América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Sold by Discovery Capital Management LLC CT

Discovery Capital Management LLC CT lowered its stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 9.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,673,888 shares of the Wireless communications provider’s stock after selling 180,100 shares during the quarter. América Móvil comprises 1.7% of Discovery Capital Management LLC CT’s portfolio, making the stock its 21st largest position. Discovery Capital Management LLC CT’s holdings in América Móvil were worth $23,953,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the company. Citigroup Inc. grew its stake in América Móvil by 32.5% in the third quarter. Citigroup Inc. now owns 221,008 shares of the Wireless communications provider’s stock worth $3,616,000 after purchasing an additional 54,245 shares in the last quarter. FMR LLC increased its position in shares of América Móvil by 125.6% during the 3rd quarter. FMR LLC now owns 65,590 shares of the Wireless communications provider’s stock valued at $1,073,000 after purchasing an additional 36,520 shares during the period. Hantz Financial Services Inc. lifted its stake in América Móvil by 3.0% during 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 purchasing an additional 2,177 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in América Móvil by 8.7% during the third quarter. Rockefeller Capital Management L.P. now owns 559,236 shares of the Wireless communications provider’s stock valued at $9,151,000 after buying an additional 44,631 shares in the last quarter. Finally, Quantinno Capital Management LP acquired a new position in América Móvil during the third quarter valued at $234,000. Hedge funds and other institutional investors own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Scotiabank cut 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 research report on Thursday, February 13th. StockNews.com upgraded América Móvil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 15th. The Goldman Sachs Group cut their price objective on América Móvil from $17.60 to $17.30 and set a “buy” rating for the company in a research report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. lowered their price target on shares of 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 research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.15.

América Móvil Trading Down 1.3 %

Shares of AMX stock opened at $14.22 on Tuesday. The stock has a market cap of $43.36 billion, a P/E ratio of 29.01, a price-to-earnings-growth ratio of 0.77 and a beta of 0.95. América Móvil, S.A.B. de C.V. has a 1 year low of $13.63 and a 1 year 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 50 day simple moving average of $14.42 and a 200 day simple moving average of $15.03.

América Móvil (NYSE:AMX) last issued its earnings results 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%. On average, research analysts predict that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current fiscal 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.