Banco de Sabadell S.A lowered its position in America Movil SAB de CV ADR Series L (NYSE:AMX) by 57.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,886 shares of the Wireless communications provider’s stock after selling 67,802 shares during the period. Banco de Sabadell S.A’s holdings in America Movil SAB de CV ADR Series L were worth $832,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Signaturefd LLC acquired a new stake in America Movil SAB de CV ADR Series L in the first quarter valued at about $119,000. Alpine Woods Capital Investors LLC acquired a new stake in America Movil SAB de CV ADR Series L in the first quarter valued at about $139,000. James Hambro & Partners acquired a new stake in America Movil SAB de CV ADR Series L in the second quarter valued at about $124,000. CIBC World Markets Inc. acquired a new stake in America Movil SAB de CV ADR Series L in the first quarter valued at about $229,000. Finally, Mariner LLC acquired a new stake in America Movil SAB de CV ADR Series L in the first quarter valued at about $260,000. Hedge funds and other institutional investors own 7.57% of the company’s stock.

Shares of America Movil SAB de CV ADR Series L stock opened at $17.05 on Friday. America Movil SAB de CV ADR Series L has a 12-month low of $14.85 and a 12-month high of $19.91. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.80 and a quick ratio of 0.72. The stock has a market capitalization of $53.52 billion, a price-to-earnings ratio of 25.07, a P/E/G ratio of 1.03 and a beta of 0.50.

America Movil SAB de CV ADR Series L (NYSE:AMX) last issued its earnings results on Wednesday, July 18th. The Wireless communications provider reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.15). America Movil SAB de CV ADR Series L had a negative net margin of 0.25% and a positive return on equity of 4.72%. The company had revenue of $13.29 billion during the quarter, compared to analysts’ expectations of $12.71 billion. sell-side analysts predict that America Movil SAB de CV ADR Series L will post 0.94 earnings per share for the current year.

A number of brokerages have issued reports on AMX. UBS Group cut shares of America Movil SAB de CV ADR Series L from a “neutral” rating to an “underperform” rating in a report on Thursday. Deutsche Bank began coverage on shares of America Movil SAB de CV ADR Series L in a report on Monday, June 25th. They issued a “hold” rating and a $18.00 target price for the company. Royal Bank of Canada reaffirmed a “sell” rating and issued a $16.00 target price on shares of America Movil SAB de CV ADR Series L in a report on Tuesday, July 31st. Bank of America increased their target price on shares of America Movil SAB de CV ADR Series L from $20.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, August 7th. Finally, TheStreet cut shares of America Movil SAB de CV ADR Series L from a “b-” rating to a “c” rating in a report on Monday, July 23rd. Three analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $20.29.

About America Movil SAB de CV ADR Series L

América Móvil, SAB. de C.V. provides telecommunications services in Mexico and internationally. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It also provides data services, such as Internet access, messaging, and other wireless entertainment and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and data center, data administration, and hosting services to residential and corporate clients, as well as residential broadband services.

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Institutional Ownership by Quarter for America Movil SAB de CV ADR Series L (NYSE:AMX)

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