Investors Research Corp Sells 23,601 Shares of America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Investors Research Corp lowered its holdings in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 91.8% during the fourth quarter, HoldingsChannel reports. The firm owned 2,100 shares of the Wireless communications provider’s stock after selling 23,601 shares during the quarter. Investors Research Corp’s holdings in America Movil were worth $43,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Trust Co. of Vermont acquired a new position in shares of America Movil in the 3rd quarter valued at approximately $31,000. EverSource Wealth Advisors LLC raised its holdings in America Movil by 142.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock worth $38,000 after buying an additional 1,235 shares during the period. Geneos Wealth Management Inc. bought a new position in America Movil in the second quarter valued at approximately $54,000. Global Retirement Partners LLC lifted its stake 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 valued at $82,000 after buying an additional 1,359 shares in the last quarter. Finally, National Bank of Canada FI boosted its holdings in shares of America Movil by 71.0% in the third quarter. National Bank of Canada FI now owns 4,301 shares of the Wireless communications provider’s stock valued at $91,000 after buying an additional 1,786 shares during the period. Institutional investors own 6.30% of the company’s stock.

Analyst Ratings Changes

AMX has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of America Movil in a report on Wednesday, January 21st. JPMorgan Chase & Co. upped their target price on shares of America Movil from $23.50 to $24.50 and gave the stock a “neutral” rating in a research note on Wednesday, March 11th. UBS Group reiterated a “buy” rating and set a $30.00 target price (up from $23.60) on shares of America Movil in a report on Tuesday, February 24th. Zacks Research downgraded America Movil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Finally, Santander lowered America Movil from an “outperform” rating to a “neutral” rating in a report on Friday, December 12th. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $23.40.

America Movil Stock Performance

Shares of AMX stock opened at $23.34 on Friday. The company’s fifty day simple moving average is $22.78 and its 200-day simple moving average is $21.95. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.01. The firm has a market cap of $70.36 billion, a PE ratio of 16.32 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.

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

America Movil Profile

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.