Auxier Asset Management Sells 22,450 Shares of America Movil SAB de CV ADR Series L (AMX)

Auxier Asset Management decreased its holdings in America Movil SAB de CV ADR Series L (NYSE:AMX) by 5.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 359,269 shares of the Wireless communications provider’s stock after selling 22,450 shares during the period. America Movil SAB de CV ADR Series L makes up approximately 1.2% of Auxier Asset Management’s investment portfolio, making the stock its 25th largest position. Auxier Asset Management’s holdings in America Movil SAB de CV ADR Series L were worth $5,985,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in AMX. IPG Investment Advisors LLC purchased a new position in shares of America Movil SAB de CV ADR Series L during the 2nd quarter worth approximately $2,036,000. TD Asset Management Inc. purchased a new position in shares of America Movil SAB de CV ADR Series L during the 2nd quarter worth approximately $1,537,000. State of New Jersey Common Pension Fund D boosted its position in shares of America Movil SAB de CV ADR Series L by 19.2% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 2,141,328 shares of the Wireless communications provider’s stock worth $35,674,000 after purchasing an additional 344,618 shares during the period. JPMorgan Chase & Co. boosted its position in shares of America Movil SAB de CV ADR Series L by 1.1% during the 1st quarter. JPMorgan Chase & Co. now owns 558,123 shares of the Wireless communications provider’s stock worth $10,654,000 after purchasing an additional 6,271 shares during the period. Finally, OMERS ADMINISTRATION Corp boosted its position in shares of America Movil SAB de CV ADR Series L by 26.9% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 95,300 shares of the Wireless communications provider’s stock worth $1,819,000 after purchasing an additional 20,200 shares during the period. Institutional investors own 7.57% of the company’s stock.

A number of research firms recently weighed in on AMX. UBS Group cut shares of America Movil SAB de CV ADR Series L from a “neutral” rating to an “underperform” rating in a research report on Thursday. Deutsche Bank began coverage on shares of America Movil SAB de CV ADR Series L in a research report on Monday, June 25th. They set a “hold” rating and a $18.00 price objective for the company. Royal Bank of Canada reaffirmed a “sell” rating and set a $16.00 price objective on shares of America Movil SAB de CV ADR Series L in a research report on Tuesday, July 31st. Bank of America increased their price objective on shares of America Movil SAB de CV ADR Series L from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Finally, TheStreet cut shares of America Movil SAB de CV ADR Series L from a “b-” rating to a “c” rating in a research report on Monday, July 23rd. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. America Movil SAB de CV ADR Series L presently has an average rating of “Hold” and an average target price of $20.29.

America Movil SAB de CV ADR Series L stock opened at $17.05 on Friday. The company has a market cap of $53.52 billion, a price-to-earnings ratio of 25.07, a price-to-earnings-growth ratio of 1.03 and a beta of 0.50. America Movil SAB de CV ADR Series L has a 52-week low of $14.85 and a 52-week high of $19.91. The company has a current ratio of 0.80, a quick ratio of 0.72 and a debt-to-equity ratio of 2.79.

America Movil SAB de CV ADR Series L (NYSE:AMX) last released its earnings results on Wednesday, July 18th. The Wireless communications provider reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.15). The business had revenue of $13.29 billion for the quarter, compared to analyst estimates of $12.71 billion. America Movil SAB de CV ADR Series L had a positive return on equity of 4.72% and a negative net margin of 0.25%. equities analysts expect that America Movil SAB de CV ADR Series L will post 0.94 earnings per share for the current fiscal year.

America Movil SAB de CV ADR Series L Company Profile

América Móvil, SAB. de C.V. provides telecommunications services in Mexico and internationally. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It also provides data services, such as Internet access, messaging, and other wireless entertainment and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and data center, data administration, and hosting services to residential and corporate clients, as well as residential broadband services.

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Institutional Ownership by Quarter for America Movil SAB de CV ADR Series L (NYSE:AMX)

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