Maseco LLP Acquires New Position in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Maseco LLP bought a new position in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,000 shares of the Wireless communications provider’s stock, valued at approximately $54,000.

Other large investors have also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. lifted its position in shares of America Movil by 41.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,376 shares of the Wireless communications provider’s stock worth $304,000 after buying an additional 6,263 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in America Movil by 38.4% in the first quarter. Sequoia Financial Advisors LLC now owns 14,978 shares of the Wireless communications provider’s stock valued at $213,000 after acquiring an additional 4,154 shares during the last quarter. Farther Finance Advisors LLC raised its stake in America Movil by 21.9% during the first quarter. Farther Finance Advisors LLC now owns 3,813 shares of the Wireless communications provider’s stock worth $55,000 after acquiring an additional 685 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of America Movil by 3,713.1% in the first quarter. GAMMA Investing LLC now owns 14,604 shares of the Wireless communications provider’s stock worth $208,000 after acquiring an additional 14,221 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of America Movil by 23.6% in the 1st quarter. Northern Trust Corp now owns 1,290,960 shares of the Wireless communications provider’s stock valued at $18,357,000 after purchasing an additional 246,357 shares in the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AMX shares. JPMorgan Chase & Co. upgraded shares of America Movil from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $15.00 to $21.00 in a research report on Friday, August 8th. Citigroup cut shares of America Movil from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $20.00 to $22.00 in a research note on Wednesday, September 10th. Wall Street Zen upgraded America Movil from a “hold” rating to a “buy” rating in a research note on Saturday, July 12th. Finally, UBS Group boosted their price objective on America Movil from $20.40 to $21.10 and gave the stock a “neutral” rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, America Movil presently has an average rating of “Moderate Buy” and a consensus target price of $18.77.

America Movil Stock Performance

NYSE AMX opened at $20.54 on Thursday. The company has a market capitalization of $62.03 billion, a price-to-earnings ratio of 21.85 and a beta of 0.86. The company has a quick ratio of 0.70, a current ratio of 0.75 and a debt-to-equity ratio of 1.02. America Movil, S.A.B. de C.V. Unsponsored ADR has a twelve month low of $13.10 and a twelve month high of $21.52. The stock has a fifty day simple moving average of $19.21 and a 200 day simple moving average of $17.32.

America Movil (NYSE:AMX) last released its quarterly earnings results on Tuesday, July 22nd. The Wireless communications provider reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.11). The company had revenue of $12.50 billion during the quarter, compared to the consensus estimate of $233.77 billion. America Movil had a net margin of 6.11% and a return on equity of 12.59%. Sell-side analysts expect that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 EPS for the current year.

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.