America Movil, S.A.B. de C.V. Unsponsored ADR $AMX Shares Sold by Capital International Inc. CA

Capital International Inc. CA cut its stake in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 35.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,351,016 shares of the Wireless communications provider’s stock after selling 753,162 shares during the period. Capital International Inc. CA’s holdings in America Movil were worth $27,926,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Lazard Asset Management LLC raised its stake 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 acquiring an additional 1,430,626 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake 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 acquiring an additional 4,053,838 shares during the last quarter. Boston Partners raised its stake 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 acquiring an additional 381,472 shares during the last quarter. Dimensional Fund Advisors LP raised its stake 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 acquiring an additional 118,668 shares during the last quarter. Finally, American Century Companies Inc. raised its stake 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 acquiring an additional 1,082,493 shares during the last quarter. 6.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMX has been the subject of several analyst reports. Wall Street Zen downgraded America Movil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 18th. JPMorgan Chase & Co. upped their price objective on America Movil from $24.50 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. UBS Group upped their price objective on America Movil to $31.50 and gave the company a “buy” rating in a research note on Thursday, April 23rd. The Goldman Sachs Group initiated coverage on America Movil in a research note on Monday, May 18th. They set a “buy” rating and a $31.80 price objective for the company. Finally, New Street Research raised America Movil from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus 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 market cap of $74.74 billion, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 0.89 and a beta of 0.66. The stock has a 50 day simple moving average of $26.15 and a 200-day simple moving average of $23.65. America Movil, S.A.B. de C.V. Unsponsored ADR has a 12-month low of $16.60 and a 12-month high of $27.80. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.97.

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 business 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%. On average, equities analysts forecast 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.