America Movil SAB de CV ADR Series L (NYSE:AMX) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. cut its position in America Movil SAB de CV ADR Series L (NYSE:AMX) by 5.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,161 shares of the Wireless communications provider’s stock after selling 2,233 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in America Movil SAB de CV ADR Series L were worth $614,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC boosted its holdings in shares of America Movil SAB de CV ADR Series L by 110.4% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,948 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 1,022 shares during the period. Parallel Advisors LLC grew its holdings in shares of America Movil SAB de CV ADR Series L by 66.8% during the first quarter. Parallel Advisors LLC now owns 2,001 shares of the Wireless communications provider’s stock valued at $29,000 after buying an additional 801 shares in the last quarter. Bremer Bank National Association acquired a new position in America Movil SAB de CV ADR Series L during the first quarter valued at $42,000. JFS Wealth Advisors LLC raised its position in America Movil SAB de CV ADR Series L by 99.9% during the second quarter. JFS Wealth Advisors LLC now owns 3,120 shares of the Wireless communications provider’s stock valued at $45,000 after buying an additional 1,559 shares during the period. Finally, Meeder Asset Management Inc. purchased a new stake in America Movil SAB de CV ADR Series L in the 2nd quarter worth about $65,000. 6.94% of the stock is owned by institutional investors and hedge funds.

Separately, ValuEngine lowered America Movil SAB de CV ADR Series L from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $17.67.



AMX traded down $0.02 during trading on Wednesday, reaching $14.40. 17,764 shares of the stock traded hands, compared to its average volume of 2,030,340. The stock has a market cap of $47.99 billion, a price-to-earnings ratio of 17.96, a price-to-earnings-growth ratio of 0.96 and a beta of 0.46. America Movil SAB de CV ADR Series L has a fifty-two week low of $12.00 and a fifty-two week high of $17.08. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.66 and a quick ratio of 0.59. The stock’s 50-day simple moving average is $13.95 and its two-hundred day simple moving average is $14.54.

America Movil SAB de CV ADR Series L (NYSE:AMX) last issued its earnings results on Tuesday, July 16th. The Wireless communications provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.09). America Movil SAB de CV ADR Series L had a return on equity of 26.07% and a net margin of 6.15%. The firm had revenue of $13.08 billion during the quarter, compared to analyst estimates of $13.04 billion. Research analysts anticipate that America Movil SAB de CV ADR Series L will post 0.88 earnings per share for the current fiscal year.

About America Movil SAB de CV ADR Series L

América Móvil, SAB. de C.V. provides telecommunications services in Latin America, the United States, the Caribbean, and Europe. 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 wireless security services, mobile payment solutions, machine-to-machine services, mobile banking, virtual private network services, and video calls and personal communications services.

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Institutional Ownership by Quarter for America Movil SAB de CV ADR Series L (NYSE:AMX)

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