América Móvil, S.A.B. de C.V. (NYSE:AMX) Shares Sold by Bank of New Hampshire

Bank of New Hampshire lowered its position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) by 67.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,676 shares of the Wireless communications provider’s stock after selling 45,635 shares during the quarter. Bank of New Hampshire’s holdings in América Móvil were worth $355,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Headlands Technologies LLC increased its position in shares of América Móvil by 448.5% during the first quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider’s stock worth $81,000 after purchasing an additional 3,539 shares in the last quarter. Capstone Investment Advisors LLC acquired a new stake in shares of América Móvil in the first quarter valued at about $1,353,000. Cetera Investment Advisers lifted its stake in shares of América Móvil by 43.9% in the first quarter. Cetera Investment Advisers now owns 117,758 shares of the Wireless communications provider’s stock worth $2,197,000 after buying an additional 35,930 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in América Móvil by 30.8% during the second quarter. Envestnet Asset Management Inc. now owns 972,542 shares of the Wireless communications provider’s stock worth $16,533,000 after acquiring an additional 228,856 shares during the last quarter. Finally, Seven Eight Capital LP purchased a new stake in América Móvil during the 1st quarter valued at about $679,000. Institutional investors and hedge funds own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AMX shares. UBS Group lowered their target price on América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a report on Thursday, July 18th. Scotiabank lowered their price objective on América Móvil from $18.90 to $17.80 and set a “sector perform” rating on the stock in a research note on Friday, September 20th. Finally, StockNews.com began coverage on América Móvil in a research note on Wednesday, October 2nd. They issued a “strong-buy” rating for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.60.

América Móvil Trading Down 2.9 %

AMX opened at $16.09 on Tuesday. The stock has a market capitalization of $49.94 billion, a PE ratio of 14.89, a P/E/G ratio of 0.98 and a beta of 0.95. América Móvil, S.A.B. de C.V. has a one year low of $15.55 and a one year high of $20.31. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.63 and a current ratio of 0.68. The business’s 50 day moving average price is $16.61 and its 200 day moving average price is $17.67.

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