HPM Partners LLC cut its stake in shares of America Movil SAB de CV ADR Series L (NYSE:AMX) by 85.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,915 shares of the Wireless communications provider’s stock after selling 72,774 shares during the period. HPM Partners LLC’s holdings in America Movil SAB de CV ADR Series L were worth $199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. James Hambro & Partners purchased a new stake in shares of America Movil SAB de CV ADR Series L in the second quarter worth approximately $124,000. CIBC World Markets Inc. purchased a new stake in shares of America Movil SAB de CV ADR Series L in the first quarter worth approximately $229,000. Mariner LLC purchased a new stake in shares of America Movil SAB de CV ADR Series L in the first quarter worth approximately $260,000. Flow Traders U.S. LLC purchased a new stake in shares of America Movil SAB de CV ADR Series L in the first quarter worth approximately $286,000. Finally, Exane Derivatives raised its holdings in shares of America Movil SAB de CV ADR Series L by 37.1% in the second quarter. Exane Derivatives now owns 18,506 shares of the Wireless communications provider’s stock worth $307,000 after buying an additional 5,007 shares during the period. Institutional investors and hedge funds own 7.57% of the company’s stock.

Several equities research analysts have recently weighed in on AMX shares. Deutsche Bank started coverage on America Movil SAB de CV ADR Series L in a report on Monday, June 25th. They issued a “hold” rating and a $18.00 price target on the stock. TheStreet downgraded America Movil SAB de CV ADR Series L from a “b-” rating to a “c” rating in a report on Monday, July 23rd. Royal Bank of Canada reiterated a “sell” rating and issued a $16.00 price target on shares of America Movil SAB de CV ADR Series L in a report on Tuesday, July 31st. Bank of America increased their price target on America Movil SAB de CV ADR Series L from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, August 7th. Finally, UBS Group downgraded America Movil SAB de CV ADR Series L from a “neutral” rating to an “underperform” rating in a report on Thursday, September 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $20.29.

AMX traded down $0.11 during trading on Friday, hitting $15.34. 3,033,468 shares of the stock were exchanged, compared to its average volume of 2,585,758. The company has a market capitalization of $53.06 billion, a P/E ratio of 22.56, a PEG ratio of 1.02 and a beta of 0.50. America Movil SAB de CV ADR Series L has a 1 year low of $14.85 and a 1 year high of $19.91. The company has a quick ratio of 0.72, a current ratio of 0.80 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, July 18th. The Wireless communications provider reported $0.01 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.15). The firm had revenue of $13.29 billion for the quarter, compared to analysts’ expectations of $12.71 billion. America Movil SAB de CV ADR Series L had a positive return on equity of 4.72% and a negative net margin of 0.25%. Equities analysts anticipate that America Movil SAB de CV ADR Series L will post 0.94 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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