América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its holdings in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 8.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,220 shares of the Wireless communications provider’s stock after selling 3,394 shares during the quarter. PNC Financial Services Group Inc.’s holdings in América Móvil were worth $533,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Gateway Investment Advisers LLC raised its stake in América Móvil by 17.3% during the fourth quarter. Gateway Investment Advisers LLC now owns 12,835 shares of the Wireless communications provider’s stock worth $184,000 after purchasing an additional 1,893 shares during the period. Blue Trust Inc. raised its stake in América Móvil by 57.8% during the fourth quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider’s stock worth $79,000 after purchasing an additional 2,028 shares during the period. Hantz Financial Services Inc. raised 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 worth $1,205,000 after purchasing an additional 2,177 shares during the period. Spire Wealth Management purchased a new position in América Móvil during the fourth quarter worth about $32,000. Finally, Crossmark Global Holdings Inc. raised its stake in América Móvil by 1.9% during the fourth quarter. Crossmark Global Holdings Inc. now owns 148,194 shares of the Wireless communications provider’s stock worth $2,120,000 after purchasing an additional 2,732 shares during the period. 6.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on AMX shares. The Goldman Sachs Group reduced 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 note on Wednesday, February 19th. Scotiabank reduced 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. StockNews.com raised shares of América Móvil from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 15th. Finally, JPMorgan Chase & Co. reduced their price target on shares of América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, América Móvil presently has an average rating of “Moderate Buy” and an average target price of $17.15.

América Móvil Price Performance

América Móvil stock opened at $14.15 on Thursday. The company’s 50 day simple moving average is $14.35 and its 200-day simple moving average is $15.15. The company has a market capitalization of $43.14 billion, a price-to-earnings ratio of 28.87, 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 debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72.

América Móvil (NYSE:AMX) last announced its 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 return on equity of 6.38% and a net margin of 3.25%. As a group, equities research analysts expect that América Móvil, S.A.B. de C.V. will post 1.51 earnings per share for the current 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.