America Movil, S.A.B. de C.V. Unsponsored ADR $AMX Shares Sold by Capital Group Investment Management PTE. LTD.

Capital Group Investment Management PTE. LTD. cut its position in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 17.0% during the fourth quarter, Holdings Channel reports. The firm owned 116,927 shares of the Wireless communications provider’s stock after selling 24,033 shares during the period. Capital Group Investment Management PTE. LTD.’s holdings in America Movil were worth $2,417,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of AMX. Camelot Portfolios LLC acquired a new position in shares of America Movil in the fourth quarter valued at about $31,000. EverSource Wealth Advisors LLC increased its holdings in shares of America Movil by 142.3% in the second quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock valued at $38,000 after purchasing an additional 1,235 shares during the period. Beacon Financial Strategies CORP acquired a new stake in America Movil during the fourth quarter worth about $43,000. Geneos Wealth Management Inc. acquired a new stake in America Movil during the second quarter worth about $54,000. Finally, National Bank of Canada FI grew its holdings in America Movil by 71.0% during the third quarter. National Bank of Canada FI now owns 4,301 shares of the Wireless communications provider’s stock worth $91,000 after acquiring an additional 1,786 shares during the period. 6.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMX has been the topic of several analyst reports. The Goldman Sachs Group initiated coverage on America Movil in a report on Monday, May 18th. They set a “buy” rating and a $31.80 target price on the stock. Scotiabank dropped their target price on America Movil from $21.80 to $20.80 and set a “sector perform” rating on the stock in a report on Wednesday, May 27th. New Street Research raised America Movil from a “neutral” rating to a “buy” rating in a report on Tuesday, April 7th. UBS Group raised their target price on America Movil to $31.50 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. raised their target price on America Movil from $24.50 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $27.02.

America Movil Stock Down 2.0%

Shares of AMX opened at $24.83 on Friday. 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, 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 stock’s 50 day moving average is $26.15 and its two-hundred day moving average is $23.64. The firm has a market cap 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 issued its quarterly earnings data on Tuesday, March 31st. The Wireless communications provider reported $0.02 EPS for the quarter. America Movil had a return on equity of 19.77% and a net margin of 9.23%.The company had revenue of $13.24 billion for the quarter. Analysts predict that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.84 earnings per share for the current fiscal 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.