230,898 Shares in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Purchased by IFC Advisors LLC

IFC Advisors LLC bought a new position in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 230,898 shares of the Wireless communications provider's stock, valued at approximately $3,283,000.

Several other institutional investors have also added to or reduced their stakes in the company. Transce3nd LLC purchased a new position in America Movil during the 4th quarter worth $26,000. Lee Danner & Bass Inc. acquired a new stake in America Movil during the 4th quarter worth about $29,000. Parvin Asset Management LLC acquired a new position in shares of America Movil in the 4th quarter valued at about $39,000. Garde Capital Inc. acquired a new position in shares of America Movil in the 1st quarter valued at about $40,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of America Movil by 82.5% in the 4th quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider's stock valued at $45,000 after buying an additional 1,414 shares during the period. Hedge funds and other institutional investors own 6.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Wall Street Zen upgraded America Movil from a "hold" rating to a "buy" rating in a research note on Saturday. HSBC upgraded America Movil from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $15.50 to $17.50 in a research note on Monday, April 14th. Hsbc Global Res upgraded America Movil from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. Finally, UBS Group upped their price target on America Movil from $19.60 to $20.40 and gave the company a "neutral" rating in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $16.78.

America Movil Stock Down 0.3%

Shares of NYSE AMX traded down $0.05 during mid-day trading on Tuesday, hitting $17.32. The company had a trading volume of 1,016,878 shares, compared to its average volume of 1,982,853. The company has a market capitalization of $52.57 billion, a PE ratio of 32.07, a price-to-earnings-growth ratio of 1.11 and a beta of 0.79. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.71 and a quick ratio of 0.66. America Movil, S.A.B. de C.V. Unsponsored ADR has a 1-year low of $13.10 and a 1-year high of $18.43. The business's 50-day simple moving average is $17.37 and its 200 day simple moving average is $15.62.

America Movil (NYSE:AMX - Get Free Report) last posted its earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). The business had revenue of $11.36 billion during the quarter, compared to analysts' expectations of $11.28 billion. America Movil had a net margin of 3.55% and a return on equity of 7.19%. On average, analysts predict that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 earnings per share for the current year.

America Movil Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, July 21st. Shareholders of record on Friday, July 11th will be issued a dividend of $0.2732 per share. This is a positive change from America Movil's previous semi-annual dividend of $0.24. The ex-dividend date of this dividend is Friday, July 11th. This represents a dividend yield of 3%. America Movil's dividend payout ratio (DPR) is presently 144.44%.

America Movil Profile

América Móvil, SAB. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It provides data services, such as data centers, data administration, and hosting services to residential and corporate clients; value-added services, including Internet access, messaging and other wireless entertainment, and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and wireless security services, mobile payment solutions, machine-to-machine services, mobile banking, virtual private network services, and video calls and personal communications services.