JPMorgan Chase & Co. Cuts Stake in América Móvil, S.A.B. de C.V. (NYSE:AMX)

JPMorgan Chase & Co. cut its holdings in América Móvil, S.A.

B. de C.V.



( NYSE:AMX – Free Report ) by 35.0% in the fourth quarter, Holdings Channel reports. The fund owned 546,552 shares of the Wireless communications provider’s stock after selling 294,783 shares during the quarter.

JPMorgan Chase & Co.’s holdings in América Móvil were worth $7,821,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business.

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of América Móvil by 55.

7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd.

now owns 16,872 shares of the Wireless communications provider’s stock valued at $243,000 after purchasing an additional 6,033 shares in the last quarter. Farther Finance Advisors LLC boosted its position in América Móvil by 82.5% during the 4th quarter.

Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider’s stock valued at $45,000 after acquiring an additional 1,414 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of América Móvil by 57.

8% in the 4th quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider’s stock valued at $79,000 after acquiring an additional 2,028 shares during the period.

Empirical Asset Management LLC bought a new position in shares of América Móvil in the 4th quarter worth $487,000. Finally, Barclays PLC lifted its stake in shares of América Móvil by 36,692.9% during the 3rd quarter.

Barclays PLC now owns 150,115 shares of the Wireless communications provider’s stock worth $2,456,000 after purchasing an additional 149,707 shares during the last quarter. 6.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In A number of equities analysts have commented on AMX shares. Scotiabank reduced their target price on shares of América Móvil from $17.30 to $13.

70 and set a “sector perform” rating for the company in a report on Thursday, February 13th. JPMorgan Chase & Co. reduced their price objective 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. Hsbc Global Res upgraded shares of América Móvil from a “hold” rating to a “strong-buy” rating in a research note on Monday.

StockNews.com raised América Móvil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 15th. Finally, HSBC raised América Móvil from a “hold” rating to a “buy” rating and raised their price objective for the stock from $15.

50 to $17.50 in a research report on Monday. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock.

Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.22. América Móvil Price Performance Shares of AMX opened at $15.

29 on Thursday. 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 company’s fifty day moving average price is $14.

45 and its 200-day moving average price is $14.84. América Móvil, S.

A.B. de C.

V. has a 1-year low of $13.10 and a 1-year high of $20.

31. The firm has a market capitalization of $46.63 billion, a PE ratio of 31.

20, a price-to-earnings-growth ratio of 0.77 and a beta of 0.79.

América Móvil ( NYSE:AMX – Get Free Report ) last posted its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.

42 by ($0.27). América Móvil had a net margin of 3.

25% and a return on equity of 6.38%. On average, equities research analysts predict that América Móvil, S.

A.B. de C.

V. will post 1.51 EPS for the current year.

América Móvil Company Profile ( Free Report ) 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.

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B. de C.V.

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