Shares of America Movil SAB de CV ADR Series L (NYSE:AMX) were down 6.2% during trading on Thursday . The stock traded as low as $14.43 and last traded at $14.54. Approximately 5,858,323 shares traded hands during trading, an increase of 115% from the average daily volume of 2,722,807 shares. The stock had previously closed at $15.50.

Several analysts have recently commented on AMX shares. Bank of America raised their price objective on shares of 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. UBS Group downgraded shares of America Movil SAB de CV ADR Series L from a “neutral” rating to an “underperform” rating in a research report on Thursday, September 13th. Zacks Investment Research downgraded shares of 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. Royal Bank of Canada restated a “sell” rating and set a $16.00 price objective on shares of America Movil SAB de CV ADR Series L in a research report on Tuesday, July 31st. Finally, ValuEngine downgraded shares of America Movil SAB de CV ADR Series L from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $20.29.

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 cap of $51.21 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 0.99 and a beta of 0.55.

The business also recently declared a dividend, which was paid on Friday, November 9th. Shareholders of record on Friday, November 9th were issued a $0.161 dividend. The ex-dividend date was Thursday, November 8th. America Movil SAB de CV ADR Series L’s dividend payout ratio is currently 50.00%.

A number of hedge funds and other institutional investors have recently made changes to their positions in AMX. Signature Financial Management Inc. bought a new stake in America Movil SAB de CV ADR Series L in the 2nd quarter valued at $167,000. Exane Derivatives increased its holdings 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 during the last quarter. Engineers Gate Manager LP bought a new stake in America Movil SAB de CV ADR Series L in the 2nd quarter valued at $407,000. Alpha Cubed Investments LLC increased its holdings in America Movil SAB de CV ADR Series L by 33.4% in the 3rd quarter. Alpha Cubed Investments LLC now owns 44,375 shares of the Wireless communications provider’s stock valued at $657,000 after acquiring an additional 11,100 shares during the last quarter. Finally, Lenox Wealth Management Inc. increased its holdings in America Movil SAB de CV ADR Series L by 8.6% in the 2nd quarter. Lenox Wealth Management Inc. now owns 75,267 shares of the Wireless communications provider’s stock valued at $1,254,000 after acquiring an additional 5,931 shares during the last quarter. Institutional investors own 7.52% of the company’s stock.

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About America Movil SAB de CV ADR Series L (NYSE:AMX)

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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