America Movil, S.A.B. de C.V. Unsponsored ADR $AMX Shares Sold by First Trust Advisors LP

First Trust Advisors LP cut its holdings in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 16.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,926,791 shares of the Wireless communications provider’s stock after selling 384,742 shares during the period. First Trust Advisors LP owned 0.06% of America Movil worth $40,463,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. American Century Companies Inc. lifted its stake in shares of America Movil by 79.4% in the 3rd quarter. American Century Companies Inc. now owns 2,445,349 shares of the Wireless communications provider’s stock valued at $51,352,000 after purchasing an additional 1,082,493 shares during the last quarter. TrueMark Investments LLC acquired a new stake in shares of America Movil during the 3rd quarter worth about $2,350,000. GAM Holding AG purchased a new stake in America Movil in the 3rd quarter valued at about $1,619,000. Citigroup Inc. lifted its position in America Movil by 21.3% in the third quarter. Citigroup Inc. now owns 348,781 shares of the Wireless communications provider’s stock valued at $7,324,000 after buying an additional 61,234 shares during the last quarter. Finally, Allworth Financial LP lifted its position in America Movil by 492.7% in the second quarter. Allworth Financial LP now owns 33,937 shares of the Wireless communications provider’s stock valued at $609,000 after buying an additional 28,211 shares during the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

America Movil Price Performance

Shares of AMX opened at $23.02 on Friday. The firm has a market capitalization of $69.39 billion, a price-to-earnings ratio of 16.09 and a beta of 0.72. The firm’s fifty day simple moving average is $22.41 and its 200-day simple moving average is $21.80. America Movil, S.A.B. de C.V. Unsponsored ADR has a twelve month low of $13.10 and a twelve month high of $26.16. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.01.

America Movil (NYSE:AMX) last posted its earnings results on Thursday, February 12th. The Wireless communications provider reported $0.35 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.08). America Movil had a net margin of 8.78% and a return on equity of 18.92%. The business had revenue of $13.59 billion during the quarter, compared to analysts’ expectations of $13.09 billion. Equities analysts forecast that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMX has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of America Movil from $23.50 to $24.50 and gave the company a “neutral” rating in a research report on Wednesday. Wall Street Zen upgraded shares of America Movil from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. UBS Group reaffirmed a “buy” rating and set a $30.00 price objective (up from $23.60) on shares of America Movil in a research report on Tuesday, February 24th. Zacks Research downgraded shares of America Movil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 10th. Finally, Santander lowered America Movil from an “outperform” rating to a “neutral” rating in a research report on Friday, December 12th. Three analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, America Movil has an average rating of “Hold” and an average target price of $23.40.

America Movil Company 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.