ABC Arbitrage SA Purchases Shares of 100,147 America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

ABC Arbitrage SA acquired a new position in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 100,147 shares of the Wireless communications provider’s stock, valued at approximately $2,070,000.

A number of other hedge funds have also modified their holdings of the stock. Camelot Portfolios LLC purchased a new position in shares of America Movil in the fourth quarter worth approximately $31,000. EverSource Wealth Advisors LLC grew its position in America Movil by 142.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock worth $38,000 after purchasing an additional 1,235 shares in the last quarter. Beacon Financial Strategies CORP acquired a new stake in America Movil during the 4th quarter valued at $43,000. Geneos Wealth Management Inc. acquired a new stake in America Movil during the 2nd quarter valued at $54,000. Finally, Global Retirement Partners LLC lifted its holdings in shares of America Movil by 53.8% in the third quarter. Global Retirement Partners LLC now owns 3,883 shares of the Wireless communications provider’s stock valued at $82,000 after purchasing an additional 1,359 shares in the last quarter. 6.30% of the stock is currently owned by institutional investors and hedge funds.

America Movil Trading Up 0.8%

America Movil stock opened at $27.42 on Tuesday. The company’s fifty day simple moving average is $25.40 and its 200-day simple moving average is $23.22. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.97. America Movil, S.A.B. de C.V. Unsponsored ADR has a 12 month low of $16.60 and a 12 month high of $27.72. The stock has a market cap of $82.52 billion, a P/E ratio of 17.46, a P/E/G ratio of 0.97 and a beta of 0.69.

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

Analyst Ratings Changes

Several analysts have recently commented on the company. UBS Group raised their target price on America Movil to $31.50 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Scotiabank increased their price objective on America Movil from $19.50 to $21.80 and gave the stock a “sector perform” rating in a research note on Monday, March 30th. Wall Street Zen lowered America Movil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 18th. New Street Research raised America Movil from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 7th. Finally, JPMorgan Chase & Co. upped their target price on America Movil from $23.50 to $24.50 and gave the company a “neutral” rating in a report on Wednesday, March 11th. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.02.

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.