Teacher Retirement System of Texas Acquires 159,600 Shares of America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Key Points

• Teacher Retirement System of Texas increased its stake in America Movil by 10.6% in Q4, buying 159,600 shares to hold 1,660,300 shares valued at about $34.32 million (roughly 0.06% ownership).
• Other institutional activity: American Century Companies boosted its position by 79.4% (adding 1,082,493 shares) and overall institutional investors own about 6.30% of America Movil.
• America Movil recently reported EPS of $0.44 (missed by $0.02) but revenue beat at $13.21B; the stock trades near $26, has a market cap of $78.6B and a P/E of 16.6, and carries a MarketBeat consensus rating of Hold with a $25.02 price target.

Teacher Retirement System of Texas grew its holdings in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Free Report) by 10.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,660,300 shares of the Wireless communications provider's stock after acquiring an additional 159,600 shares during the quarter. Teacher Retirement System of Texas owned about 0.06% of America Movil worth $34,318,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. American Century Companies Inc. boosted its position in shares of America Movil by 79.4% during the 3rd quarter. American Century Companies Inc. now owns 2,445,349 shares of the Wireless communications provider's stock valued at $51,352,000 after acquiring an additional 1,082,493 shares during the last quarter. TrueMark Investments LLC purchased a new position in shares of America Movil during the 3rd quarter valued at about $2,350,000. Citigroup Inc. raised its holdings in shares of America Movil by 21.3% during the 3rd quarter. Citigroup Inc. now owns 348,781 shares of the Wireless communications provider's stock valued at $7,324,000 after buying an additional 61,234 shares in the last quarter. GAM Holding AG purchased a new position in shares of America Movil during the 3rd quarter valued at about $1,619,000. Finally, Bailard Inc. purchased a new position in shares of America Movil during the 3rd quarter valued at about $1,050,000. Institutional investors own 6.30% of the company's stock.

America Movil Price Performance

AMX opened at $26.06 on Friday. The stock's 50 day simple moving average is $24.93 and its 200 day simple moving average is $22.84. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.74 and a quick ratio of 0.68. America Movil, S.A.B. de C.V. Unsponsored ADR has a 1 year low of $16.29 and a 1 year high of $27.70. The firm has a market cap of $78.56 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 0.93 and a beta of 0.71.

America Movil (NYSE:AMX - Get Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The Wireless communications provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.02). America Movil had a return on equity of 20.43% and a net margin of 9.23%.The company had revenue of $13.21 billion for the quarter, compared to the consensus estimate of $12.76 billion. As a group, analysts predict that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. New Street Research raised America Movil from a "neutral" rating to a "buy" rating in a report on Tuesday, April 7th. UBS Group raised their price objective on America Movil to $31.50 and gave the company a "buy" rating in a report on Thursday. Weiss Ratings reissued a "hold (c)" rating on shares of America Movil in a report on Monday. Wall Street Zen cut America Movil from a "strong-buy" rating to a "buy" rating in a report on Saturday, April 18th. Finally, JPMorgan Chase & Co. raised their price objective on America Movil from $23.50 to $24.50 and gave the company a "neutral" rating in a report on Wednesday, March 11th. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $25.02.

America Movil Company Profile

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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