Credit Agricole S A Sells 8,274,000 Shares of America Movil, S.A.B. de C.V. (AMX)

Credit Agricole S A decreased its position in shares of America Movil, S.A.B. de C.V. (NYSE:AMX) by 25.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,025,380 shares of the company’s stock after selling 8,274,000 shares during the period. America Movil, S.A.B. de C.V. makes up 1.0% of Credit Agricole S A’s investment portfolio, making the stock its 12th largest position. Credit Agricole S A owned 0.73% of America Movil, S.A.B. de C.V. worth $301,999,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AMX. Lazard Asset Management LLC increased its stake in shares of America Movil, S.A.B. de C.V. by 82.3% in the third quarter. Lazard Asset Management LLC now owns 40,321,605 shares of the company’s stock valued at $461,279,000 after buying an additional 18,205,963 shares during the last quarter. Capital International Investors increased its stake in shares of America Movil, S.A.B. de C.V. by 19.1% in the third quarter. Capital International Investors now owns 28,356,582 shares of the company’s stock valued at $324,399,000 after buying an additional 4,549,410 shares during the last quarter. Westwood Global Investments LLC increased its stake in shares of America Movil, S.A.B. de C.V. by 3.0% in the fourth quarter. Westwood Global Investments LLC now owns 20,688,233 shares of the company’s stock valued at $260,051,000 after buying an additional 607,351 shares during the last quarter. Manning & Napier Advisors LLC increased its stake in shares of America Movil, S.A.B. de C.V. by 10.6% in the third quarter. Manning & Napier Advisors LLC now owns 16,172,031 shares of the company’s stock valued at $185,007,000 after buying an additional 1,552,680 shares during the last quarter. Finally, Fisher Asset Management LLC increased its stake in shares of America Movil, S.A.B. de C.V. by 12.7% in the third quarter. Fisher Asset Management LLC now owns 12,849,325 shares of the company’s stock valued at $146,996,000 after buying an additional 1,443,390 shares during the last quarter. Institutional investors and hedge funds own 7.87% of the company’s stock.

Institutional Ownership by Quarter for America Movil, S.A.B. de C.V. (NYSE:AMX)

Shares of America Movil, S.A.B. de C.V. (NYSE:AMX) traded up 0.46% on Tuesday, reaching $12.99. The company had a trading volume of 3,103,168 shares. The company’s 50 day moving average price is $12.65 and its 200-day moving average price is $12.11. The stock has a market capitalization of $42.53 billion, a P/E ratio of 108.25 and a beta of 0.70. America Movil, S.A.B. de C.V. has a 1-year low of $11.02 and a 1-year high of $15.95.

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Several brokerages have recently weighed in on AMX. Credit Suisse Group set a $13.00 price target on America Movil, S.A.B. de C.V. and gave the stock a “hold” rating in a report on Saturday, February 4th. Zacks Investment Research upgraded America Movil, S.A.B. de C.V. from a “sell” rating to a “hold” rating in a report on Tuesday, November 22nd. Deutsche Bank AG began coverage on America Movil, S.A.B. de C.V. in a report on Thursday, January 12th. They issued a “sell” rating and a $10.00 price target on the stock. Vetr downgraded America Movil, S.A.B. de C.V. from a “hold” rating to a “strong sell” rating and set a $11.56 price target on the stock. in a report on Monday, January 23rd. Finally, Citigroup Inc. upgraded America Movil, S.A.B. de C.V. from a “sell” rating to a “neutral” rating and increased their price target for the stock from $10.50 to $12.00 in a report on Friday, October 28th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $12.76.

America Movil, S.A.B. de C.V. Company Profile

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.

5 Day Chart for NYSE:AMX

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