its holdings in shares of 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 during the last quarter. Hantz Financial Services Inc. lifted its holdings in América Móvil by 3.0% in the third quarter. Hantz Financial Services Inc. now owns 73,650 shares of the Wireless communications provider’s stock valued at $1,205,000 after acquiring an additional 2,177 shares during the last quarter. Finally, Spire Wealth Management purchased a new position in América Móvil in the fourth quarter worth approximately $32,000. 6.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on AMX. JPMorgan Chase & Co. reduced their target price on América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. The Goldman Sachs Group decreased their target price on shares of América Móvil from $17.60 to $17.30 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. StockNews.com upgraded shares of América Móvil from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Scotiabank decreased their price objective on shares of América Móvil from $17.30 to $13.70 and set a “sector perform” rating on the stock in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $17.15.

América Móvil Stock Performance

Shares of América Móvil stock opened at $14.30 on Wednesday. The stock has a market capitalization of $43.60 billion, a price-to-earnings ratio of 29.17, a price-to-earnings-growth ratio of 0.77 and a beta of 0.95. 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 business has a 50-day moving average of $14.35 and a 200 day moving average of $15.15. América Móvil, S.A.B. de C.V. has a 12 month low of $13.63 and a 12 month high of $20.31.

América Móvil (NYSE:AMX) last announced 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%. As a group, sell-side analysts forecast that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current year.

About América Móvil

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.