America Movil, S.A.B. de C.V. Unsponsored ADR $AMX Position Cut by Capital International Investors

Capital International Investors lowered its holdings in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 1.7% during the 3rd quarter, Holdings Channel reports. The fund owned 56,261,015 shares of the Wireless communications provider’s stock after selling 992,366 shares during the period. Capital International Investors’ holdings in America Movil were worth $1,181,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in AMX. Trust Co. of Vermont bought a new position in shares of America Movil in the third quarter worth $31,000. EverSource Wealth Advisors LLC raised its stake in shares of America Movil by 142.3% during the second quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock valued at $38,000 after purchasing an additional 1,235 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in America Movil in the second quarter worth about $54,000. Global Retirement Partners LLC lifted its holdings in America Movil by 53.8% in the third quarter. Global Retirement Partners LLC now owns 3,883 shares of the Wireless communications provider’s stock worth $82,000 after purchasing an additional 1,359 shares during the period. Finally, Parallel Advisors LLC grew its position in America Movil by 41.3% in the 3rd quarter. Parallel Advisors LLC now owns 5,835 shares of the Wireless communications provider’s stock valued at $123,000 after buying an additional 1,706 shares in the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on AMX. Zacks Research downgraded shares of America Movil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 10th. UBS Group reiterated a “buy” rating and set a $30.00 price objective (up from $23.60) on shares of America Movil in a research note on Tuesday, February 24th. Bank of America began coverage on America Movil in a report on Thursday, December 11th. They set a “neutral” rating and a $26.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of America Movil in a research note on Wednesday, January 21st. Finally, Santander cut America Movil from an “outperform” rating to a “neutral” rating in a research report on Friday, December 12th. Three analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $23.26.

America Movil Stock Up 1.1%

AMX stock opened at $24.00 on Tuesday. The firm has a market cap of $72.35 billion, a PE ratio of 16.78 and a beta of 0.72. America Movil, S.A.B. de C.V. Unsponsored ADR has a 12 month low of $13.10 and a 12 month high of $26.16. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.74 and a quick ratio of 0.68. The firm has a 50 day simple moving average of $22.24 and a 200 day simple moving average of $21.75.

America Movil (NYSE:AMX) last posted its quarterly earnings results on Thursday, February 12th. The Wireless communications provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.08). The business had revenue of $13.59 billion during the quarter, compared to analyst estimates of $13.09 billion. America Movil had a return on equity of 18.92% and a net margin of 8.78%. Equities research analysts forecast that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 earnings per share for the current fiscal year.

About America Movil

América Móvil is a Mexican telecommunications company headquartered in Mexico City that provides a broad range of communications services. Established in the early 2000s out of the expansion of the Slim family’s telecommunications holdings, the company is a major provider of mobile and fixed-line telephony, broadband internet and pay-television services in the region. Its operations span retail consumer services as well as wholesale and enterprise solutions, positioning it as an integrated communications provider across multiple customer segments.

The company markets services under several regional brands—most notably Telcel in Mexico and Claro across many Latin American markets—and offers both prepaid and postpaid mobile plans, fixed and mobile broadband, fiber-to-the-home where available, and video/broadcast distribution services.