America Movil, S.A.B. de C.V. Unsponsored ADR $AMX Stock Position Lowered by Westwood Global Investments LLC

Westwood Global Investments LLC cut its holdings in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 2.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,135,002 shares of the Wireless communications provider’s stock after selling 393,691 shares during the period. America Movil accounts for 0.0% of Westwood Global Investments LLC’s investment portfolio, making the stock its 4th biggest position. Westwood Global Investments LLC’s holdings in America Movil were worth $275,835,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brighton Jones LLC bought a new position in shares of America Movil in the fourth quarter worth $154,000. Royal Bank of Canada raised its stake in shares of America Movil by 16.9% during the 1st quarter. Royal Bank of Canada now owns 375,504 shares of the Wireless communications provider’s stock valued at $5,339,000 after purchasing an additional 54,152 shares during the period. Jones Financial Companies Lllp lifted its holdings in America Movil by 2,189.8% during the 1st quarter. Jones Financial Companies Lllp now owns 23,241 shares of the Wireless communications provider’s stock worth $330,000 after purchasing an additional 22,226 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in America Movil by 15.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 778,584 shares of the Wireless communications provider’s stock worth $11,071,000 after purchasing an additional 102,545 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in America Movil by 9.5% in the 1st quarter. Jane Street Group LLC now owns 50,584 shares of the Wireless communications provider’s stock worth $719,000 after purchasing an additional 4,373 shares during the period. Institutional investors own 6.30% of the company’s stock.

America Movil Stock Performance

Shares of AMX opened at $23.74 on Thursday. America Movil, S.A.B. de C.V. Unsponsored ADR has a 12-month low of $13.10 and a 12-month high of $26.16. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.01. The company has a market cap of $71.56 billion, a PE ratio of 16.60 and a beta of 0.72. The stock has a 50-day moving average price of $22.65 and a 200-day moving average price of $21.91.

America Movil (NYSE:AMX) last posted its quarterly earnings data on Thursday, February 12th. The Wireless communications provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.08). The company had revenue of $13.59 billion during the quarter, compared to the consensus estimate of $13.09 billion. America Movil had a return on equity of 18.92% and a net margin of 8.78%. As a group, equities analysts forecast that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on America Movil from $23.50 to $24.50 and gave the company a “neutral” rating in a report on Wednesday, March 11th. Santander lowered shares of America Movil from an “outperform” rating to a “neutral” rating in a research report on Friday, December 12th. Wall Street Zen raised shares of America Movil from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th. UBS Group reaffirmed a “buy” rating and set a $30.00 target price (up from $23.60) on shares of America Movil in a report on Tuesday, February 24th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of America Movil in a research note on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $23.40.

America Movil Company 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.