Brandes Investment Partners LP Has $57.11 Million Stake in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Brandes Investment Partners LP decreased its holdings in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 11.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,762,821 shares of the Wireless communications provider’s stock after selling 371,889 shares during the period. Brandes Investment Partners LP owned about 0.09% of America Movil worth $57,108,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in AMX. Camelot Portfolios LLC acquired a new position in shares of America Movil in the 4th quarter valued at about $31,000. EverSource Wealth Advisors LLC grew its stake in shares of America Movil by 142.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock valued at $38,000 after buying an additional 1,235 shares in the last quarter. Beacon Financial Strategies CORP bought a new stake in shares of America Movil in the 4th quarter valued at approximately $43,000. Geneos Wealth Management Inc. bought a new stake in shares of America Movil in the 2nd quarter valued at approximately $54,000. Finally, National Bank of Canada FI grew its stake in shares of America Movil by 71.0% in 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 buying an additional 1,786 shares in the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

America Movil Trading Up 1.7%

Shares of AMX stock opened at $25.29 on Wednesday. America Movil, S.A.B. de C.V. Unsponsored ADR has a 12 month low of $16.87 and a 12 month 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 business’s 50 day moving average is $26.16 and its two-hundred day moving average is $23.67. The company has a market cap of $76.13 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 0.89 and a beta of 0.66.

America Movil (NYSE:AMX) last announced its quarterly earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 EPS for the quarter. America Movil had a return on equity of 19.77% and a net margin of 9.23%.The company had revenue of $13.24 billion for 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.

Analyst Ratings Changes

Several brokerages recently commented on AMX. UBS Group boosted their price target on America Movil to $31.50 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Weiss Ratings raised America Movil from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Scotiabank lowered 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. New Street Research raised America Movil from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 7th. Finally, Wall Street Zen cut America Movil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 18th. One investment 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 company. According to data from MarketBeat, America Movil currently has a consensus rating of “Hold” and an average target price of $27.02.

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.