Parallel Advisors LLC Buys 801 Shares of America Movil SAB de CV ADR Series L (AMX)

Parallel Advisors LLC raised its stake in shares of America Movil SAB de CV ADR Series L (NYSE:AMX) by 66.8% in the first quarter, Holdings Channel reports. The institutional investor owned 2,001 shares of the Wireless communications provider’s stock after acquiring an additional 801 shares during the period. Parallel Advisors LLC’s holdings in America Movil SAB de CV ADR Series L were worth $29,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Field & Main Bank acquired a new stake in shares of America Movil SAB de CV ADR Series L during the 1st quarter valued at about $29,000. Bruderman Asset Management LLC acquired a new stake in shares of America Movil SAB de CV ADR Series L during the 4th quarter valued at about $30,000. Vigilant Capital Management LLC acquired a new stake in shares of America Movil SAB de CV ADR Series L during the 1st quarter valued at about $32,000. Rehmann Capital Advisory Group grew its position in shares of America Movil SAB de CV ADR Series L by 437.8% during the 4th quarter. Rehmann Capital Advisory Group now owns 2,490 shares of the Wireless communications provider’s stock valued at $35,000 after acquiring an additional 2,027 shares during the period. Finally, Bremer Trust National Association acquired a new stake in shares of America Movil SAB de CV ADR Series L during the 4th quarter valued at about $41,000. Institutional investors and hedge funds own 7.46% of the company’s stock.

AMX stock opened at $14.35 on Friday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.59 and a current ratio of 0.67. America Movil SAB de CV ADR Series L has a 12-month low of $12.00 and a 12-month high of $18.11. The stock has a market capitalization of $47.41 billion, a P/E ratio of 18.58, a PEG ratio of 0.93 and a beta of 0.41.

America Movil SAB de CV ADR Series L (NYSE:AMX) last posted its quarterly earnings data on Tuesday, February 12th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.07). America Movil SAB de CV ADR Series L had a return on equity of 21.70% and a net margin of 4.80%. The firm had revenue of $13.23 billion during the quarter, compared to analyst estimates of $13.34 billion. As a group, analysts expect that America Movil SAB de CV ADR Series L will post 1.01 earnings per share for the current year.

A number of equities research analysts have recently commented on the company. ValuEngine cut America Movil SAB de CV ADR Series L from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. Itau BBA Securities cut 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. HSBC upgraded America Movil SAB de CV ADR Series L from a “hold” rating to a “buy” rating in a research report on Friday, April 5th. Zacks Investment Research cut America Movil SAB de CV ADR Series L from a “hold” rating to a “sell” rating in a research report on Tuesday, February 12th. Finally, JPMorgan Chase & Co. upgraded America Movil SAB de CV ADR Series L from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $16.00 to $17.00 in a report on Friday, April 5th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $18.00.

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America Movil SAB de CV ADR Series L Profile

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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