America Movil, S.A.B. de C.V. Unsponsored ADR $AMX Shares Sold by M&T Bank Corp

M&T Bank Corp lowered its position in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 71.4% in the fourth quarter, HoldingsChannel reports. The fund owned 47,325 shares of the Wireless communications provider’s stock after selling 118,185 shares during the quarter. M&T Bank Corp’s holdings in America Movil were worth $978,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Lazard Asset Management LLC boosted its position in America Movil by 8.8% during the third quarter. Lazard Asset Management LLC now owns 17,703,513 shares of the Wireless communications provider’s stock worth $371,774,000 after purchasing an additional 1,430,626 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in America Movil by 93.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 8,376,918 shares of the Wireless communications provider’s stock worth $173,151,000 after purchasing an additional 4,053,838 shares in the last quarter. Boston Partners boosted its position in America Movil by 9.2% during the third quarter. Boston Partners now owns 4,508,739 shares of the Wireless communications provider’s stock worth $94,684,000 after purchasing an additional 381,472 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in America Movil by 2.9% during the third quarter. Dimensional Fund Advisors LP now owns 4,143,980 shares of the Wireless communications provider’s stock worth $87,023,000 after purchasing an additional 118,668 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in America Movil by 79.4% during the third quarter. American Century Companies Inc. now owns 2,445,349 shares of the Wireless communications provider’s stock worth $51,352,000 after purchasing an additional 1,082,493 shares in the last quarter. Hedge funds and other institutional investors own 6.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on AMX. New Street Research upgraded America Movil from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 7th. UBS Group increased their price target on America Movil to $31.50 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Wall Street Zen downgraded America Movil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 18th. JPMorgan Chase & Co. increased their price target on America Movil from $23.50 to $24.50 and gave the stock a “neutral” rating in a research report on Wednesday, March 11th. Finally, Scotiabank increased their price target on America Movil from $19.50 to $21.80 and gave the stock a “sector perform” rating in a research report on Monday, March 30th. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $25.02.

America Movil Stock Performance

NYSE AMX opened at $26.61 on Friday. The company has a market cap of $80.22 billion, a PE ratio of 16.95, a price-to-earnings-growth ratio of 0.93 and a beta of 0.71. The stock’s 50 day simple moving average is $25.16 and its 200-day simple moving average is $23.02. America Movil, S.A.B. de C.V. Unsponsored ADR has a 1-year low of $16.60 and a 1-year high of $27.70. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.72 and a quick ratio of 0.67.

America Movil (NYSE:AMX) last released its earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 earnings per share for the quarter. The business had revenue of $13.24 billion for the quarter. America Movil had a return on equity of 19.77% and a net margin of 9.23%. As a group, equities research analysts anticipate that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.85 EPS for the current fiscal 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.