Renaissance Technologies LLC Sells 4,631 Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX)

Renaissance Technologies LLC cut its stake in América Móvil, S.A.B. de C.V. (NYSE:AMX) by 0.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,945,728 shares of the Wireless communications provider’s stock after selling 4,631 shares during the period. Renaissance Technologies LLC’s holdings in América Móvil were worth $33,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Capital International Investors raised its holdings in América Móvil by 4.4% in the 1st quarter. Capital International Investors now owns 65,339,145 shares of the Wireless communications provider’s stock valued at $1,219,228,000 after acquiring an additional 2,741,127 shares during the period. Lazard Asset Management LLC increased its stake in shares of América Móvil by 9.9% during the first quarter. Lazard Asset Management LLC now owns 12,528,301 shares of the Wireless communications provider’s stock worth $233,777,000 after purchasing an additional 1,128,671 shares during the period. Schroder Investment Management Group lifted its holdings in América Móvil by 178.8% during the 4th quarter. Schroder Investment Management Group now owns 9,821,322 shares of the Wireless communications provider’s stock worth $181,891,000 after purchasing an additional 6,298,239 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in América Móvil by 3.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,528,360 shares of the Wireless communications provider’s stock valued at $159,139,000 after purchasing an additional 245,113 shares during the period. Finally, Capital International Inc. CA grew its holdings in América Móvil by 9.5% in the 1st quarter. Capital International Inc. CA now owns 2,986,890 shares of the Wireless communications provider’s stock valued at $55,735,000 after buying an additional 258,203 shares in the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AMX. UBS Group reduced their target price on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating for the company in a research report on Thursday, July 18th. Scotiabank decreased their target price on shares of América Móvil from $19.00 to $18.90 and set a “sector perform” rating on the stock in a research report on Wednesday, July 17th. Finally, StockNews.com upgraded shares of América Móvil from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, América Móvil currently has an average rating of “Moderate Buy” and a consensus price target of $21.39.

América Móvil Trading Up 0.9 %

Shares of AMX opened at $16.90 on Thursday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.63 and a current ratio of 0.68. América Móvil, S.A.B. de C.V. has a 52-week low of $15.55 and a 52-week high of $20.31. The firm has a market cap of $52.47 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 0.98 and a beta of 0.95. The business’s fifty day moving average is $16.95 and its 200-day moving average is $17.91.

América Móvil (NYSE:AMX) last released its earnings results on Tuesday, July 16th. The Wireless communications provider reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.36). The business had revenue of $11.93 billion during the quarter, compared to the consensus estimate of $12.37 billion. América Móvil had a net margin of 3.98% and a return on equity of 7.73%. Equities analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.39 EPS 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.