JPMorgan Chase & Co. Acquires 6,271 Shares of America Movil SAB de CV ADR Series L (AMX)

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JPMorgan Chase & Co. grew its position in America Movil SAB de CV ADR Series L (NYSE:AMX) by 1.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 558,123 shares of the Wireless communications provider’s stock after acquiring an additional 6,271 shares during the period. JPMorgan Chase & Co.’s holdings in America Movil SAB de CV ADR Series L were worth $10,654,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Icon Wealth Partners LLC purchased a new stake in shares of America Movil SAB de CV ADR Series L in the fourth quarter valued at about $105,000. Signaturefd LLC purchased a new stake in shares of America Movil SAB de CV ADR Series L in the first quarter valued at about $119,000. James Hambro & Partners purchased a new stake in shares of America Movil SAB de CV ADR Series L in the fourth quarter valued at about $128,000. Alpine Woods Capital Investors LLC purchased a new stake in shares of America Movil SAB de CV ADR Series L in the first quarter valued at about $139,000. Finally, Lake Street Advisors Group LLC purchased a new stake in shares of America Movil SAB de CV ADR Series L in the fourth quarter valued at about $209,000. 7.63% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently weighed in on the stock. ValuEngine downgraded shares of America Movil SAB de CV ADR Series L from a “buy” rating to a “hold” rating in a report on Wednesday, May 9th. Goldman Sachs Group assumed coverage on shares of America Movil SAB de CV ADR Series L in a report on Tuesday, April 3rd. They issued a “buy” rating and a $25.00 target price on the stock. Zacks Investment Research raised shares of America Movil SAB de CV ADR Series L from a “sell” rating to a “hold” rating in a report on Monday, March 12th. Finally, Credit Suisse Group set a $21.00 target price on shares of America Movil SAB de CV ADR Series L and gave the company a “buy” rating in a report on Tuesday, March 6th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $20.50.

AMX stock opened at $16.30 on Friday. The stock has a market cap of $52.83 billion, a P/E ratio of 23.97, a P/E/G ratio of 1.07 and a beta of 0.47. America Movil SAB de CV ADR Series L has a 52 week low of $14.85 and a 52 week high of $19.91. The company has a current ratio of 0.80, a quick ratio of 0.72 and a debt-to-equity ratio of 2.79.

America Movil SAB de CV ADR Series L (NYSE:AMX) last released its quarterly earnings data on Wednesday, April 25th. The Wireless communications provider reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.21). The company had revenue of $13.57 billion for the quarter. America Movil SAB de CV ADR Series L had a return on equity of 10.38% and a net margin of 1.09%. equities analysts predict that America Movil SAB de CV ADR Series L will post 0.9 earnings per share for the current year.

About America Movil SAB de CV ADR Series L

América Móvil, SAB. de C.V. provides telecommunications services in Mexico and internationally. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It also provides data services, such as Internet access, messaging, and other wireless entertainment and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and data center, data administration, and hosting services to residential and corporate clients, as well as residential broadband services.

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Institutional Ownership by Quarter for America Movil SAB de CV ADR Series L (NYSE:AMX)

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