Thrivent Financial for Lutherans Purchases 47,399 Shares of America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Thrivent Financial for Lutherans lifted its position in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 84.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 103,236 shares of the Wireless communications provider’s stock after buying an additional 47,399 shares during the quarter. Thrivent Financial for Lutherans’ holdings in America Movil were worth $2,134,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in AMX. Brighton Jones LLC bought a new stake in shares of America Movil in the 4th quarter valued at approximately $154,000. Royal Bank of Canada grew its stake in shares of America Movil by 16.9% in the 1st quarter. Royal Bank of Canada now owns 375,504 shares of the Wireless communications provider’s stock valued at $5,339,000 after buying an additional 54,152 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of America Movil by 2,189.8% in the 1st quarter. Jones Financial Companies Lllp now owns 23,241 shares of the Wireless communications provider’s stock valued at $330,000 after buying an additional 22,226 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of America Movil by 15.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 778,584 shares of the Wireless communications provider’s stock valued at $11,071,000 after buying an additional 102,545 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in shares of America Movil by 9.5% in the 1st quarter. Jane Street Group LLC now owns 50,584 shares of the Wireless communications provider’s stock valued at $719,000 after buying an additional 4,373 shares in the last quarter. Institutional investors own 6.30% of the company’s stock.

America Movil Stock Up 0.3%

Shares of America Movil stock opened at $26.22 on Tuesday. The stock has a market capitalization of $78.91 billion, a P/E ratio of 16.70, a PEG ratio of 0.95 and a beta of 0.69. 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 stock has a 50 day moving average price of $25.85 and a two-hundred day moving average price of $23.50. America Movil, S.A.B. de C.V. Unsponsored ADR has a 12-month low of $16.60 and a 12-month high of $27.80.

America Movil (NYSE:AMX) last announced its 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 return on equity of 19.77% and a net margin of 9.23%. Equities analysts expect that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.82 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AMX shares. New Street Research raised America Movil from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 7th. JPMorgan Chase & Co. upped their target price on America Movil from $24.50 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. The Goldman Sachs Group started coverage on America Movil in a research report on Monday, May 18th. They set a “buy” rating and a $31.80 target price for the company. Weiss Ratings raised America Movil from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Finally, UBS Group upped their target price on America Movil to $31.50 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $27.18.

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.