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

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Oppenheimer Asset Management Inc. increased its position in America Movil SAB de CV ADR Series L (NYSE:AMX) by 42.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,694 shares of the Wireless communications provider’s stock after buying an additional 14,604 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in America Movil SAB de CV ADR Series L were worth $694,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Schroder Investment Management Group raised its position in shares of America Movil SAB de CV ADR Series L by 103.8% during the third quarter. Schroder Investment Management Group now owns 20,062,029 shares of the Wireless communications provider’s stock worth $322,196,000 after purchasing an additional 10,218,271 shares during the period. Capital Guardian Trust Co. raised its position in America Movil SAB de CV ADR Series L by 1.7% during the third quarter. Capital Guardian Trust Co. now owns 4,568,715 shares of the Wireless communications provider’s stock valued at $73,374,000 after buying an additional 77,792 shares during the period. Axiom International Investors LLC DE raised its position in America Movil SAB de CV ADR Series L by 18.3% during the third quarter. Axiom International Investors LLC DE now owns 4,436,158 shares of the Wireless communications provider’s stock valued at $71,245,000 after buying an additional 684,658 shares during the period. Bamco Inc. NY raised its position in America Movil SAB de CV ADR Series L by 5.3% during the third quarter. Bamco Inc. NY now owns 4,357,393 shares of the Wireless communications provider’s stock valued at $69,980,000 after buying an additional 218,200 shares during the period. Finally, USS Investment Management Ltd raised its position in America Movil SAB de CV ADR Series L by 20.8% during the third quarter. USS Investment Management Ltd now owns 4,063,185 shares of the Wireless communications provider’s stock valued at $65,275,000 after buying an additional 700,000 shares during the period. Institutional investors and hedge funds own 7.47% of the company’s stock.

Several research analysts recently weighed in on AMX shares. TheStreet raised America Movil SAB de CV ADR Series L from a “c” rating to a “b-” rating in a research report on Monday, October 22nd. Scotiabank set a $19.00 target price on America Movil SAB de CV ADR Series L and gave the stock a “buy” rating in a research report on Wednesday, November 28th. UBS Group assumed coverage on America Movil SAB de CV ADR Series L in a research report on Wednesday, November 28th. They issued a “buy” rating and a $17.00 target price on the stock. Bradesco Corretora raised America Movil SAB de CV ADR Series L to a “neutral” rating in a research report on Monday, November 26th. Finally, ValuEngine lowered America Movil SAB de CV ADR Series L from a “hold” rating to a “sell” rating in a research report on Monday, November 26th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $19.57.

AMX opened at $15.91 on Monday. The stock has a market cap of $52.56 billion, a PE ratio of 23.40, a P/E/G ratio of 0.75 and a beta of 0.38. America Movil SAB de CV ADR Series L has a 52-week low of $12.00 and a 52-week high of $19.91. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 2.94.

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America Movil SAB de CV ADR Series L Company Profile

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.

Further Reading: Can systematic risk be avoided?

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

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