Capital International Sarl Trims Stake in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Capital International Sarl reduced its stake in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 18.4% in the 4th quarter, Holdings Channel reports. The fund owned 1,086,490 shares of the Wireless communications provider’s stock after selling 245,458 shares during the period. Capital International Sarl’s holdings in America Movil were worth $22,458,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Camelot Portfolios LLC purchased a new position in America Movil during the fourth quarter valued at approximately $31,000. EverSource Wealth Advisors LLC raised its position in 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 acquiring an additional 1,235 shares in the last quarter. Beacon Financial Strategies CORP purchased a new position in America Movil during the fourth quarter valued at approximately $43,000. Geneos Wealth Management Inc. purchased a new position in America Movil during the second quarter valued at approximately $54,000. Finally, National Bank of Canada FI raised its position in America Movil by 71.0% during 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 acquiring an additional 1,786 shares in the last quarter. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on AMX shares. Scotiabank reduced their price target on America Movil from $21.80 to $20.80 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th. The Goldman Sachs Group started coverage on America Movil in a research report on Monday, May 18th. They set a “buy” rating and a $31.80 price target for the company. Weiss Ratings upgraded America Movil from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. JPMorgan Chase & Co. lifted their price target on America Movil from $24.50 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Finally, Wall Street Zen cut America Movil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 18th. One investment 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $27.02.

America Movil Stock Down 2.0%

America Movil stock opened at $24.83 on Friday. The stock has a market capitalization of $74.74 billion, a PE ratio of 15.81, 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 12 month low of $16.60 and a 12 month high of $27.80. The business has a 50 day simple moving average of $26.15 and a 200-day simple moving average of $23.64. 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 posted its quarterly earnings data on Tuesday, March 31st. The Wireless communications provider reported $0.02 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, analysts anticipate that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.84 EPS 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.