Raymond James & Associates Has $1.72 Million Stake in America Movil SAB de CV ADR Series L (AMX)

Raymond James & Associates trimmed its stake in shares of America Movil SAB de CV ADR Series L (NYSE:AMX) by 9.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 102,924 shares of the Wireless communications provider’s stock after selling 10,219 shares during the period. Raymond James & Associates’ holdings in America Movil SAB de CV ADR Series L were worth $1,715,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMX. IPG Investment Advisors LLC acquired a new position in America Movil SAB de CV ADR Series L during the second quarter valued at $2,036,000. TD Asset Management Inc. acquired a new position in America Movil SAB de CV ADR Series L during the second quarter valued at $1,537,000. State of New Jersey Common Pension Fund D raised its position in America Movil SAB de CV ADR Series L by 19.2% during the second quarter. State of New Jersey Common Pension Fund D now owns 2,141,328 shares of the Wireless communications provider’s stock valued at $35,674,000 after buying an additional 344,618 shares during the period. JPMorgan Chase & Co. raised its position in America Movil SAB de CV ADR Series L by 1.1% during the first quarter. JPMorgan Chase & Co. now owns 558,123 shares of the Wireless communications provider’s stock valued at $10,654,000 after buying an additional 6,271 shares during the period. Finally, Exane Derivatives raised its position in America Movil SAB de CV ADR Series L by 37.1% during the second quarter. Exane Derivatives now owns 18,506 shares of the Wireless communications provider’s stock valued at $307,000 after buying an additional 5,007 shares during the period. 7.57% of the stock is owned by institutional investors and hedge funds.

Shares of AMX stock opened at $15.34 on Friday. 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 has a fifty-two week low of $14.85 and a fifty-two week high of $19.91. The stock has a market capitalization of $53.06 billion, a price-to-earnings ratio of 22.50, a PEG ratio of 1.02 and a beta of 0.50.

America Movil SAB de CV ADR Series L (NYSE:AMX) last issued its earnings results on Wednesday, July 18th. The Wireless communications provider reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.15). 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%. The firm had revenue of $13.29 billion during the quarter, compared to analyst estimates of $12.71 billion. Equities research analysts expect that America Movil SAB de CV ADR Series L will post 0.94 earnings per share for the current fiscal year.

Several research firms recently weighed in on AMX. Zacks Investment Research raised America Movil SAB de CV ADR Series L from a “strong sell” rating to a “hold” rating in a research report on Friday. Bank of America upped their price target on America Movil SAB de CV ADR Series L from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, August 7th. Royal Bank of Canada reissued a “sell” rating and set a $16.00 price target on shares of America Movil SAB de CV ADR Series L in a research report on Tuesday, July 31st. ValuEngine lowered America Movil SAB de CV ADR Series L from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Finally, TheStreet lowered America Movil SAB de CV ADR Series L from a “b-” rating to a “c” rating in a research report on Monday, July 23rd. Two analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $20.29.

About America Movil SAB de CV ADR Series L

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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