CenterBook Partners LP Acquires New Shares in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Key Points

• CenterBook Partners initiated a position in América Móvil, buying 51,493 shares worth approximately $1.09 million during the third quarter. Institutional investors collectively own 6.3% of the stock.
• Analyst sentiment is moderately positive: MarketBeat reports an average “Moderate Buy” rating and an average price target of $29.43, with recent upgrades from JPMorgan and Zacks.
• América Móvil announced a special dividend of $0.2886 per share, payable November 18 to shareholders of record on November 10.

CenterBook Partners LP acquired a new stake in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 51,493 shares of the Wireless communications provider's stock, valued at approximately $1,091,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lazard Asset Management LLC lifted its position in shares of America Movil by 17.8% during the 1st quarter. Lazard Asset Management LLC now owns 20,807,915 shares of the Wireless communications provider's stock worth $530,186,000 after buying an additional 3,140,360 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in America Movil by 3.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 7,475,816 shares of the Wireless communications provider's stock valued at $158,413,000 after buying an additional 251,941 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in America Movil by 2.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,305,379 shares of the Wireless communications provider's stock worth $109,695,000 after acquiring an additional 90,217 shares during the period. Amundi raised its position in shares of America Movil by 11.2% in the first quarter. Amundi now owns 2,381,539 shares of the Wireless communications provider's stock worth $60,682,000 after buying an additional 239,057 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of America Movil by 314.2% during the 1st quarter. Bank of America Corp DE now owns 2,272,406 shares of the Wireless communications provider's stock valued at $57,901,000 after acquiring an additional 1,723,717 shares during the last quarter. 6.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMX has been the topic of several recent research reports. UBS Group reduced their price objective on America Movil from $32.50 to $31.00 and set a "buy" rating on the stock in a research report on Thursday, October 22nd. JPMorgan Chase & Co. raised shares of America Movil from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $30.00 to $32.00 in a research note on Tuesday, August 18th. Zacks Research raised America Movil from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 22nd. Santander upgraded America Movil from a "neutral" rating to an "outperform" rating in a report on Thursday, August 13th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of America Movil in a research report on Thursday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, America Movil has an average rating of "Moderate Buy" and an average target price of $29.43.

America Movil Stock Up 1.3%

AMX opened at $26.05 on Tuesday. The stock has a market capitalization of $78.29 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 1.33 and a beta of 0.58. The company has a quick ratio of 0.66, a current ratio of 0.71 and a debt-to-equity ratio of 0.90. The firm has a 50 day moving average price of $23.03 and a 200-day moving average price of $24.49. America Movil, S.A.B. de C.V. Unsponsored ADR has a twelve month low of $19.70 and a twelve month high of $28.46.

America Movil Announces Dividend

The company also recently announced a special dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Tuesday, November 10th will be given a $0.2886 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. America Movil's dividend payout ratio (DPR) is presently 34.10%.

America Movil Company Profile

América Móvil is a telecommunications company headquartered in Mexico City. Established in 2000, it grew from the wireless operations of Telmex and has expanded across the Americas and Europe.

The company provides mobile and fixed-line voice services, broadband internet, pay television and data services to residential, business and government customers. It also offers enterprise connectivity and related technology services.

América Móvil operates under brands that include Telcel in Mexico, Claro in many Latin American markets and A1 in parts of Europe.

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