Raiffeisen Bank International AG Grows Position in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Raiffeisen Bank International AG lifted its position in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 57.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 76,420 shares of the Wireless communications provider’s stock after purchasing an additional 28,000 shares during the period. Raiffeisen Bank International AG’s holdings in America Movil were worth $1,599,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in AMX. TrueMark Investments LLC purchased a new stake in America Movil in the 3rd quarter worth approximately $2,350,000. GAM Holding AG purchased a new position in shares of America Movil during the third quarter valued at approximately $1,619,000. Allworth Financial LP raised its holdings in shares of America Movil by 492.7% during the second quarter. Allworth Financial LP now owns 33,937 shares of the Wireless communications provider’s stock valued at $609,000 after acquiring an additional 28,211 shares in the last quarter. Bailard Inc. bought a new position in shares of America Movil during the third quarter valued at approximately $1,050,000. Finally, Boston Partners lifted its stake in America Movil by 6,421.7% in the second quarter. Boston Partners now owns 4,127,267 shares of the Wireless communications provider’s stock worth $74,043,000 after acquiring an additional 4,063,982 shares during the period. 6.30% of the stock is owned by hedge funds and other institutional investors.

America Movil Price Performance

Shares of AMX opened at $24.05 on Friday. The firm has a fifty day simple moving average of $21.35 and a two-hundred day simple moving average of $21.28. The firm has a market cap of $72.51 billion, a PE ratio of 16.82 and a beta of 0.76. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.01. America Movil, S.A.B. de C.V. Unsponsored ADR has a 1-year low of $13.10 and a 1-year high of $24.50.

America Movil (NYSE:AMX) last issued its quarterly earnings data on Thursday, February 12th. The Wireless communications provider reported $0.35 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.08). The firm had revenue of $13.59 billion during the quarter, compared to the consensus estimate of $13.09 billion. America Movil had a return on equity of 18.92% and a net margin of 8.78%. On average, equities analysts anticipate that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 EPS for the current year.

Analyst Upgrades and Downgrades

AMX has been the topic of a number of research analyst reports. Wall Street Zen raised shares of America Movil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. Zacks Research lowered shares of America Movil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of America Movil in a research report on Wednesday, January 21st. Santander lowered shares of America Movil from an “outperform” rating to a “neutral” rating in a report on Friday, December 12th. Finally, Bank of America started coverage on America Movil in a report on Thursday, December 11th. They set a “neutral” rating and a $26.00 target price on the stock. Two analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $22.34.

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.