136,689 Shares in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX Acquired by Mirabella Financial Services LLP

Key Points

• Mirabella Financial Services LLP acquired a new stake of 136,689 shares of America Movil (NYSE:AMX) in the third quarter, valued at about $2.87 million.
• Analyst activity is mixed — several recent downgrades and coverage changes — and the stock carries a consensus rating of "Hold" with an average price target of $23.40.
• America Movil reported quarterly EPS of $0.35 (missing estimates) with revenue of $13.59 billion (above estimates); shares trade near $23.46, with a 52‑week range of $13.10–$26.16 and a market cap around $70.7 billion.

Mirabella Financial Services LLP acquired a new stake in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 136,689 shares of the Wireless communications provider's stock, valued at approximately $2,870,000.

Several other large investors have also modified their holdings of the stock. Trust Co. of Vermont acquired a new position in shares of America Movil in the 3rd quarter worth $31,000. EverSource Wealth Advisors LLC lifted its holdings in shares of America Movil by 142.3% during the second 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 shares of America Movil in the 2nd quarter valued at $54,000. Global Retirement Partners LLC increased its stake in 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 worth $82,000 after purchasing an additional 1,359 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake 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 in the last quarter. 6.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on AMX. Santander cut shares of America Movil from an "outperform" rating to a "neutral" rating in a report on Friday, December 12th. Bank of America assumed coverage on shares of America Movil in a report on Thursday, December 11th. They set a "neutral" rating and a $26.00 price target on the stock. Zacks Research downgraded shares of America Movil from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 10th. UBS Group reaffirmed a "buy" rating and issued a $30.00 price objective (up from $23.60) on shares of America Movil in a research note on Tuesday, February 24th. Finally, JPMorgan Chase & Co. lifted 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, March 11th. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, America Movil has a consensus rating of "Hold" and an average price target of $23.40.

America Movil Stock Performance

Shares of AMX opened at $23.46 on Tuesday. 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, 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's 50 day moving average price is $22.51 and its 200 day moving average price is $21.87. The company has a market capitalization of $70.74 billion, a PE ratio of 16.41 and a beta of 0.72.

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

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.

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