Capital International Sarl Increases Stake in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Capital International Sarl raised its holdings in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 4.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,331,948 shares of the Wireless communications provider’s stock after acquiring an additional 61,444 shares during the quarter. Capital International Sarl’s holdings in America Movil were worth $27,971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Trust Co. of Vermont bought a new position in America Movil in the 3rd quarter worth $31,000. EverSource Wealth Advisors LLC grew its stake in shares of 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 valued at $38,000 after acquiring an additional 1,235 shares during the period. Geneos Wealth Management Inc. purchased a new position in America Movil during the second quarter valued at approximately $54,000. 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 purchasing an additional 1,359 shares during the period. Finally, Parallel Advisors LLC lifted its position in shares of America Movil by 41.3% in the third quarter. Parallel Advisors LLC now owns 5,835 shares of the Wireless communications provider’s stock valued at $123,000 after acquiring an additional 1,706 shares in the last quarter. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

America Movil Stock Performance

Shares of NYSE:AMX opened at $24.00 on Tuesday. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.01. America Movil, S.A.B. de C.V. Unsponsored ADR has a 12 month low of $13.10 and a 12 month high of $26.16. The company has a market capitalization of $72.35 billion, a price-to-earnings ratio of 16.78 and a beta of 0.72. The firm’s 50-day moving average is $22.24 and its 200 day moving average is $21.75.

America Movil (NYSE:AMX) last announced its earnings results on Thursday, February 12th. The Wireless communications provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.08). The business had revenue of $13.59 billion for the quarter, compared to analysts’ expectations of $13.09 billion. America Movil had a net margin of 8.78% and a return on equity of 18.92%. Research analysts predict that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on AMX shares. Santander cut shares of America Movil from an “outperform” rating to a “neutral” rating in a research report on Friday, December 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of America Movil in a report on Wednesday, January 21st. Wall Street Zen raised shares of America Movil from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th. UBS Group restated a “buy” rating and issued a $30.00 target price (up from $23.60) on shares of America Movil in a report on Tuesday, February 24th. Finally, Bank of America initiated coverage on America Movil in a research report on Thursday, December 11th. They issued a “neutral” rating and a $26.00 price target for the company. Three analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $23.26.

America Movil Company 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.