UBS Group AG lowered its holdings in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX – Free Report) by 61.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 356,338 shares of the Wireless communications provider’s stock after selling 566,719 shares during the quarter. UBS Group AG’s holdings in America Movil were worth $7,366,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its holdings in America Movil by 142.3% during 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 in the last quarter. Beacon Financial Strategies CORP bought a new position in shares of America Movil during the 4th quarter worth approximately $43,000. Geneos Wealth Management Inc. acquired a new stake in America Movil in the 2nd quarter valued at $54,000. National Bank of Canada FI boosted its stake in America Movil by 71.0% in the 3rd quarter. National Bank of Canada FI now owns 4,301 shares of the Wireless communications provider’s stock valued at $91,000 after buying an additional 1,786 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in America Movil by 41.3% in the third quarter. Parallel Advisors LLC now owns 5,835 shares of the Wireless communications provider’s stock valued at $123,000 after acquiring an additional 1,706 shares during the period. Institutional investors own 6.30% of the company’s stock.
America Movil Trading Up 1.1%
Shares of AMX opened at $26.88 on Tuesday. The stock has a fifty day moving average price of $25.58 and a two-hundred day moving average price of $23.37. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.67 and a current ratio of 0.72. America Movil, S.A.B. de C.V. Unsponsored ADR has a 52-week low of $16.60 and a 52-week high of $27.80. The company has a market cap of $80.92 billion, a price-to-earnings ratio of 17.12, a PEG ratio of 0.95 and a beta of 0.69.
Analyst Upgrades and Downgrades
Several research firms have issued reports on AMX. Wall Street Zen lowered America Movil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 18th. JPMorgan Chase & Co. upped their target price on shares of America Movil from $24.50 to $30.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. UBS Group increased their target price on shares of America Movil to $31.50 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Scotiabank lifted their price target on shares of America Movil from $19.50 to $21.80 and gave the company a “sector perform” rating in a report on Monday, March 30th. Finally, Weiss Ratings lowered shares of America Movil from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, America Movil has an average rating of “Hold” and an average target price of $27.18.
Check Out Our Latest Stock Report on America Movil
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.
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