America Movil, S.A.B. de C.V. Unsponsored ADR $AMX Shares Sold by Capital International Ltd. CA

Capital International Ltd. CA cut its position in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 17.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 558,108 shares of the Wireless communications provider’s stock after selling 121,298 shares during the quarter. Capital International Ltd. CA’s holdings in America Movil were worth $11,536,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AMX. American Century Companies Inc. raised its stake in America Movil by 79.4% during the 3rd 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 last quarter. Citigroup Inc. raised its stake in America Movil by 21.3% during the 3rd quarter. Citigroup Inc. now owns 348,781 shares of the Wireless communications provider’s stock valued at $7,324,000 after acquiring an additional 61,234 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in America Movil by 93.8% during the 4th 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 last quarter. AIA Group Ltd raised its stake in America Movil by 21.7% during the 3rd quarter. AIA Group Ltd now owns 329,286 shares of the Wireless communications provider’s stock valued at $6,915,000 after acquiring an additional 58,693 shares during the last quarter. Finally, Capital Wealth Planning LLC purchased a new stake in America Movil during the 3rd quarter valued at approximately $4,511,000. 6.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on AMX shares. JPMorgan Chase & Co. upped their price objective on America Movil from $24.50 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. UBS Group upped their price objective on America Movil to $31.50 and gave the company a “buy” rating in a research note on Thursday, April 23rd. The Goldman Sachs Group started coverage on America Movil in a research note on Monday, May 18th. They set a “buy” rating and a $31.80 price objective for the company. Weiss Ratings raised America Movil from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Finally, New Street Research raised America Movil from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, America Movil currently has a consensus rating of “Hold” and a consensus target price of $27.02.

America Movil Stock Performance

Shares of AMX stock opened at $24.83 on Friday. The company has a market cap of $74.74 billion, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 0.89 and a beta of 0.66. The stock has a 50 day simple moving average of $26.15 and a 200-day simple moving average of $23.64. America Movil, S.A.B. de C.V. Unsponsored ADR has a 12-month low of $16.60 and a 12-month high of $27.80. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.97.

America Movil (NYSE:AMX) last issued its earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 earnings per share (EPS) for the quarter. The business 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%. On average, equities analysts forecast that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.84 EPS for the current 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.