Mirabella Financial Services LLP Invests $2.87 Million in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Mirabella Financial Services LLP bought a new position in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 136,689 shares of the Wireless communications provider’s stock, valued at approximately $2,870,000.

Other large investors have also bought and sold shares of the company. Trust Co. of Vermont bought a new stake in America Movil during the 3rd quarter worth approximately $31,000. EverSource Wealth Advisors LLC raised its position in America Movil by 142.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock valued at $38,000 after purchasing an additional 1,235 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in America Movil in the second quarter worth $54,000. Global Retirement Partners LLC boosted its stake in America Movil by 53.8% in the third quarter. Global Retirement Partners LLC now owns 3,883 shares of the Wireless communications provider’s stock worth $82,000 after purchasing an additional 1,359 shares in the last quarter. Finally, National Bank of Canada FI grew its holdings in shares of America Movil by 71.0% during the third quarter. National Bank of Canada FI now owns 4,301 shares of the Wireless communications provider’s stock worth $91,000 after purchasing an additional 1,786 shares during the last quarter. 6.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AMX has been the subject of a number of research reports. Santander lowered America Movil from an “outperform” rating to a “neutral” rating in a research note on Friday, December 12th. Wall Street Zen raised shares of America Movil from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. UBS Group restated a “buy” rating and issued a $30.00 price objective (up from $23.60) on shares of America Movil in a research report on Tuesday, February 24th. JPMorgan Chase & Co. boosted 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, March 11th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of America Movil in a research report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $23.40.

America Movil Stock Down 0.2%

NYSE AMX opened at $23.74 on Thursday. The stock has a market capitalization of $71.56 billion, a P/E ratio of 16.60 and a beta of 0.72. America Movil, S.A.B. de C.V. Unsponsored ADR has a 52 week low of $13.10 and a 52 week 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 fifty day moving average of $22.65 and a 200-day moving average of $21.91.

America Movil (NYSE:AMX) last issued its quarterly 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 firm had revenue of $13.59 billion for the quarter, compared to analyst estimates of $13.09 billion. America Movil had a net margin of 8.78% and a return on equity of 18.92%. On average, equities research analysts forecast that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 EPS for the current 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.