Capital International Investors Decreases Stake in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Capital International Investors lowered its position in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 28.3% in the 4th quarter, HoldingsChannel reports. The fund owned 40,354,741 shares of the Wireless communications provider’s stock after selling 15,906,274 shares during the period. Capital International Investors’ holdings in America Movil were worth $834,191,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in AMX. Lazard Asset Management LLC grew its holdings in America Movil by 8.8% during the 3rd quarter. Lazard Asset Management LLC now owns 17,703,513 shares of the Wireless communications provider’s stock valued at $371,774,000 after buying an additional 1,430,626 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in America Movil by 93.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 8,376,918 shares of the Wireless communications provider’s stock valued at $173,151,000 after buying an additional 4,053,838 shares in the last quarter. Boston Partners grew its holdings in America Movil by 9.2% during the 3rd quarter. Boston Partners now owns 4,508,739 shares of the Wireless communications provider’s stock valued at $94,684,000 after buying an additional 381,472 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in America Movil by 2.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,143,980 shares of the Wireless communications provider’s stock valued at $87,023,000 after buying an additional 118,668 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in America Movil by 79.4% during the 3rd quarter. American Century Companies Inc. now owns 2,445,349 shares of the Wireless communications provider’s stock valued at $51,352,000 after buying an additional 1,082,493 shares in the last quarter. Hedge funds and other institutional investors own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AMX. 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 report on Thursday, May 14th. UBS Group lifted their target price on America Movil to $31.50 and gave the company a “buy” rating in a report on Thursday, April 23rd. Wall Street Zen lowered America Movil from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 18th. The Goldman Sachs Group began coverage on America Movil in a research report on Monday, May 18th. They set a “buy” rating and a $31.80 price target for the company. Finally, New Street Research upgraded America Movil from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 7th. One research 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. Based on data from MarketBeat.com, America Movil has an average rating of “Hold” and a consensus target price of $27.02.

America Movil Stock Performance

Shares of AMX stock opened at $24.83 on Monday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.67 and a current ratio of 0.72. America Movil, S.A.B. de C.V. Unsponsored ADR has a fifty-two week low of $16.60 and a fifty-two week high of $27.80. The stock has a 50 day moving average price of $26.15 and a two-hundred day moving average price of $23.65. The company has a market capitalization 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 announced its quarterly earnings data on Tuesday, March 31st. The Wireless communications provider reported $0.02 earnings per share 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. Analysts expect 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.