Raiffeisen Bank International AG Boosts Stock Holdings in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Raiffeisen Bank International AG lifted its holdings in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 31.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 48,420 shares of the Wireless communications provider’s stock after purchasing an additional 11,600 shares during the period. Raiffeisen Bank International AG’s holdings in America Movil were worth $839,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Hilltop National Bank purchased a new stake in America Movil during the second quarter worth $27,000. Advantage Trust Co bought a new position in shares of America Movil in the 2nd quarter worth $30,000. Maseco LLP bought a new position in shares of America Movil in the 2nd quarter worth $54,000. Public Employees Retirement System of Ohio purchased a new stake in shares of America Movil during the 2nd quarter worth $82,000. Finally, Farther Finance Advisors LLC boosted its position in America Movil by 34.9% during the second quarter. Farther Finance Advisors LLC now owns 5,145 shares of the Wireless communications provider’s stock valued at $92,000 after purchasing an additional 1,332 shares in the last quarter. 6.30% of the stock is owned by hedge funds and other institutional investors.

America Movil Stock Performance

Shares of AMX opened at $23.42 on Wednesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.76 and a current ratio of 0.81. The stock has a 50-day moving average of $21.78 and a two-hundred day moving average of $19.33. The stock has a market cap of $70.61 billion, a P/E ratio of 19.04 and a beta of 0.88. America Movil, S.A.B. de C.V. Unsponsored ADR has a one year low of $13.10 and a one year high of $23.67.

America Movil (NYSE:AMX) last announced its quarterly earnings data on Wednesday, October 15th. The Wireless communications provider reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. America Movil had a return on equity of 16.59% and a net margin of 7.87%.The business had revenue of $12.71 billion for the quarter, compared to analyst estimates of $235.15 billion. As a group, research analysts predict that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 EPS for the current year.

America Movil Announces Dividend

The firm also recently declared a special dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, November 7th were given a dividend of $0.2811 per share. The ex-dividend date of this dividend was Friday, November 7th. America Movil’s dividend payout ratio (DPR) is currently 44.72%.

Analysts Set New Price Targets

AMX has been the subject of several analyst reports. UBS Group increased their price target on shares of America Movil from $21.10 to $23.60 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Zacks Research upgraded shares of America Movil from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Scotiabank increased their target price on shares of America Movil from $17.10 to $19.50 and gave the company a “sector perform” rating in a research report on Thursday, October 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of America Movil in a report on Wednesday, October 8th. Finally, Citigroup downgraded America Movil from a “buy” rating to a “neutral” rating and upped their price target for the stock from $20.00 to $22.00 in a research report on Wednesday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.73.

America Movil Profile

América Móvil, SAB. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It provides data services, such as data centers, data administration, and hosting services to residential and corporate clients; value-added services, including Internet access, messaging and other wireless entertainment, and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and wireless security services, mobile payment solutions, machine-to-machine services, mobile banking, virtual private network services, and video calls and personal communications services.