R Squared Ltd Purchases New Position in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

R Squared Ltd purchased a new stake in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 34,587 shares of the Wireless communications provider’s stock, valued at approximately $733,000.

A number of other large investors also recently bought and sold shares of AMX. CENTRAL TRUST Co grew its stake in shares of America Movil by 203.4% during the 3rd quarter. CENTRAL TRUST Co now owns 7,546 shares of the Wireless communications provider’s stock worth $160,000 after purchasing an additional 5,059 shares during the period. Point Nemo Capital LLC purchased a new stake in America Movil during the third quarter worth $1,314,000. Ashton Thomas Private Wealth LLC purchased a new stake in America Movil during the third quarter worth $307,000. CenterBook Partners LP acquired a new stake in America Movil during the third quarter valued at $1,091,000. Finally, Kestra Advisory Services LLC acquired a new stake in America Movil during the third quarter valued at $418,000. 6.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. upgraded America Movil from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $30.00 to $32.00 in a research note on Tuesday, August 18th. Zacks Research upgraded America Movil from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 22nd. Wall Street Zen lowered America Movil from a “buy” rating to a “hold” rating in a report on Saturday, October 24th. Santander upgraded America Movil from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of America Movil in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, America Movil currently has a consensus rating of “Moderate Buy” and an average target price of $29.43.

America Movil Stock Down 1.1%

Shares of NYSE AMX opened at $25.52 on Friday. The company’s 50-day simple moving average is $23.19 and its 200-day simple moving average is $24.56. America Movil, S.A.B. de C.V. Unsponsored ADR has a 52-week low of $19.70 and a 52-week high of $28.46. The firm has a market cap of $76.19 billion, a price-to-earnings ratio of 14.91, a price-to-earnings-growth ratio of 1.37 and a beta of 0.58. 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 Announces Dividend

The business also recently declared a special dividend, which will be paid on Wednesday, November 18th. Investors of record on Tuesday, November 10th will be paid a $0.2886 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. America Movil’s dividend payout ratio (DPR) is currently 34.68%.

America Movil Profile

América Móvil is a telecommunications company headquartered in Mexico City. Established in 2000, it grew from the wireless operations of Telmex and has expanded across the Americas and Europe. The company provides mobile and fixed-line voice services, broadband internet, pay television and data services to residential, business and government customers. It also offers enterprise connectivity and related technology services. América Móvil operates under brands that include Telcel in Mexico, Claro in many Latin American markets and A1 in parts of Europe.