Russell Investments Group Ltd. Has $28.08 Million Holdings in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Key Points

• Russell Investments raised its stake in América Móvil by 36.6% in Q3, owning 1,336,939 shares valued at about $28.08 million after buying an additional 358,105 shares.
• Wall Street sentiment is mixed with a MarketBeat consensus of "Hold" (average target $23.40), and recent results showed a missed EPS of $0.35 versus $0.43 consensus but revenue beat at $13.59 billion.
• The shares trade around $23.02 with a market cap of roughly $69.4 billion, a PE of 16.09, and a 52-week range of $13.10–$26.16; institutional investors own about 6.30% of the stock.

Russell Investments Group Ltd. raised its position in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Free Report) by 36.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,336,939 shares of the Wireless communications provider's stock after buying an additional 358,105 shares during the period. Russell Investments Group Ltd.'s holdings in America Movil were worth $28,076,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Trust Co. of Vermont bought a new position in America Movil in the 3rd quarter valued at $31,000. EverSource Wealth Advisors LLC grew its holdings in shares of America Movil by 142.3% during the second quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider's stock worth $38,000 after purchasing an additional 1,235 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of America Movil in the second quarter valued at $54,000. Global Retirement Partners LLC increased its stake in shares of America Movil by 53.8% in the third quarter. Global Retirement Partners LLC now owns 3,883 shares of the Wireless communications provider's stock valued at $82,000 after buying an additional 1,359 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of America Movil by 41.3% in the third quarter. Parallel Advisors LLC now owns 5,835 shares of the Wireless communications provider's stock valued at $123,000 after buying an additional 1,706 shares during the last quarter. Institutional investors own 6.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of America Movil from a "buy" rating to a "strong-buy" rating in a research report on Saturday, January 17th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of America Movil in a research note on Wednesday, January 21st. Bank of America initiated coverage on shares of America Movil in a research report on Thursday, December 11th. They set a "neutral" rating and a $26.00 target price 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 note on Wednesday. Finally, Zacks Research lowered shares of America Movil from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 10th. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, America Movil presently has a consensus rating of "Hold" and an average target price of $23.40.

America Movil Stock Down 2.8%

Shares of NYSE:AMX opened at $23.02 on Friday. The company has a 50 day moving average price of $22.41 and a two-hundred day moving average price of $21.80. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.68 and a current ratio of 0.74. The company has a market capitalization of $69.39 billion, a PE ratio of 16.09 and a beta of 0.72. America Movil, S.A.B. de C.V. Unsponsored ADR has a 52 week low of $13.10 and a 52 week high of $26.16.

America Movil (NYSE:AMX - Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. The Wireless communications provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.08). The firm had revenue of $13.59 billion during the quarter, compared to analyst estimates of $13.09 billion. America Movil had a net margin of 8.78% and a return on equity of 18.92%. Analysts forecast that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 earnings per share for the current year.

About America Movil

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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