Jefferies Group LLC Reduces Holdings in America Movil SAB de CV (AMX)

Jefferies Group LLC decreased its position in shares of America Movil SAB de CV (NYSE:AMX) by 43.3% during the 4th quarter, Holdings Channel reports. The firm owned 18,602 shares of the Wireless communications provider’s stock after selling 14,219 shares during the quarter. Jefferies Group LLC’s holdings in America Movil SAB de CV were worth $319,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the business. TCW Group Inc. acquired a new stake in shares of America Movil SAB de CV during the fourth quarter worth about $1,340,000. Dimensional Fund Advisors LP boosted its stake in shares of America Movil SAB de CV by 7.1% during the third quarter. Dimensional Fund Advisors LP now owns 4,114,643 shares of the Wireless communications provider’s stock worth $73,038,000 after buying an additional 271,328 shares during the period. Lenox Wealth Management Inc. boosted its stake in shares of America Movil SAB de CV by 39.4% during the third quarter. Lenox Wealth Management Inc. now owns 54,884 shares of the Wireless communications provider’s stock worth $974,000 after buying an additional 15,520 shares during the period. Nordea Investment Management AB boosted its stake in shares of America Movil SAB de CV by 17.6% during the third quarter. Nordea Investment Management AB now owns 438,104 shares of the Wireless communications provider’s stock worth $7,776,000 after buying an additional 65,593 shares during the period. Finally, Investors Research Corp acquired a new stake in shares of America Movil SAB de CV during the fourth quarter worth about $513,000. 7.71% of the stock is currently owned by institutional investors.

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Shares of America Movil SAB de CV (NYSE:AMX) opened at $18.65 on Monday. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.83 and a quick ratio of 0.73. The company has a market cap of $61,613.66, a PE ratio of 28.69, a P/E/G ratio of 0.31 and a beta of 0.53. America Movil SAB de CV has a 12-month low of $13.92 and a 12-month high of $19.52.

America Movil SAB de CV (NYSE:AMX) last announced its quarterly earnings data on Tuesday, February 13th. The Wireless communications provider reported ($0.16) EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.30). The firm had revenue of $13.92 billion during the quarter, compared to analyst estimates of $14.28 billion. America Movil SAB de CV had a net margin of 2.68% and a return on equity of 16.30%. equities analysts forecast that America Movil SAB de CV will post 1.09 EPS for the current year.

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of America Movil SAB de CV from an “underweight” rating to a “neutral” rating in a research note on Thursday, February 15th. Scotiabank set a $20.00 target price on shares of America Movil SAB de CV and gave the stock a “buy” rating in a research note on Wednesday, February 14th. ValuEngine upgraded shares of America Movil SAB de CV from a “hold” rating to a “buy” rating in a research note on Friday, February 9th. Barclays reiterated a “buy” rating and set a $21.00 target price on shares of America Movil SAB de CV in a research note on Friday, January 19th. Finally, Santander upgraded shares of America Movil SAB de CV from a “hold” rating to a “buy” rating in a research note on Thursday, December 21st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $19.00.

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About America Movil SAB de CV

America Movil, SAB. de C.V. is a holding company. The Company provides telecommunications services. Its services include mobile and fixed-line voice services, wireless and fixed data services, Internet access and pay television, sales of equipment, accessories and computers, as well as other related services.

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Institutional Ownership by Quarter for America Movil SAB de CV (NYSE:AMX)

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