Russell Investments Group Ltd. Has $28.08 Million Stock Holdings in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Russell Investments Group Ltd. increased its holdings in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 36.6% in the third quarter, Holdings Channel.com reports. The firm owned 1,336,939 shares of the Wireless communications provider’s stock after purchasing an additional 358,105 shares during the quarter. Russell Investments Group Ltd.’s holdings in America Movil were worth $28,076,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AMX. Lazard Asset Management LLC lifted its stake in America Movil by 5.4% in the second quarter. Lazard Asset Management LLC now owns 16,272,887 shares of the Wireless communications provider’s stock valued at $291,934,000 after buying an additional 832,787 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of America Movil by 359.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 4,323,080 shares of the Wireless communications provider’s stock worth $90,785,000 after acquiring an additional 3,382,107 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of America Movil by 2.9% during the third quarter. Dimensional Fund Advisors LP now owns 4,143,980 shares of the Wireless communications provider’s stock worth $87,023,000 after acquiring an additional 118,668 shares in the last quarter. Boston Partners raised its holdings in shares of America Movil by 6,421.7% during the second quarter. Boston Partners now owns 4,127,267 shares of the Wireless communications provider’s stock worth $74,043,000 after acquiring an additional 4,063,982 shares during the period. Finally, Brandes Investment Partners LP lifted its position in America Movil by 2.5% in the 2nd quarter. Brandes Investment Partners LP now owns 3,047,720 shares of the Wireless communications provider’s stock valued at $54,676,000 after acquiring an additional 74,068 shares in the last quarter. 6.30% of the stock is currently owned by institutional investors and hedge funds.

America Movil Trading Down 2.8%

NYSE AMX opened at $23.02 on Friday. 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 current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.01. The stock has a 50 day moving average of $22.41 and a 200-day moving average of $21.80. The company has a market cap of $69.39 billion, a PE ratio of 16.09 and a beta of 0.72.

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of America Movil from $23.50 to $24.50 and gave the stock a “neutral” rating in a research note on Wednesday. UBS Group reissued a “buy” rating and issued a $30.00 price target (up from $23.60) on shares of America Movil in a research note on Tuesday, February 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of America Movil in a research report on Wednesday, January 21st. Santander downgraded America Movil from an “outperform” rating to a “neutral” rating in a report on Friday, December 12th. Finally, Wall Street Zen raised America Movil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $23.40.

About America Movil

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.