America Movil, S.A.B. de C.V. Unsponsored ADR $AMX Shares Bought by ABS Direct Equity Fund LLC

Key Points

• ABS Direct Equity Fund LLC increased its stake in America Movil (NYSE:AMX) by 1,549.4% in Q4, buying 257,200 shares to hold 273,800 shares worth $5.66M, making AMX about 6.7% of the fund and its fourth-largest holding.
• Other institutions also boosted positions—Robeco owns 8.38M shares after a 93.8% increase ($173.15M) and Lazard holds 17.7M shares ($371.77M)—and institutional investors collectively own roughly 6.30% of America Movil.
• Analysts have a consensus rating of Hold with a $25.02 average target; recent targets range from $24.50 to $31.50, while AMX trades near $26.16 with a market cap of $78.9B and a P/E of 16.7.

ABS Direct Equity Fund LLC lifted its position in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Free Report) by 1,549.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 273,800 shares of the Wireless communications provider's stock after purchasing an additional 257,200 shares during the quarter. America Movil accounts for approximately 6.7% of ABS Direct Equity Fund LLC's holdings, making the stock its 4th biggest holding. ABS Direct Equity Fund LLC's holdings in America Movil were worth $5,659,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. grew its holdings in America Movil by 93.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 8,376,918 shares of the Wireless communications provider's stock worth $173,151,000 after acquiring an additional 4,053,838 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of America Movil by 8.8% in the 3rd quarter. Lazard Asset Management LLC now owns 17,703,513 shares of the Wireless communications provider's stock valued at $371,774,000 after purchasing an additional 1,430,626 shares during the last quarter. Nan Fung Trinity HK Ltd. boosted its stake in shares of America Movil by 352.2% in the 3rd quarter. Nan Fung Trinity HK Ltd. now owns 1,433,900 shares of the Wireless communications provider's stock valued at $30,112,000 after purchasing an additional 1,116,800 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of America Movil by 79.4% in the 3rd quarter. American Century Companies Inc. now owns 2,445,349 shares of the Wireless communications provider's stock valued at $51,352,000 after purchasing an additional 1,082,493 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of America Movil in the 2nd quarter valued at approximately $11,252,000. Institutional investors own 6.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of America Movil from $23.50 to $24.50 and gave the company a "neutral" rating in a research report on Wednesday, March 11th. Weiss Ratings reiterated a "hold (c)" rating on shares of America Movil in a report on Monday, April 20th. UBS Group raised their target price on shares of America Movil to $31.50 and gave the company a "buy" rating in a research note on Thursday, April 23rd. New Street Research raised shares of America Movil from a "neutral" rating to a "buy" rating in a research report on Tuesday, April 7th. Finally, Wall Street Zen cut shares of America Movil from a "strong-buy" rating to a "buy" rating in a research report on Saturday, April 18th. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, America Movil currently has an average rating of "Hold" and a consensus target price of $25.02.

America Movil Stock Down 0.1%

AMX stock opened at $26.16 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.97. The company has a market cap of $78.88 billion, a PE ratio of 16.67, a price-to-earnings-growth ratio of 0.92 and a beta of 0.71. America Movil, S.A.B. de C.V. Unsponsored ADR has a 52 week low of $16.29 and a 52 week high of $27.70. The business has a 50-day simple moving average of $25.11 and a 200 day simple moving average of $23.00.

America Movil (NYSE:AMX - Get Free Report) last issued its earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 EPS for the quarter. The firm had revenue of $13.24 billion during the quarter. America Movil had a return on equity of 20.08% and a net margin of 9.23%. Sell-side analysts anticipate that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.85 EPS for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.