Brandes Investment Partners LP Sells 371,889 Shares of America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Brandes Investment Partners LP trimmed its holdings in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 11.9% in the 4th quarter, Holdings Channel reports. The fund owned 2,762,821 shares of the Wireless communications provider’s stock after selling 371,889 shares during the quarter. Brandes Investment Partners LP’s holdings in America Movil were worth $57,108,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Lazard Asset Management LLC boosted its position in shares of America Movil by 8.8% in the third quarter. Lazard Asset Management LLC now owns 17,703,513 shares of the Wireless communications provider’s stock valued at $371,774,000 after acquiring an additional 1,430,626 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of America Movil by 93.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 8,376,918 shares of the Wireless communications provider’s stock valued at $173,151,000 after acquiring an additional 4,053,838 shares during the period. Boston Partners boosted its position in shares of America Movil by 9.2% in the third quarter. Boston Partners now owns 4,508,739 shares of the Wireless communications provider’s stock valued at $94,684,000 after acquiring an additional 381,472 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of America Movil by 2.9% in the third quarter. Dimensional Fund Advisors LP now owns 4,143,980 shares of the Wireless communications provider’s stock valued at $87,023,000 after acquiring an additional 118,668 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of America Movil by 79.4% in the third quarter. American Century Companies Inc. now owns 2,445,349 shares of the Wireless communications provider’s stock valued at $51,352,000 after acquiring an additional 1,082,493 shares during the period. 6.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price objective on America Movil from $24.50 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. UBS Group increased their price objective on America Movil to $31.50 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Wall Street Zen cut America Movil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 18th. Weiss Ratings raised America Movil from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Finally, The Goldman Sachs Group started coverage on America Movil in a research report on Monday, May 18th. They issued a “buy” rating and a $31.80 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $27.02.

America Movil Stock Up 1.7%

Shares of AMX stock opened at $25.29 on Wednesday. The stock has a market cap of $76.13 billion, a P/E ratio of 16.11, a price-to-earnings-growth ratio of 0.89 and a beta of 0.66. America Movil, S.A.B. de C.V. Unsponsored ADR has a one year low of $16.87 and a one year high of $27.80. The stock has a fifty day moving average price of $26.16 and a 200 day moving average price of $23.67. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.72 and a quick ratio of 0.67.

America Movil (NYSE:AMX) last issued its earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 EPS for the quarter. The firm had revenue of $13.24 billion during the quarter. America Movil had a return on equity of 19.77% and a net margin of 9.23%. Analysts predict that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.84 earnings per share for the current 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.