America Movil, S.A.B. de C.V. Unsponsored ADR $AMX Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its stake in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 3.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,475,816 shares of the Wireless communications provider’s stock after acquiring an additional 251,941 shares during the period. Robeco Institutional Asset Management B.V. owned 0.25% of America Movil worth $158,413,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Faithward Advisors LLC acquired a new position in America Movil in the 1st quarter worth about $1,898,000. Bank of America Corp DE raised its stake in shares of America Movil by 314.2% during the 1st quarter. Bank of America Corp DE now owns 2,272,406 shares of the Wireless communications provider’s stock worth $57,901,000 after purchasing an additional 1,723,717 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of America Movil by 95.5% during the 1st quarter. Cetera Investment Advisers now owns 140,574 shares of the Wireless communications provider’s stock valued at $3,582,000 after buying an additional 68,661 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of America Movil by 12.5% during the 1st quarter. First Trust Advisors LP now owns 2,099,260 shares of the Wireless communications provider’s stock valued at $53,489,000 after buying an additional 233,925 shares during the last quarter. Finally, Amundi lifted its holdings in shares of America Movil by 11.2% during the 1st quarter. Amundi now owns 2,381,539 shares of the Wireless communications provider’s stock valued at $60,682,000 after buying an additional 239,057 shares during the last quarter. 6.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on AMX. Wall Street Zen cut America Movil from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 20th. Santander raised shares of America Movil from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of America Movil in a research note on Thursday, August 13th. Finally, JPMorgan Chase & Co. raised shares of America Movil from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $30.00 to $32.00 in a research report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $29.52.

America Movil Price Performance

Shares of NYSE:AMX opened at $24.31 on Thursday. The stock has a market capitalization of $73.05 billion, a P/E ratio of 13.24, a P/E/G ratio of 1.17 and a beta of 0.59. The business has a 50-day moving average of $22.71 and a two-hundred day moving average of $24.84. America Movil, S.A.B. de C.V. Unsponsored ADR has a fifty-two week low of $19.70 and a fifty-two week high of $28.46. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.71 and a quick ratio of 0.66.

America Movil (NYSE:AMX) last released its quarterly earnings results on Tuesday, October 20th. The Wireless communications provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. America Movil had a return on equity of 21.07% and a net margin of 9.38%. The company had revenue of $14.53 billion during the quarter, compared to the consensus estimate of $13.49 billion. On average, equities research analysts predict that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.90 EPS for the current fiscal year.

More America Movil News

Here are the key news stories impacting America Movil this week:

• Positive Sentiment: Third-quarter net profit rose 7% year over year, supported by higher revenue and operating gains. Mexico’s America Movil reports third-quarter net profit up 7%
• Positive Sentiment: Adjusted earnings were $0.47 per ADR, exceeding the $0.46 analyst consensus and improving from $0.40 a year earlier. Revenue reached $14.53 billion, well above the $13.49 billion estimate. Amer Movil Tops Q3 Earnings and Revenue Estimates
• Positive Sentiment: The earnings beat and revenue outperformance helped drive a roughly 4.8% single-session gain, with trading volume above the stock’s recent average, indicating strong investor interest. America Movil Surges 4.8% in a Single Session

America Movil Profile

América Móvil, SAB. de C.V. is a Mexico-based telecommunications company that provides wireless and fixed-line communications services. Its offerings include mobile voice and data, broadband internet, landline telephone service, pay television, digital services, and enterprise telecommunications solutions. The company serves individual consumers, businesses, and government customers.

América Móvil operates across Latin America, the United States, and parts of Europe. Its principal brands include Telcel in Mexico and Claro in several Latin American markets.