Allspring Global Investments Holdings LLC Has $53.53 Million Position in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Allspring Global Investments Holdings LLC lessened its position in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,589,651 shares of the Wireless communications provider’s stock after selling 152,696 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.09% of America Movil worth $53,528,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of AMX. Trust Co. of Vermont bought a new position in shares of America Movil during the 3rd quarter worth approximately $31,000. EverSource Wealth Advisors LLC lifted its position in shares of America Movil by 142.3% in the second quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock worth $38,000 after purchasing an additional 1,235 shares in the last quarter. Beacon Financial Strategies CORP acquired a new position in America Movil during the fourth quarter worth $43,000. Geneos Wealth Management Inc. acquired a new position in America Movil during the second quarter worth $54,000. Finally, Global Retirement Partners LLC grew its position in America Movil by 53.8% in the third quarter. Global Retirement Partners LLC now owns 3,883 shares of the Wireless communications provider’s stock valued at $82,000 after purchasing an additional 1,359 shares in the last quarter. Institutional investors own 6.30% of the company’s stock.

America Movil Price Performance

NYSE:AMX opened at $25.58 on Thursday. America Movil, S.A.B. de C.V. Unsponsored ADR has a 12-month low of $13.10 and a 12-month high of $26.16. The firm has a market capitalization of $77.11 billion, a price-to-earnings ratio of 17.88 and a beta of 0.71. The stock’s 50 day moving average price is $23.49 and its two-hundred day moving average price is $22.25. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.01.

America Movil (NYSE:AMX) last issued 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 return on equity of 18.92% and a net margin of 8.78%.The business had revenue of $13.59 billion for the quarter, compared to the consensus estimate of $13.09 billion. On average, analysts anticipate that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AMX. Santander downgraded shares of America Movil from an “outperform” rating to a “neutral” rating in a research note on Friday, December 12th. Scotiabank upped their target price on America Movil from $19.50 to $21.80 and gave the stock a “sector perform” rating in a report on Monday. UBS Group reissued a “buy” rating and set a $30.00 price target (up from $23.60) on shares of America Movil in a research report on Tuesday, February 24th. Bank of America began coverage on America Movil in a research note on Thursday, December 11th. They issued a “neutral” rating and a $26.00 price target for the company. Finally, Wall Street Zen upgraded America Movil from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $23.73.

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.