America Movil, S.A.B. de C.V. Unsponsored ADR $AMX Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. cut its position in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 13.6% during the fourth quarter, Holdings Channel reports. The firm owned 125,542 shares of the Wireless communications provider’s stock after selling 19,805 shares during the period. Crossmark Global Holdings Inc.’s holdings in America Movil were worth $2,595,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of AMX. Camelot Portfolios LLC acquired a new position in shares of America Movil in the fourth quarter valued at about $31,000. EverSource Wealth Advisors LLC grew its holdings in America Movil by 142.3% during the second quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock worth $38,000 after acquiring an additional 1,235 shares during the period. Beacon Financial Strategies CORP acquired a new stake in America Movil during the fourth quarter worth about $43,000. Geneos Wealth Management Inc. acquired a new stake in America Movil during the second quarter worth about $54,000. Finally, Global Retirement Partners LLC grew its holdings in America Movil by 53.8% during the third quarter. Global Retirement Partners LLC now owns 3,883 shares of the Wireless communications provider’s stock worth $82,000 after acquiring an additional 1,359 shares during the period. 6.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on AMX shares. New Street Research raised America Movil from a “neutral” rating to a “buy” rating in a report on Tuesday, April 7th. Scotiabank raised 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, March 30th. UBS Group raised their target price on America Movil to $31.50 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Wall Street Zen lowered America Movil from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 18th. Finally, JPMorgan Chase & Co. raised their target price on America Movil from $23.50 to $24.50 and gave the stock a “neutral” rating in a report on Wednesday, March 11th. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $25.02.

America Movil Stock Performance

Shares of AMX stock opened at $27.42 on Tuesday. The company has a market capitalization of $82.52 billion, a P/E ratio of 17.46, a P/E/G ratio of 0.97 and a beta of 0.69. The business’s 50 day moving average is $25.40 and its two-hundred day moving average is $23.22. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.97. America Movil, S.A.B. de C.V. Unsponsored ADR has a 12-month low of $16.60 and a 12-month high of $27.72.

America Movil (NYSE:AMX) last issued its quarterly earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 earnings per share (EPS) for the quarter. The company 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%. Analysts expect that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.85 EPS for the current fiscal year.

About America Movil

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.