ABS Direct Equity Fund LLC Has $3.10 Million Stock Position in América Móvil, S.A.B. de C.V. (NYSE:AMX)

ABS Direct Equity Fund LLC decreased its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 47.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 216,800 shares of the Wireless communications provider’s stock after selling 197,122 shares during the period. América Móvil comprises 3.6% of ABS Direct Equity Fund LLC’s portfolio, making the stock its 11th biggest holding. ABS Direct Equity Fund LLC’s holdings in América Móvil were worth $3,102,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of América Móvil by 76.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 736,107 shares of the Wireless communications provider’s stock worth $12,043,000 after purchasing an additional 317,800 shares during the period. AQR Capital Management LLC grew its stake in América Móvil by 343.1% in the 2nd quarter. AQR Capital Management LLC now owns 294,907 shares of the Wireless communications provider’s stock valued at $5,013,000 after buying an additional 228,353 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in América Móvil by 1,545.1% during the 3rd 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 last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of América Móvil by 19.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 910,988 shares of the Wireless communications provider’s stock valued at $14,904,000 after acquiring an additional 151,114 shares during the period. Finally, Barclays PLC boosted its stake in shares of América Móvil by 36,692.9% in the third quarter. Barclays PLC now owns 150,115 shares of the Wireless communications provider’s stock valued at $2,456,000 after buying an additional 149,707 shares during the period. 6.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AMX shares. StockNews.com raised América Móvil from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Scotiabank dropped 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. The Goldman Sachs Group lowered their target price on América Móvil from $20.80 to $17.80 and set a “buy” rating on the stock in a research note on Friday, November 15th. Finally, JPMorgan Chase & Co. reduced their target price 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $18.98.

América Móvil Stock Down 0.2 %

América Móvil stock opened at $14.11 on Tuesday. 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 stock has a market cap of $43.30 billion, a PE ratio of 21.05, a price-to-earnings-growth ratio of 0.73 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. The stock has a fifty day moving average of $14.46 and a 200 day moving average of $15.83.

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.