May Hill Capital LLC acquired a new stake in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 19,490 shares of the Wireless communications provider’s stock, valued at approximately $403,000.
Several other hedge funds also recently modified their holdings of the business. American Century Companies Inc. increased 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 purchasing an additional 1,082,493 shares during the last quarter. TrueMark Investments LLC bought a new position in shares of America Movil during the 3rd quarter valued at approximately $2,350,000. Citigroup Inc. grew its stake 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 acquiring an additional 61,234 shares during the period. Bailard Inc. bought a new position in shares of America Movil during the 3rd quarter valued at approximately $1,050,000. Finally, Nan Fung Trinity HK Ltd. grew its stake in shares of America Movil by 352.2% during the 3rd quarter. Nan Fung Trinity HK Ltd. now owns 1,433,900 shares of the Wireless communications provider’s stock valued at $30,112,000 after acquiring an additional 1,116,800 shares during the period. 6.30% of the stock is owned by institutional investors.
America Movil Trading Up 0.1%
AMX stock opened at $26.63 on Monday. America Movil, S.A.B. de C.V. Unsponsored ADR has a 1-year low of $16.60 and a 1-year high of $27.80. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.72 and a quick ratio of 0.67. The company has a market capitalization of $80.14 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 0.95 and a beta of 0.69. The business has a 50 day simple moving average of $25.53 and a two-hundred day simple moving average of $23.34.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on AMX. Weiss Ratings downgraded America Movil from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. New Street Research upgraded America Movil from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 7th. UBS Group boosted their price objective on America Movil to $31.50 and gave the company a “buy” rating in a research note on Thursday, April 23rd. The Goldman Sachs Group began coverage on America Movil in a research note on Monday. They set a “buy” rating and a $31.80 price objective for the company. Finally, Scotiabank boosted their price objective on America Movil from $19.50 to $21.80 and gave the company a “sector perform” rating in a research note on Monday, March 30th. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $27.18.
Get Our Latest Research Report on America Movil
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.
See Also
- Five stocks we like better than America Movil
- Robinhood, SoFi, and Webull Are Telling Very Different Stories
- As Broadcom Eclipses $2 Trillion, Private Credit Giants Wants In
- Target the Red-Hot Spin-Off and Merger Space With These ETFs
- Samsung Joins the $1 Trillion Club as AI Memory Demand Explodes
Receive News & Ratings for America Movil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for America Movil and related companies with MarketBeat.com's FREE daily email newsletter.
