Biechele Royce Advisors Sells 5,575 Shares of America Movil SAB de CV ADR Series L (AMX)

Biechele Royce Advisors cut its stake in America Movil SAB de CV ADR Series L (NYSE:AMX) by 4.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 122,769 shares of the Wireless communications provider’s stock after selling 5,575 shares during the quarter. America Movil SAB de CV ADR Series L comprises approximately 1.2% of Biechele Royce Advisors’ investment portfolio, making the stock its 26th biggest position. Biechele Royce Advisors’ holdings in America Movil SAB de CV ADR Series L were worth $1,972,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. LPL Financial LLC increased its position in shares of America Movil SAB de CV ADR Series L by 18.7% during the 1st quarter. LPL Financial LLC now owns 83,137 shares of the Wireless communications provider’s stock worth $1,587,000 after purchasing an additional 13,115 shares during the last quarter. CIBC World Markets Inc. acquired a new position in America Movil SAB de CV ADR Series L in the 1st quarter valued at about $229,000. James Hambro & Partners acquired a new position in America Movil SAB de CV ADR Series L in the 2nd quarter valued at about $124,000. Calamos Advisors LLC grew its position in America Movil SAB de CV ADR Series L by 4.5% in the 2nd quarter. Calamos Advisors LLC now owns 345,880 shares of the Wireless communications provider’s stock valued at $5,762,000 after acquiring an additional 14,900 shares in the last quarter. Finally, Exane Derivatives grew its position in America Movil SAB de CV ADR Series L by 37.1% in the 2nd quarter. Exane Derivatives now owns 18,506 shares of the Wireless communications provider’s stock valued at $307,000 after acquiring an additional 5,007 shares in the last quarter. 7.54% of the stock is owned by institutional investors and hedge funds.

Shares of AMX traded up $0.28 during midday trading on Tuesday, hitting $14.15. The company had a trading volume of 402,094 shares, compared to its average volume of 3,415,989. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.68 and a current ratio of 0.78. The stock has a market capitalization of $47.77 billion, a PE ratio of 20.80, a PEG ratio of 0.89 and a beta of 0.50. America Movil SAB de CV ADR Series L has a 1 year low of $13.62 and a 1 year high of $19.91.

Several research firms have weighed in on AMX. ValuEngine downgraded America Movil SAB de CV ADR Series L from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Bank of America lifted their target price 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 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 research report on Tuesday, July 31st. Zacks Investment Research downgraded America Movil SAB de CV ADR Series L from a “hold” rating to a “strong sell” rating in a research report on Friday, October 5th. Finally, TheStreet downgraded America Movil SAB de CV ADR Series L from a “b-” rating to a “c” rating in a research report on Monday, July 23rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $20.29.

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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