68,057 Shares in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX Bought by Quadrant Capital Group LLC

Quadrant Capital Group LLC purchased a new stake in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 68,057 shares of the Wireless communications provider’s stock, valued at approximately $1,429,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMX. Trust Co. of Vermont acquired a new position in shares of America Movil in the third quarter worth about $31,000. EverSource Wealth Advisors LLC grew its position 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 shares of America Movil in the 2nd quarter valued at about $54,000. Global Retirement Partners LLC increased its stake in shares of America Movil by 53.8% in 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 in the last quarter. Finally, Parallel Advisors LLC raised its holdings in America Movil by 41.3% in the 3rd quarter. Parallel Advisors LLC now owns 5,835 shares of the Wireless communications provider’s stock worth $123,000 after purchasing an additional 1,706 shares during the period. Hedge funds and other institutional investors own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on AMX shares. Bank of America assumed coverage on America Movil in a report on Thursday, December 11th. They issued a “neutral” rating and a $26.00 price objective on the stock. Zacks Research lowered America Movil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 10th. Weiss Ratings reissued a “hold (c)” rating on shares of America Movil in a report on Wednesday, January 21st. JPMorgan Chase & Co. upped their price objective on shares of America Movil from $23.50 to $24.50 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, UBS Group reiterated a “buy” rating and issued a $30.00 target price (up from $23.60) on shares of America Movil in a research report on Tuesday, February 24th. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $23.40.

America Movil Stock Down 2.8%

Shares of AMX opened at $23.02 on Friday. The stock has a 50 day moving average price of $22.41 and a 200 day moving average price of $21.80. America Movil, S.A.B. de C.V. Unsponsored ADR has a one year low of $13.10 and a one year high of $26.16. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.68 and a current ratio of 0.74. The stock has a market capitalization of $69.39 billion, a price-to-earnings ratio of 16.09 and a beta of 0.72.

America Movil (NYSE:AMX) last announced its quarterly earnings data 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 net margin of 8.78% and a return on equity of 18.92%. The firm had revenue of $13.59 billion during the quarter, compared to analysts’ expectations of $13.09 billion. Equities research analysts forecast 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 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.