America Movil SAB de CV ADR Series L (AMX) Downgraded to Market Perform at Itau BBA Securities

America Movil SAB de CV ADR Series L (NYSE:AMX) was downgraded by research analysts at Itau BBA Securities from an “outperform” rating to a “market perform” rating in a research note issued to investors on Wednesday, The Fly reports.

Several other equities research analysts have also weighed in on AMX. Zacks Investment Research reissued a “strong sell” rating on shares of America Movil SAB de CV ADR Series L in a report on Monday, December 31st. TheStreet raised America Movil SAB de CV ADR Series L from a “c” rating to a “b-” rating in a report on Monday, October 22nd. ValuEngine lowered America Movil SAB de CV ADR Series L from a “hold” rating to a “sell” rating in a report on Monday, November 26th. Bradesco Corretora raised America Movil SAB de CV ADR Series L to a “neutral” rating in a report on Monday, November 26th. Finally, Scotiabank set a $19.00 price objective on America Movil SAB de CV ADR Series L and gave the stock a “buy” rating in a report on Wednesday, November 28th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $19.57.

AMX traded down $1.14 during trading hours on Wednesday, hitting $14.62. The stock had a trading volume of 6,341,496 shares, compared to its average volume of 2,430,970. America Movil SAB de CV ADR Series L has a 1 year low of $12.00 and a 1 year high of $19.91. The firm has a market cap of $52.56 billion, a P/E ratio of 21.50, a price-to-earnings-growth ratio of 0.75 and a beta of 0.38. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.68 and a current ratio of 0.78.

A number of hedge funds and other institutional investors have recently modified their holdings of AMX. Schroder Investment Management Group boosted its stake in America Movil SAB de CV ADR Series L by 103.8% in the 3rd quarter. Schroder Investment Management Group now owns 20,062,029 shares of the Wireless communications provider’s stock worth $322,196,000 after purchasing an additional 10,218,271 shares during the period. BlackRock Inc. boosted its stake in America Movil SAB de CV ADR Series L by 22.1% in the 4th quarter. BlackRock Inc. now owns 14,347,082 shares of the Wireless communications provider’s stock worth $204,447,000 after purchasing an additional 2,594,426 shares during the period. FMR LLC boosted its stake in America Movil SAB de CV ADR Series L by 93.7% in the 3rd quarter. FMR LLC now owns 3,191,801 shares of the Wireless communications provider’s stock worth $51,261,000 after purchasing an additional 1,543,811 shares during the period. Acadian Asset Management LLC boosted its stake in America Movil SAB de CV ADR Series L by 180.2% in the 4th quarter. Acadian Asset Management LLC now owns 1,585,707 shares of the Wireless communications provider’s stock worth $22,595,000 after purchasing an additional 1,019,786 shares during the period. Finally, Teachers Advisors LLC bought a new position in America Movil SAB de CV ADR Series L in the 3rd quarter worth about $14,692,000. Institutional investors and hedge funds own 7.47% of the company’s stock.

About America Movil SAB de CV ADR Series L

América Móvil, SAB. de C.V. provides telecommunications services in Latin America, the United States, the Caribbean, and Europe. 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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