Capital Group Investment Management PTE. LTD. Reduces Stock Holdings in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Capital Group Investment Management PTE. LTD. trimmed its position in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 17.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 116,927 shares of the Wireless communications provider’s stock after selling 24,033 shares during the period. Capital Group Investment Management PTE. LTD.’s holdings in America Movil were worth $2,417,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of AMX. Camelot Portfolios LLC bought a new position in shares of America Movil in the fourth quarter worth about $31,000. EverSource Wealth Advisors LLC raised its stake in America Movil by 142.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock valued at $38,000 after purchasing an additional 1,235 shares during the period. Beacon Financial Strategies CORP bought a new stake in America Movil during the 4th quarter valued at approximately $43,000. Geneos Wealth Management Inc. bought a new stake in America Movil during the 2nd quarter valued at approximately $54,000. Finally, National Bank of Canada FI raised its stake in America Movil by 71.0% during the 3rd quarter. National Bank of Canada FI now owns 4,301 shares of the Wireless communications provider’s stock valued at $91,000 after purchasing an additional 1,786 shares during the period. 6.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on America Movil from $24.50 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. New Street Research raised America Movil from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 7th. Weiss Ratings raised America Movil from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Wall Street Zen downgraded America Movil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 18th. Finally, UBS Group lifted their price objective on America Movil to $31.50 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $27.02.

America Movil Price Performance

AMX opened at $24.83 on Friday. The business has a fifty day moving average of $26.15 and a 200 day moving average of $23.64. America Movil, S.A.B. de C.V. Unsponsored ADR has a 52-week low of $16.60 and a 52-week high of $27.80. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.97. The stock has a market cap of $74.74 billion, a P/E ratio of 15.81, a PEG ratio of 0.89 and a beta of 0.66.

America Movil (NYSE:AMX) last issued its earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 earnings per share 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%. As a group, sell-side analysts anticipate that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.84 EPS for the current 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.