Capital Group Private Client Services Inc. Has $7.86 Million Stock Position in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Capital Group Private Client Services Inc. lowered its position in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 5.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 380,377 shares of the Wireless communications provider’s stock after selling 20,796 shares during the period. Capital Group Private Client Services Inc.’s holdings in America Movil were worth $7,862,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Modus Advisors LLC acquired a new stake in shares of America Movil during the fourth quarter worth $116,000. Parallel Advisors LLC lifted its holdings in shares of America Movil by 15.4% during the fourth quarter. Parallel Advisors LLC now owns 6,731 shares of the Wireless communications provider’s stock worth $139,000 after buying an additional 896 shares in the last quarter. Peapack Gladstone Financial Corp acquired a new position 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 purchasing an additional 261,453 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new position in America Movil in the fourth quarter valued at about $1,508,000. Institutional investors and hedge funds own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AMX. Weiss Ratings raised America Movil from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. JPMorgan Chase & Co. boosted 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. The Goldman Sachs Group assumed coverage on America Movil in a research report on Monday, May 18th. They issued a “buy” rating and a $31.80 target price on the stock. Scotiabank decreased their target price on America Movil from $21.80 to $20.80 and set a “sector perform” rating on the stock in a research report on Wednesday, May 27th. Finally, UBS Group lifted their target price on America Movil to $31.50 and gave the company a “buy” rating in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $27.02.

America Movil Stock Performance

NYSE:AMX opened at $24.83 on Friday. The stock has a market cap of $74.74 billion, a P/E ratio of 15.81, a price-to-earnings-growth ratio of 0.89 and a beta of 0.66. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.97. The stock’s 50-day moving average is $26.15 and its 200-day moving average is $23.64. America Movil, S.A.B. de C.V. Unsponsored ADR has a 1-year low of $16.60 and a 1-year high of $27.80.

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