Dalton Investments Inc. Sells 45,400 Shares of America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Dalton Investments Inc. lessened its position in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 47.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 50,000 shares of the Wireless communications provider’s stock after selling 45,400 shares during the period. America Movil comprises approximately 0.7% of Dalton Investments Inc.’s holdings, making the stock its 14th biggest holding. Dalton Investments Inc.’s holdings in America Movil were worth $1,050,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Boston Partners lifted its holdings in America Movil by 6,421.7% during the 2nd quarter. Boston Partners now owns 4,127,267 shares of the Wireless communications provider’s stock valued at $74,043,000 after purchasing an additional 4,063,982 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of America Movil by 359.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 4,323,080 shares of the Wireless communications provider’s stock worth $90,785,000 after buying an additional 3,382,107 shares in the last quarter. Nan Fung Trinity HK Ltd. raised its stake in shares of America Movil by 352.2% in the third quarter. Nan Fung Trinity HK Ltd. now owns 1,433,900 shares of the Wireless communications provider’s stock valued at $30,112,000 after acquiring an additional 1,116,800 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of America Movil by 5.4% in the 2nd quarter. Lazard Asset Management LLC now owns 16,272,887 shares of the Wireless communications provider’s stock worth $291,934,000 after acquiring an additional 832,787 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of America Movil in the 2nd quarter worth approximately $11,252,000. Institutional investors and hedge funds own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AMX. The Goldman Sachs Group set a $24.30 price objective on America Movil and gave the company a “buy” rating in a research report on Wednesday, October 22nd. UBS Group lifted their price target on America Movil from $21.10 to $23.60 and gave the company a “neutral” rating in a report on Thursday, October 16th. Zacks Research lowered shares of America Movil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 10th. JPMorgan Chase & Co. boosted their target price on shares of America Movil from $21.00 to $23.50 and gave the stock a “neutral” rating in a research note on Monday, October 20th. Finally, Wall Street Zen upgraded shares of America Movil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. Two research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, America Movil presently has a consensus rating of “Hold” and an average price target of $22.34.

America Movil Price Performance

Shares of AMX stock opened at $23.87 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.02. America Movil, S.A.B. de C.V. Unsponsored ADR has a 12 month low of $13.10 and a 12 month high of $24.11. The firm has a market cap of $71.95 billion, a price-to-earnings ratio of 19.40 and a beta of 0.76. The stock has a 50-day moving average price of $21.04 and a 200 day moving average price of $21.01.

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.