Exane Derivatives Sells 9,259 Shares of America Movil SAB de CV ADR Series L (AMX)

Exane Derivatives trimmed its stake in shares of America Movil SAB de CV ADR Series L (NYSE:AMX) by 50.0% in the third quarter, HoldingsChannel.com reports. The fund owned 9,247 shares of the Wireless communications provider’s stock after selling 9,259 shares during the period. Exane Derivatives’ holdings in America Movil SAB de CV ADR Series L were worth $149,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of AMX. Schroder Investment Management Group raised its stake in shares of America Movil SAB de CV ADR Series L by 1,333.7% during the 2nd quarter. Schroder Investment Management Group now owns 9,843,758 shares of the Wireless communications provider’s stock worth $164,391,000 after buying an additional 9,157,166 shares in the last quarter. Morgan Stanley raised its stake in shares of America Movil SAB de CV ADR Series L by 505.0% during the 2nd quarter. Morgan Stanley now owns 9,078,471 shares of the Wireless communications provider’s stock worth $151,248,000 after buying an additional 7,577,793 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of America Movil SAB de CV ADR Series L by 5.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,594,342 shares of the Wireless communications provider’s stock worth $76,549,000 after buying an additional 226,445 shares in the last quarter. USS Investment Management Ltd raised its stake in shares of America Movil SAB de CV ADR Series L by 20.8% during the 3rd quarter. USS Investment Management Ltd now owns 4,063,185 shares of the Wireless communications provider’s stock worth $65,275,000 after buying an additional 700,000 shares in the last quarter. Finally, Northcape Capital Pty Ltd raised its stake in shares of America Movil SAB de CV ADR Series L by 11.0% during the 2nd quarter. Northcape Capital Pty Ltd now owns 2,761,310 shares of the Wireless communications provider’s stock worth $46,003,000 after buying an additional 273,451 shares in the last quarter. 7.52% of the stock is owned by institutional investors.

A number of equities analysts have recently issued reports on AMX shares. TheStreet downgraded America Movil SAB de CV ADR Series L from a “b-” rating to a “c” rating in a research note on Monday, July 23rd. Royal Bank of Canada reaffirmed a “sell” rating and issued a $16.00 price objective on shares of America Movil SAB de CV ADR Series L in a research note on Tuesday, July 31st. Bank of America raised their price objective on America Movil SAB de CV ADR Series L from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, August 7th. UBS Group downgraded America Movil SAB de CV ADR Series L from a “neutral” rating to an “underperform” rating in a research note on Thursday, September 13th. Finally, ValuEngine downgraded America Movil SAB de CV ADR Series L from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $20.29.



NYSE AMX opened at $14.46 on Friday. America Movil SAB de CV ADR Series L has a 1-year low of $13.99 and a 1-year high of $19.91. The company has a market capitalization of $47.77 billion, a P/E ratio of 76.11, a PEG ratio of 0.89 and a beta of 0.50. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 2.94.

America Movil SAB de CV ADR Series L Profile

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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