American Century Companies Inc. boosted its holdings in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Free Report) by 79.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,445,349 shares of the Wireless communications provider's stock after buying an additional 1,082,493 shares during the quarter. American Century Companies Inc. owned 0.08% of America Movil worth $51,352,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. TrueMark Investments LLC bought a new stake in shares of America Movil in the third quarter worth $2,350,000. GAM Holding AG bought a new position in America Movil in the third quarter valued at about $1,619,000. Allworth Financial LP boosted its position 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 worth $609,000 after purchasing an additional 28,211 shares during the last quarter. Bailard Inc. bought a new stake in shares of America Movil during the 3rd quarter valued at about $1,050,000. Finally, Boston Partners increased its position 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 valued at $74,043,000 after purchasing an additional 4,063,982 shares during the last quarter. Hedge funds and other institutional investors own 6.30% of the company's stock.
America Movil Stock Performance
NYSE:AMX opened at $24.38 on Friday. The stock has a 50-day moving average price of $22.12 and a 200 day moving average price of $21.65. The stock has a market capitalization of $73.51 billion, a P/E ratio of 17.05 and a beta of 0.72. America Movil, S.A.B. de C.V. Unsponsored ADR has a 12-month low of $13.10 and a 12-month high of $26.16. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.01.
America Movil (NYSE:AMX - Get Free Report) last posted its quarterly 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). 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. Equities research analysts forecast that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. Santander cut shares of America Movil from an "outperform" rating to a "neutral" rating in a research note on Friday, December 12th. Zacks Research cut shares of America Movil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 10th. Bank of America started coverage on shares of America Movil in a research note on Thursday, December 11th. They set a "neutral" rating and a $26.00 price target on the stock. UBS Group reissued a "buy" rating and set a $30.00 price objective (up from $23.60) on shares of America Movil in a research report on Tuesday, February 24th. Finally, Wall Street Zen raised America Movil from a "buy" rating to a "strong-buy" rating in a report on Saturday, January 17th. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $23.26.
Read Our Latest Stock Report on AMX
About America Movil
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Free Report)
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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