IFC Advisors LLC Buys New Holdings in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX)

IFC Advisors LLC bought a new stake in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 230,898 shares of the Wireless communications provider's stock, valued at approximately $3,283,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMX. Transce3nd LLC bought a new stake in America Movil in the 4th quarter worth approximately $26,000. Lee Danner & Bass Inc. bought a new stake in America Movil in the 4th quarter worth approximately $29,000. Parvin Asset Management LLC bought a new stake in America Movil in the 4th quarter worth approximately $39,000. Garde Capital Inc. bought a new stake in America Movil in the 1st quarter worth approximately $40,000. Finally, Farther Finance Advisors LLC increased its stake in 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 worth $45,000 after acquiring an additional 1,414 shares during the last quarter. Institutional investors own 6.30% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on AMX. Hsbc Global Res raised America Movil from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. UBS Group upped their price objective on America Movil from $19.60 to $20.40 and gave the company a "neutral" rating in a research report on Wednesday. HSBC raised America Movil from a "hold" rating to a "buy" rating and upped their price objective for the company from $15.50 to $17.50 in a research report on Monday, April 14th. Finally, Wall Street Zen raised America Movil from a "hold" rating to a "buy" rating in a research report on Saturday. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $16.78.

America Movil Trading Down 0.5%

America Movil stock opened at $17.55 on Friday. The stock has a 50-day moving average of $17.36 and a two-hundred day moving average of $15.58. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.66 and a current ratio of 0.71. America Movil, S.A.B. de C.V. Unsponsored ADR has a one year low of $13.10 and a one year high of $18.51. The stock has a market cap of $53.26 billion, a PE ratio of 32.50, a price-to-earnings-growth ratio of 1.11 and a beta of 0.79.

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

America Movil Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, July 21st. Stockholders of record on Friday, July 11th will be paid a $0.2732 dividend. This represents a dividend yield of 3%. This is a boost from America Movil's previous semi-annual dividend of $0.24. The ex-dividend date is Friday, July 11th. America Movil's dividend payout ratio (DPR) is presently 44.44%.

About America Movil

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.

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