Thrivent Financial for Lutherans Invests $1.17 Million in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Thrivent Financial for Lutherans purchased a new stake in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 55,837 shares of the Wireless communications provider’s stock, valued at approximately $1,172,000.

Other large investors have also recently bought and sold shares of the company. Advantage Trust Co acquired a new stake in shares of America Movil in the 2nd quarter valued at $30,000. Trust Co. of Vermont bought a new position in America Movil in the third quarter valued at approximately $31,000. EverSource Wealth Advisors LLC grew its holdings in America Movil by 142.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock worth $38,000 after acquiring an additional 1,235 shares during the period. Geneos Wealth Management Inc. acquired a new stake in America Movil during the 2nd quarter worth $54,000. Finally, Global Retirement Partners LLC raised its position in shares of America Movil by 53.8% during the 3rd quarter. Global Retirement Partners LLC now owns 3,883 shares of the Wireless communications provider’s stock valued at $82,000 after acquiring an additional 1,359 shares during the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on AMX. Santander lowered America Movil from an “outperform” rating to a “neutral” rating in a research report on Friday, December 12th. JPMorgan Chase & Co. raised their target price on America Movil from $21.00 to $23.50 and gave the stock a “neutral” rating in a report on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of America Movil in a research note on Wednesday, January 21st. Bank of America started coverage on shares of America Movil in a research report on Thursday, December 11th. They issued a “neutral” rating and a $26.00 price target on the stock. Finally, Zacks Research downgraded shares of America Movil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Two equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $22.34.

America Movil Trading Down 0.3%

NYSE:AMX opened at $23.79 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.81 and a quick ratio of 0.76. The business’s 50-day simple moving average is $21.08 and its 200-day simple moving average is $21.07. America Movil, S.A.B. de C.V. Unsponsored ADR has a fifty-two week low of $13.10 and a fifty-two week high of $24.11. The stock has a market capitalization of $71.71 billion, a PE ratio of 16.63 and a beta of 0.76.

America Movil (NYSE:AMX) last posted its earnings results on Thursday, February 12th. The Wireless communications provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). America Movil had a return on equity of 18.78% and a net margin of 8.78%.The business had revenue of $13.59 billion for the quarter, compared to the consensus estimate of $13.09 billion. Sell-side analysts expect that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 earnings per share for the current fiscal year.

America Movil Profile

América Móvil is a Mexican telecommunications company headquartered in Mexico City that provides a broad range of communications services. Established in the early 2000s out of the expansion of the Slim family’s telecommunications holdings, the company is a major provider of mobile and fixed-line telephony, broadband internet and pay-television services in the region. Its operations span retail consumer services as well as wholesale and enterprise solutions, positioning it as an integrated communications provider across multiple customer segments.

The company markets services under several regional brands—most notably Telcel in Mexico and Claro across many Latin American markets—and offers both prepaid and postpaid mobile plans, fixed and mobile broadband, fiber-to-the-home where available, and video/broadcast distribution services.