Envestnet Asset Management Inc. Has $17.06 Million Stock Holdings in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Envestnet Asset Management Inc. increased its position in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 6.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 812,427 shares of the Wireless communications provider’s stock after buying an additional 47,437 shares during the quarter. Envestnet Asset Management Inc.’s holdings in America Movil were worth $17,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of the stock. Lazard Asset Management LLC increased its position in shares of America Movil by 5.4% during the second quarter. Lazard Asset Management LLC now owns 16,272,887 shares of the Wireless communications provider’s stock worth $291,934,000 after acquiring an additional 832,787 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of America Movil by 359.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,323,080 shares of the Wireless communications provider’s stock valued at $90,785,000 after buying an additional 3,382,107 shares during the last quarter. Boston Partners boosted its position in America Movil by 6,421.7% during the second quarter. Boston Partners now owns 4,127,267 shares of the Wireless communications provider’s stock worth $74,043,000 after purchasing an additional 4,063,982 shares during the period. Brandes Investment Partners LP boosted its holdings in America Movil by 2.5% in the 2nd quarter. Brandes Investment Partners LP now owns 3,047,720 shares of the Wireless communications provider’s stock worth $54,676,000 after buying an additional 74,068 shares during the period. Finally, Amundi raised its stake in shares of America Movil by 2.3% during the 2nd quarter. Amundi now owns 2,023,033 shares of the Wireless communications provider’s stock valued at $36,576,000 after purchasing an additional 44,672 shares during the period. 6.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group set a $24.30 target price on shares of America Movil and gave the company a “buy” rating in a research report on Wednesday, October 22nd. 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. JPMorgan Chase & Co. raised their price target on America Movil from $21.00 to $23.50 and gave the stock a “neutral” rating in a research note on Monday, October 20th. Zacks Research downgraded America Movil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 10th. Finally, Bank of America assumed coverage on shares of America Movil in a research note on Thursday, December 11th. They issued a “neutral” rating and a $26.00 price target for the company. Two equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $22.34.

America Movil Stock Down 0.3%

Shares of NYSE AMX opened at $23.79 on Monday. The firm has a 50-day simple moving average of $21.08 and a two-hundred day simple moving average of $21.09. America Movil, S.A.B. de C.V. Unsponsored ADR has a 1 year low of $13.10 and a 1 year high of $24.11. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.74 and a quick ratio of 0.68. The company has a market cap of $71.71 billion, a P/E ratio of 16.63 and a beta of 0.76.

America Movil (NYSE:AMX) last released its quarterly earnings data on Thursday, February 12th. The Wireless communications provider reported $0.35 earnings per share (EPS) 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 analysts’ expectations of $13.09 billion. America Movil had a net margin of 8.78% and a return on equity of 18.92%. Research analysts anticipate that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 earnings per share for the current year.

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.