Nordea Investment Management AB Invests $7.12 Million in America Movil SAB de CV ADR Series L (AMX)

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Nordea Investment Management AB bought a new stake in shares of America Movil SAB de CV ADR Series L (NYSE:AMX) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 443,390 shares of the Wireless communications provider’s stock, valued at approximately $7,121,000.

A number of other large investors have also added to or reduced their stakes in AMX. Flow Traders U.S. LLC purchased a new position in America Movil SAB de CV ADR Series L during the 3rd quarter valued at about $170,000. Virtu Financial LLC purchased a new position in America Movil SAB de CV ADR Series L during the 3rd quarter valued at about $171,000. HPM Partners LLC grew its stake in America Movil SAB de CV ADR Series L by 31.6% during the 3rd quarter. HPM Partners LLC now owns 15,682 shares of the Wireless communications provider’s stock valued at $252,000 after acquiring an additional 3,767 shares in the last quarter. Jefferies Group LLC purchased a new position in America Movil SAB de CV ADR Series L during the 3rd quarter valued at about $354,000. Finally, Stevens Capital Management LP purchased a new position in America Movil SAB de CV ADR Series L during the 3rd quarter valued at about $605,000. 7.62% of the stock is currently owned by institutional investors.

AMX has been the topic of several research analyst reports. ValuEngine cut America Movil SAB de CV ADR Series L from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Zacks Investment Research cut America Movil SAB de CV ADR Series L from a “hold” rating to a “strong sell” rating in a research note on Friday, October 5th. TheStreet raised America Movil SAB de CV ADR Series L from a “c” rating to a “b-” rating in a research note on Monday, October 22nd. UBS Group raised America Movil SAB de CV ADR Series L from a “market perform” rating to an “outperform” rating in a research note on Friday, November 9th. Finally, Bradesco Corretora raised America Movil SAB de CV ADR Series L to a “neutral” rating in a research note on Monday, November 26th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. America Movil SAB de CV ADR Series L presently has a consensus rating of “Hold” and an average price target of $19.75.

Shares of America Movil SAB de CV ADR Series L stock opened at $15.46 on Friday. The company has a market cap of $52.03 billion, a price-to-earnings ratio of 22.74, a P/E/G ratio of 0.74 and a beta of 0.31. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.78 and a quick ratio of 0.68. America Movil SAB de CV ADR Series L has a 12-month low of $12.00 and a 12-month high of $19.91.

America Movil SAB de CV ADR Series L (NYSE:AMX) last announced its earnings results on Tuesday, October 16th. The Wireless communications provider reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). The company had revenue of $13.15 billion for the quarter, compared to the consensus estimate of $12.94 billion. America Movil SAB de CV ADR Series L had a return on equity of 12.80% and a net margin of 2.57%. As a group, equities analysts predict that America Movil SAB de CV ADR Series L will post 0.7 EPS for the current fiscal year.

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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 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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