21,908 Shares in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX Bought by Verity Asset Management Inc.

Verity Asset Management Inc. bought a new stake in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 21,908 shares of the Wireless communications provider’s stock, valued at approximately $453,000.

A number of other institutional investors and hedge funds also recently modified their holdings of AMX. ABS Direct Equity Fund LLC grew its holdings in shares of America Movil by 1,549.4% during the fourth quarter. ABS Direct Equity Fund LLC now owns 273,800 shares of the Wireless communications provider’s stock valued at $5,659,000 after purchasing an additional 257,200 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its holdings in America Movil by 13.6% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 13,306 shares of the Wireless communications provider’s stock worth $275,000 after purchasing an additional 1,589 shares in the last quarter. Camelot Portfolios LLC bought a new position in America Movil during the fourth quarter valued at about $31,000. Sanctuary Advisors LLC grew its holdings in shares of America Movil by 4.8% in the 4th quarter. Sanctuary Advisors LLC now owns 58,358 shares of the Wireless communications provider’s stock worth $1,206,000 after acquiring an additional 2,680 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its position in America Movil by 10.6% during the 4th quarter. Teacher Retirement System of Texas now owns 1,660,300 shares of the Wireless communications provider’s stock worth $34,318,000 after purchasing an additional 159,600 shares in the last quarter. 6.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on AMX shares. Weiss Ratings restated a “hold (c)” rating on shares of America Movil in a report on Monday, April 20th. Scotiabank increased their target price on shares of America Movil from $19.50 to $21.80 and gave the stock a “sector perform” rating in a research report on Monday, March 30th. New Street Research upgraded shares of America Movil from a “neutral” rating to a “buy” rating in a report on Tuesday, April 7th. Wall Street Zen downgraded shares of America Movil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 18th. Finally, JPMorgan Chase & Co. lifted their price objective on America Movil from $23.50 to $24.50 and gave the company a “neutral” rating in a research report on Wednesday, March 11th. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $25.02.

America Movil Trading Up 1.8%

Shares of AMX opened at $26.61 on Friday. The stock’s 50-day moving average price is $25.16 and its 200 day moving average price is $23.02. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $80.22 billion, a price-to-earnings ratio of 16.95, a P/E/G ratio of 0.93 and a beta of 0.71. America Movil, S.A.B. de C.V. Unsponsored ADR has a 12-month low of $16.60 and a 12-month high of $27.70.

America Movil (NYSE:AMX) last posted its quarterly earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $13.24 billion during the quarter. America Movil had a net margin of 9.23% and a return on equity of 19.77%. As a group, research analysts predict that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.85 earnings per share for the current year.

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.