America Movil SAB de CV ADR Series L (AMX) Position Lifted by Raymond James & Associates

Raymond James & Associates lifted its holdings in shares of America Movil SAB de CV ADR Series L (NYSE:AMX) by 14.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,082 shares of the Wireless communications provider’s stock after acquiring an additional 7,291 shares during the period. Raymond James & Associates’ holdings in America Movil SAB de CV ADR Series L were worth $813,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in shares of America Movil SAB de CV ADR Series L by 69.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 942,559 shares of the Wireless communications provider’s stock valued at $15,137,000 after purchasing an additional 386,391 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of America Movil SAB de CV ADR Series L by 63.6% in the third quarter. Bank of New York Mellon Corp now owns 199,732 shares of the Wireless communications provider’s stock worth $3,207,000 after purchasing an additional 77,668 shares during the last quarter. FMR LLC grew its holdings in shares of America Movil SAB de CV ADR Series L by 93.7% in the third quarter. FMR LLC now owns 3,191,801 shares of the Wireless communications provider’s stock worth $51,261,000 after purchasing an additional 1,543,811 shares during the last quarter. Panagora Asset Management Inc. grew its holdings in shares of America Movil SAB de CV ADR Series L by 5.2% in the third quarter. Panagora Asset Management Inc. now owns 153,950 shares of the Wireless communications provider’s stock worth $2,472,000 after purchasing an additional 7,601 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of America Movil SAB de CV ADR Series L in the third quarter worth about $171,000. 7.48% of the stock is owned by institutional investors.

AMX has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of America Movil SAB de CV ADR Series L from a “hold” rating to a “sell” rating in a report on Tuesday, February 12th. ValuEngine raised America Movil SAB de CV ADR Series L from a “sell” rating to a “hold” rating in a research report on Tuesday, April 9th. HSBC raised America Movil SAB de CV ADR Series L from a “hold” rating to a “buy” rating in a research report on Friday, April 5th. JPMorgan Chase & Co. raised America Movil SAB de CV ADR Series L from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $16.00 to $17.00 in a research report on Friday, April 5th. Finally, Itau BBA Securities downgraded America Movil SAB de CV ADR Series L from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 13th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $18.00.

Shares of NYSE:AMX opened at $15.51 on Friday. The stock has a market cap of $51.24 billion, a P/E ratio of 20.44, a price-to-earnings-growth ratio of 0.93 and a beta of 0.40. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.75 and a quick ratio of 0.66. America Movil SAB de CV ADR Series L has a 12-month low of $12.00 and a 12-month high of $18.83.

America Movil SAB de CV ADR Series L (NYSE:AMX) last released its earnings results on Tuesday, February 12th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.07). The firm had revenue of $13.23 billion during the quarter, compared to analyst estimates of $13.34 billion. America Movil SAB de CV ADR Series L had a net margin of 4.62% and a return on equity of 21.94%. On average, sell-side analysts forecast that America Movil SAB de CV ADR Series L will post 1.09 EPS for the current year.

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About America Movil SAB de CV ADR Series L

América Móvil, SAB. de C.V. provides telecommunications services in Latin America, the United States, the Caribbean, and Europe. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It also provides data services, such as Internet access, messaging, and other wireless entertainment and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and wireless security services, mobile payment solutions, machine-to-machine services, mobile banking, virtual private network services, and video calls and personal communications services.

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Institutional Ownership by Quarter for America Movil SAB de CV ADR Series L (NYSE:AMX)

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