Massachusetts Financial Services Co. MA lowered its holdings in shares of America Movil SAB de CV ADR Series L (NYSE:AMX) by 69.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 317,344 shares of the Wireless communications provider’s stock after selling 717,504 shares during the period. Massachusetts Financial Services Co. MA’s holdings in America Movil SAB de CV ADR Series L were worth $5,287,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of AMX. BlackRock Inc. increased its holdings in America Movil SAB de CV ADR Series L by 29.0% in the 1st quarter. BlackRock Inc. now owns 16,864,666 shares of the Wireless communications provider’s stock worth $321,947,000 after purchasing an additional 3,786,269 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in America Movil SAB de CV ADR Series L by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,367,897 shares of the Wireless communications provider’s stock worth $83,383,000 after purchasing an additional 15,825 shares in the last quarter. USS Investment Management Ltd increased its holdings in America Movil SAB de CV ADR Series L by 25.1% in the 1st quarter. USS Investment Management Ltd now owns 3,363,185 shares of the Wireless communications provider’s stock worth $62,168,000 after purchasing an additional 675,000 shares in the last quarter. Northern Trust Corp increased its holdings in America Movil SAB de CV ADR Series L by 5.7% in the 1st quarter. Northern Trust Corp now owns 2,551,622 shares of the Wireless communications provider’s stock worth $48,711,000 after purchasing an additional 138,340 shares in the last quarter. Finally, Northcape Capital Pty Ltd increased its holdings in America Movil SAB de CV ADR Series L by 6.9% in the 1st quarter. Northcape Capital Pty Ltd now owns 2,487,859 shares of the Wireless communications provider’s stock worth $47,493,000 after purchasing an additional 161,069 shares in the last quarter. 7.47% of the stock is owned by institutional investors.

A number of equities analysts have issued reports on the company. Bank of America upped their target price 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. Royal Bank of Canada reaffirmed a “sell” rating and issued a $16.00 target price on shares of America Movil SAB de CV ADR Series L in a report on Tuesday, July 31st. TheStreet cut America Movil SAB de CV ADR Series L from a “b-” rating to a “c” rating in a report on Monday, July 23rd. Deutsche Bank assumed 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 target price for the company. Finally, ValuEngine cut America Movil SAB de CV ADR Series L from a “buy” rating to a “hold” rating in a report on Wednesday, May 9th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. America Movil SAB de CV ADR Series L currently has an average rating of “Hold” and a consensus target price of $20.38.

NYSE AMX opened at $16.46 on Tuesday. America Movil SAB de CV ADR Series L has a 12 month low of $14.85 and a 12 month high of $19.91. The stock has a market capitalization of $54.68 billion, a price-to-earnings ratio of 87.11, a P/E/G ratio of 1.05 and a beta of 0.57. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.72 and a current ratio of 0.80.

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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