America Movil SAB de CV ADR Series L (AMX) Stake Lowered by ClariVest Asset Management LLC

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ClariVest Asset Management LLC decreased its position in America Movil SAB de CV ADR Series L (NYSE:AMX) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,877,200 shares of the Wireless communications provider’s stock after selling 11,400 shares during the quarter. ClariVest Asset Management LLC owned approximately 0.06% of America Movil SAB de CV ADR Series L worth $26,750,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Ipswich Investment Management Co. Inc. bought a new position in America Movil SAB de CV ADR Series L during the fourth quarter worth $42,000. Navellier & Associates Inc bought a new position in America Movil SAB de CV ADR Series L during the fourth quarter worth $62,000. Rehmann Capital Advisory Group increased its position in America Movil SAB de CV ADR Series L by 289.1% during the third quarter. Rehmann Capital Advisory Group now owns 7,435 shares of the Wireless communications provider’s stock worth $463,000 after acquiring an additional 5,524 shares during the period. Flow Traders U.S. LLC bought a new position in America Movil SAB de CV ADR Series L during the third quarter worth $170,000. Finally, Virtu Financial LLC bought a new position in America Movil SAB de CV ADR Series L during the third quarter worth $171,000. 7.47% of the stock is currently owned by institutional investors.

Shares of NYSE:AMX opened at $15.91 on Monday. 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 debt-to-equity ratio of 2.94, a quick ratio of 0.68 and a current ratio of 0.78. The firm has a market capitalization of $52.56 billion, a PE ratio of 23.40, a PEG ratio of 0.75 and a beta of 0.38.

A number of research firms have weighed in on AMX. Zacks Investment Research reiterated a “strong sell” rating on shares of America Movil SAB de CV ADR Series L in a research note on Monday, December 31st. TheStreet upgraded shares of America Movil SAB de CV ADR Series L from a “c” rating to a “b-” rating in a research note on Monday, October 22nd. ValuEngine downgraded shares of America Movil SAB de CV ADR Series L from a “hold” rating to a “sell” rating in a research note on Monday, November 26th. Bradesco Corretora upgraded shares of America Movil SAB de CV ADR Series L to a “neutral” rating in a research note on Monday, November 26th. Finally, Scotiabank set a $19.00 price target on shares of America Movil SAB de CV ADR Series L and gave the stock a “buy” rating in a research note on Wednesday, November 28th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $19.57.

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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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