BlackRock Advisors LLC cut its stake in Amer Movil (NYSE:AMX) by 25.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,966,384 shares of the company’s stock after selling 686,088 shares during the period. BlackRock Advisors LLC owned approximately 0.06% of Amer Movil worth $24,108,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMX. IFP Advisors Inc increased its position in Amer Movil by 3.9% in the first quarter. IFP Advisors Inc now owns 7,999 shares of the company’s stock worth $124,000 after buying an additional 303 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in Amer Movil during the second quarter worth approximately $185,000. CIBC World Markets Inc. increased its position in Amer Movil by 15.3% in the second quarter. CIBC World Markets Inc. now owns 15,309 shares of the company’s stock worth $188,000 after buying an additional 2,029 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in Amer Movil during the second quarter worth approximately $192,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in Amer Movil by 5.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 21,080 shares of the company’s stock worth $258,000 after buying an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 6.99% of the company’s stock.

Shares of Amer Movil (NYSE:AMX) opened at 11.74 on Friday. Amer Movil has a 1-year low of $11.02 and a 1-year high of $18.20. The firm has a 50-day moving average price of $11.81 and a 200-day moving average price of $13.02. The stock has a market cap of $38.56 billion, a price-to-earnings ratio of 29.35 and a beta of 1.04.

A number of analysts recently issued reports on the company. Credit Suisse Group AG restated a “hold” rating and issued a $12.00 price target on shares of Amer Movil in a research report on Wednesday. Barclays PLC lowered their price target on Amer Movil from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Monday, July 18th. Finally, BTIG Research assumed coverage on Amer Movil in a research report on Wednesday, June 22nd. They issued a “neutral” rating for the company. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $15.51.

Amer Movil 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

Receive News & Ratings for Amer Movil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amer Movil and related companies with MarketBeat.com's FREE daily email newsletter.