America Movil, S.A.B. de C.V. Unsponsored ADR $AMX Position Boosted by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its stake in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 100.2% in the third quarter, Holdings Channel.com reports. The firm owned 42,674 shares of the Wireless communications provider’s stock after acquiring an additional 21,357 shares during the quarter. Advisors Asset Management Inc.’s holdings in America Movil were worth $896,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in AMX. TrueMark Investments LLC acquired a new stake in shares of America Movil during the 3rd quarter valued at about $2,350,000. GAM Holding AG acquired a new stake in America Movil in the third quarter valued at approximately $1,619,000. Allworth Financial LP lifted its stake in America Movil by 492.7% in the second quarter. Allworth Financial LP now owns 33,937 shares of the Wireless communications provider’s stock valued at $609,000 after acquiring an additional 28,211 shares during the last quarter. Bailard Inc. bought a new stake in America Movil in the third quarter worth approximately $1,050,000. Finally, Boston Partners increased its stake in shares of America Movil by 6,421.7% during the 2nd quarter. Boston Partners now owns 4,127,267 shares of the Wireless communications provider’s stock worth $74,043,000 after purchasing an additional 4,063,982 shares during the last quarter. 6.30% of the stock is currently owned by institutional investors and hedge funds.

America Movil Price Performance

NYSE AMX opened at $24.37 on Wednesday. The stock has a 50-day simple moving average of $21.19 and a 200 day simple moving average of $21.18. America Movil, S.A.B. de C.V. Unsponsored ADR has a twelve month low of $13.10 and a twelve month high of $24.44. The stock has a market capitalization of $73.49 billion, a PE ratio of 17.04 and a beta of 0.76. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.68 and a current ratio of 0.74.

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

Analysts Set New Price Targets

Several research firms recently issued reports on AMX. Weiss Ratings reaffirmed a “hold (c)” rating on shares of America Movil in a research note on Wednesday, January 21st. Zacks Research downgraded America Movil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Santander lowered America Movil from an “outperform” rating to a “neutral” rating in a report on Friday, December 12th. The Goldman Sachs Group set a $24.30 target price on America Movil and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Finally, Bank of America started coverage on America Movil in a research report on Thursday, December 11th. They set a “neutral” rating and a $26.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $22.34.

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.