Opal Capital LLC bought a new position in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX – Free Report) during the fourth quarter, Holdings Channel.com reports. The fund bought 128,624 shares of the Wireless communications provider’s stock, valued at approximately $2,659,000.
A number of other institutional investors and hedge funds have also bought and sold shares of AMX. Brighton Jones LLC bought a new position in America Movil during the fourth quarter worth $154,000. Royal Bank of Canada increased its position in 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 acquiring an additional 54,152 shares during the period. Jones Financial Companies Lllp increased its position in America Movil by 2,189.8% during the first quarter. Jones Financial Companies Lllp now owns 23,241 shares of the Wireless communications provider’s stock worth $330,000 after acquiring an additional 22,226 shares during the period. Goldman Sachs Group Inc. increased its position in America Movil by 15.2% during the first quarter. Goldman Sachs Group Inc. now owns 778,584 shares of the Wireless communications provider’s stock worth $11,071,000 after acquiring an additional 102,545 shares during the period. Finally, Jane Street Group LLC increased its position in America Movil by 9.5% during the first quarter. Jane Street Group LLC now owns 50,584 shares of the Wireless communications provider’s stock worth $719,000 after acquiring an additional 4,373 shares during the period. Institutional investors own 6.30% of the company’s stock.
America Movil Trading Down 1.4%
Shares of America Movil stock opened at $26.80 on Wednesday. The firm has a market capitalization of $80.66 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 0.87 and a beta of 0.66. 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’s fifty day moving average price is $26.32 and its two-hundred day moving average price is $23.81. America Movil, S.A.B. de C.V. Unsponsored ADR has a 52-week low of $16.88 and a 52-week high of $28.46.
Analyst Ratings Changes
A number of equities analysts recently issued reports on AMX shares. New Street Research raised shares of America Movil from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 7th. Weiss Ratings raised shares of America Movil from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. UBS Group boosted their price target on shares of America Movil to $31.50 and gave the company a “buy” rating in a report on Thursday, April 23rd. Scotiabank lowered their price target on shares of America Movil from $21.80 to $20.80 and set a “sector perform” rating on the stock in a report on Wednesday, May 27th. Finally, The Goldman Sachs Group initiated coverage on shares of America Movil in a report on Monday, May 18th. They issued a “buy” rating and a $31.80 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $27.02.
View Our Latest 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.
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