Raiffeisen Bank International AG Buys 37,700 Shares of America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Raiffeisen Bank International AG increased its position in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 32.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 155,320 shares of the Wireless communications provider’s stock after acquiring an additional 37,700 shares during the quarter. Raiffeisen Bank International AG’s holdings in America Movil were worth $4,155,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AMX. Brighton Jones LLC bought a new stake in America Movil in the fourth quarter valued at approximately $154,000. Royal Bank of Canada boosted its position in shares of America Movil by 16.9% during the first quarter. Royal Bank of Canada now owns 375,504 shares of the Wireless communications provider’s stock worth $5,339,000 after purchasing an additional 54,152 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of America Movil by 2,189.8% in the 1st quarter. Jones Financial Companies Lllp now owns 23,241 shares of the Wireless communications provider’s stock valued at $330,000 after buying an additional 22,226 shares during the period. Goldman Sachs Group Inc. increased its position in shares of America Movil by 15.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 778,584 shares of the Wireless communications provider’s stock valued at $11,071,000 after buying an additional 102,545 shares in the last quarter. Finally, Jane Street Group LLC increased its position in shares of America Movil by 9.5% in the 1st quarter. Jane Street Group LLC now owns 50,584 shares of the Wireless communications provider’s stock valued at $719,000 after buying an additional 4,373 shares in the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

America Movil Trading Down 0.7%

Shares of NYSE:AMX opened at $23.02 on Friday. The firm has a market cap of $69.18 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 1.18 and a beta of 0.62. America Movil, S.A.B. de C.V. Unsponsored ADR has a 12 month low of $19.41 and a 12 month high of $28.46. The company’s fifty day simple moving average is $24.75 and its 200 day simple moving average is $25.31. The company has a quick ratio of 0.66, a current ratio of 0.71 and a debt-to-equity ratio of 0.90.

America Movil (NYSE:AMX) last announced its earnings results on Wednesday, July 1st. The Wireless communications provider reported $0.46 earnings per share 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 EPS for the current fiscal year.

America Movil Announces Dividend

The company also recently declared a special dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th were issued a $0.3078 dividend. The ex-dividend date was Tuesday, July 14th. America Movil’s payout ratio is 35.54%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Wall Street Zen downgraded America Movil from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 20th. JPMorgan Chase & Co. upgraded America Movil from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $30.00 to $32.00 in a report on Tuesday, August 18th. Scotiabank dropped their price target on 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. Santander upgraded America Movil from a “neutral” rating to an “outperform” rating in a report on Thursday, August 13th. Finally, The Goldman Sachs Group started coverage on America Movil in a research report on Monday, May 18th. They issued a “buy” rating and a $31.80 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, America Movil currently has a consensus rating of “Moderate Buy” and an average target price of $28.44.

America Movil 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.