Teacher Retirement System of Texas Decreases Stake in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Teacher Retirement System of Texas lessened its position in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 23.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,500,700 shares of the Wireless communications provider’s stock after selling 455,700 shares during the period. Teacher Retirement System of Texas’ holdings in America Movil were worth $31,515,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AMX. Hilltop National Bank purchased a new stake in shares of America Movil during the 2nd quarter worth $27,000. Advantage Trust Co purchased a new position in America Movil in the second quarter valued at $30,000. Trust Co. of Vermont acquired a new stake in America Movil in the third quarter valued at $31,000. EverSource Wealth Advisors LLC lifted its holdings in America Movil by 142.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock worth $38,000 after buying an additional 1,235 shares during the last quarter. Finally, Geneos Wealth Management Inc. acquired a new position in shares of America Movil during the 2nd quarter worth about $54,000. 6.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AMX. Weiss Ratings reissued a “hold (c)” rating on shares of America Movil in a research report on Wednesday. The Goldman Sachs Group set a $24.30 price objective on shares of America Movil and gave the stock a “buy” rating in a report on Wednesday, October 22nd. JPMorgan Chase & Co. boosted their price objective on shares of America Movil from $21.00 to $23.50 and gave the stock a “neutral” rating in a research report on Monday, October 20th. Wall Street Zen upgraded shares of America Movil from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. Finally, Zacks Research lowered shares of America Movil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, America Movil has a consensus rating of “Hold” and an average price target of $22.34.

America Movil Price Performance

Shares of AMX opened at $20.76 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.76 and a current ratio of 0.81. America Movil, S.A.B. de C.V. Unsponsored ADR has a fifty-two week low of $13.10 and a fifty-two week high of $23.68. The firm has a 50-day simple moving average of $21.32 and a 200-day simple moving average of $20.61. The company has a market capitalization of $62.58 billion, a price-to-earnings ratio of 16.87 and a beta of 0.78.

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.