America Movil, S.A.B. de C.V. Unsponsored ADR $AMX Stock Holdings Trimmed by Capital International Investors

Key Points

• Capital International Investors trimmed its stake in America Movil by 1.7% in Q3, selling 992,366 shares and now owns 56,261,015 shares (about 1.87% of the company) valued at roughly $1.18 billion.
• In its most recent quarter America Movil missed EPS expectations ($0.35 vs. $0.43 estimated) but beat revenue forecasts ($13.59B vs. $13.09B), with a net margin of 8.78% and ROE of 18.92%.
• The stock trades around $24 with a market cap of $72.35 billion and a P/E of 16.78, and Wall Street’s consensus is a "Hold" rating with an average target price of $23.26.

Capital International Investors lowered its position in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Free Report) by 1.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,261,015 shares of the Wireless communications provider's stock after selling 992,366 shares during the quarter. Capital International Investors owned about 1.87% of America Movil worth $1,181,460,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in AMX. Trust Co. of Vermont bought a new stake in shares of America Movil in the 3rd quarter valued at approximately $31,000. EverSource Wealth Advisors LLC boosted its holdings in 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 worth $38,000 after purchasing an additional 1,235 shares during the period. Geneos Wealth Management Inc. bought a new stake in America Movil during the second quarter valued at $54,000. Global Retirement Partners LLC increased its stake in America Movil by 53.8% during the third quarter. Global Retirement Partners LLC now owns 3,883 shares of the Wireless communications provider's stock valued at $82,000 after purchasing an additional 1,359 shares during the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of America Movil by 41.3% during the third quarter. Parallel Advisors LLC now owns 5,835 shares of the Wireless communications provider's stock worth $123,000 after purchasing an additional 1,706 shares during the period. Institutional investors and hedge funds own 6.30% of the company's stock.

America Movil Stock Up 1.1%

AMX stock opened at $24.00 on Tuesday. The stock has a market cap of $72.35 billion, a PE ratio of 16.78 and a beta of 0.72. The firm's 50-day simple moving average is $22.24 and its 200 day simple moving average is $21.75. 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 $26.16. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.01.

America Movil (NYSE:AMX - Get Free Report) last posted its earnings results on Thursday, February 12th. The Wireless communications provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.08). America Movil had a net margin of 8.78% and a return on equity of 18.92%. The firm had revenue of $13.59 billion for the quarter, compared to analyst estimates of $13.09 billion. As a group, sell-side analysts predict that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Zacks Research lowered shares of America Movil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 10th. Wall Street Zen upgraded shares of America Movil from a "buy" rating to a "strong-buy" rating in a research note on Saturday, January 17th. UBS Group reissued a "buy" rating and issued a $30.00 target price (up from $23.60) on shares of America Movil in a report on Tuesday, February 24th. Bank of America assumed coverage on America Movil in a research note on Thursday, December 11th. They issued a "neutral" rating and a $26.00 target price for the company. Finally, Santander cut America Movil from an "outperform" rating to a "neutral" rating in a research report on Friday, December 12th. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $23.26.

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.

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