Allspring Global Investments Holdings LLC Sells 152,696 Shares of America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Allspring Global Investments Holdings LLC reduced its position in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 5.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,589,651 shares of the Wireless communications provider’s stock after selling 152,696 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in America Movil were worth $53,528,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in AMX. American Century Companies Inc. raised its stake in America Movil by 79.4% in the 3rd quarter. American Century Companies Inc. now owns 2,445,349 shares of the Wireless communications provider’s stock worth $51,352,000 after purchasing an additional 1,082,493 shares in the last quarter. TrueMark Investments LLC bought a new stake in America Movil in the 3rd quarter valued at about $2,350,000. Citigroup Inc. grew its position in shares of America Movil by 21.3% during the 3rd quarter. Citigroup Inc. now owns 348,781 shares of the Wireless communications provider’s stock worth $7,324,000 after purchasing an additional 61,234 shares in the last quarter. GAM Holding AG bought a new position in shares of America Movil during the third quarter worth approximately $1,619,000. Finally, Bailard Inc. bought a new position in shares of America Movil during the third quarter worth approximately $1,050,000. 6.30% of the stock is currently owned by institutional investors.

America Movil Stock Performance

Shares of America Movil stock opened at $25.58 on Thursday. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.01. The company has a market cap of $77.11 billion, a PE ratio of 17.88 and a beta of 0.71. The company has a 50 day moving average of $23.49 and a 200-day moving average of $22.25. America Movil, S.A.B. de C.V. Unsponsored ADR has a 1-year low of $13.10 and a 1-year high of $26.16.

America Movil (NYSE:AMX) last announced its quarterly earnings data on Thursday, February 12th. The Wireless communications provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). America Movil had a net margin of 8.78% and a return on equity of 18.92%. The firm had revenue of $13.59 billion during the quarter, compared to the consensus estimate of $13.09 billion. As a group, equities research analysts forecast that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on AMX. Weiss Ratings reiterated a “hold (c)” rating on shares of America Movil in a research note on Wednesday, January 21st. Bank of America began coverage on America Movil in a research note on Thursday, December 11th. They set a “neutral” rating and a $26.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on America Movil from $23.50 to $24.50 and gave the company a “neutral” rating in a report on Wednesday, March 11th. Zacks Research downgraded America Movil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 10th. Finally, UBS Group reissued a “buy” rating and set a $30.00 target price (up from $23.60) on shares of America Movil in a report on Tuesday, February 24th. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, America Movil has an average rating of “Hold” and an average target price of $23.73.

America Movil Company Profile

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.