Public Employees Retirement System of Ohio Takes Position in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Public Employees Retirement System of Ohio bought a new position in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) during the second quarter, Holdings Channel.com reports. The fund bought 27,211 shares of the Wireless communications provider’s stock, valued at approximately $707,000.

Other large investors have also added to or reduced their stakes in the company. Atlas Capital Advisors Inc. acquired a new stake in America Movil during the 4th quarter valued at $37,000. EverSource Wealth Advisors LLC lifted its stake in shares of America Movil by 142.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock worth $38,000 after buying an additional 1,235 shares during the last quarter. Trust Co. of Vermont acquired a new stake in shares of America Movil during the 2nd quarter worth about $39,000. Arax Advisory Partners boosted its holdings in shares of America Movil by 34.0% during the 4th quarter. Arax Advisory Partners now owns 2,412 shares of the Wireless communications provider’s stock worth $50,000 after buying an additional 612 shares during the period. Finally, Geneos Wealth Management Inc. bought a new stake in shares of America Movil during the 2nd quarter worth about $54,000. Institutional investors own 6.30% of the company’s stock.

America Movil Stock Performance

Shares of AMX stock opened at $23.10 on Thursday. The stock has a market capitalization of $69.41 billion, a PE ratio of 13.91, a PEG ratio of 1.17 and a beta of 0.62. The business’s 50 day simple moving average is $24.57 and its 200 day simple moving average is $25.30. The company has a debt-to-equity ratio of 0.90, 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 one year low of $19.70 and a one year high of $28.46.

America Movil (NYSE:AMX) last released its quarterly earnings results on Wednesday, July 1st. The Wireless communications provider reported $0.46 earnings per share (EPS) for the quarter. The firm had revenue of $13.78 billion during the quarter. America Movil had a net margin of 9.38% and a return on equity of 20.33%. As a group, research analysts forecast that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.9 earnings per share for the current year.

America Movil Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th were given a $0.3078 dividend. The ex-dividend date of this dividend was Tuesday, July 14th. America Movil’s dividend payout ratio (DPR) is 35.54%.

Analyst Ratings Changes

AMX has been the topic of several research reports. Santander raised America Movil from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 13th. Wall Street Zen cut shares of America Movil from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 20th. JPMorgan Chase & Co. upgraded America Movil from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $30.00 to $32.00 in a research report on Tuesday, August 18th. Scotiabank cut their target price on shares of America Movil from $21.80 to $20.80 and set a “sector perform” rating on the stock in a research report on Wednesday, May 27th. Finally, New Street Research reissued a “buy” rating and set a $35.00 price target on shares of America Movil in a research note on Wednesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $29.52.

About America Movil

América Móvil, SAB. de C.V. is a telecommunications company headquartered in Mexico City. It provides wireless and fixed-line voice services, mobile and fixed broadband, pay television, data transmission, information technology, and other digital communications services to consumers, businesses, and government customers.

The company operates primarily through the Telcel brand in Mexico and the Claro brand across much of Latin America and the Caribbean. Its operations also include services in the United States through TracFone Wireless and telecommunications businesses in Europe through its participation in Telekom Austria Group.