Investors Research Corp Has $43,000 Stock Position in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Investors Research Corp lessened its stake in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 91.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,100 shares of the Wireless communications provider’s stock after selling 23,601 shares during the quarter. Investors Research Corp’s holdings in America Movil were worth $43,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of AMX. Trust Co. of Vermont bought a new stake in shares of America Movil during the third quarter valued at approximately $31,000. EverSource Wealth Advisors LLC increased its holdings in shares of America Movil by 142.3% in the second quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock valued at $38,000 after purchasing an additional 1,235 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in America Movil in the 2nd quarter worth approximately $54,000. Global Retirement Partners LLC raised its position in America Movil by 53.8% in the 3rd quarter. Global Retirement Partners LLC now owns 3,883 shares of the Wireless communications provider’s stock worth $82,000 after purchasing an additional 1,359 shares during the last quarter. Finally, National Bank of Canada FI lifted its holdings in America Movil by 71.0% during the 3rd quarter. National Bank of Canada FI now owns 4,301 shares of the Wireless communications provider’s stock worth $91,000 after buying an additional 1,786 shares in the last quarter. 6.30% of the stock is owned by institutional investors.

America Movil Stock Down 2.2%

Shares of NYSE:AMX opened at $23.34 on Friday. The company has a 50 day moving average price of $22.78 and a two-hundred day moving average price of $21.95. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.68 and a current ratio of 0.74. The company has a market capitalization of $70.36 billion, a PE ratio of 16.32 and a beta of 0.72. America Movil, S.A.B. de C.V. Unsponsored ADR has a 52 week low of $13.10 and a 52 week high of $26.16.

America Movil (NYSE:AMX) last announced its quarterly earnings results on Thursday, February 12th. The Wireless communications provider reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). America Movil had a return on equity of 18.92% and a net margin of 8.78%.The firm had revenue of $13.59 billion for the quarter, compared to the consensus estimate of $13.09 billion. Analysts forecast that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have commented on AMX shares. Wall Street Zen upgraded America Movil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of America Movil in a research note on Wednesday, January 21st. JPMorgan Chase & Co. raised their price target on America Movil from $23.50 to $24.50 and gave the company a “neutral” rating in a report on Wednesday, March 11th. Zacks Research lowered America Movil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 10th. Finally, UBS Group reissued a “buy” rating and set a $30.00 price objective (up from $23.60) on shares of America Movil in a report on Tuesday, February 24th. Three research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $23.40.

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.