Capital International Sarl Decreases Stock Position in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Capital International Sarl cut its holdings in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 18.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,086,490 shares of the Wireless communications provider’s stock after selling 245,458 shares during the quarter. Capital International Sarl’s holdings in America Movil were worth $22,458,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Modus Advisors LLC purchased a new stake in America Movil in the fourth quarter valued at about $116,000. Parallel Advisors LLC raised its stake in America Movil by 15.4% in the fourth quarter. Parallel Advisors LLC now owns 6,731 shares of the Wireless communications provider’s stock valued at $139,000 after buying an additional 896 shares during the last quarter. Peapack Gladstone Financial Corp purchased a new stake in America Movil in the fourth quarter valued at about $309,000. BNP Paribas Financial Markets raised its stake in America Movil by 495.7% in the fourth quarter. BNP Paribas Financial Markets now owns 314,197 shares of the Wireless communications provider’s stock valued at $6,494,000 after buying an additional 261,453 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in America Movil in the fourth quarter valued at about $1,508,000. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wall Street Zen cut America Movil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 18th. JPMorgan Chase & Co. increased their price target on America Movil from $24.50 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Scotiabank decreased their price target on America Movil from $21.80 to $20.80 and set a “sector perform” rating for the company in a research note on Wednesday, May 27th. UBS Group increased their price target on America Movil to $31.50 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Finally, The Goldman Sachs Group assumed coverage on America Movil in a research note on Monday, May 18th. They issued a “buy” rating and a $31.80 price target for the company. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $27.02.

America Movil Trading Down 2.0%

Shares of NYSE:AMX opened at $24.83 on Friday. 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 stock has a market cap of $74.74 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 0.89 and a beta of 0.66. 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 business has a 50-day moving average price of $26.15 and a 200-day moving average price of $23.64.

America Movil (NYSE:AMX) last announced its quarterly earnings data on Tuesday, March 31st. The Wireless communications provider reported $0.02 earnings per share (EPS) for the quarter. America Movil had a return on equity of 19.77% and a net margin of 9.23%.The firm had revenue of $13.24 billion during the quarter. Equities analysts predict that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.84 EPS for the current year.

America Movil 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.