AIA Group Ltd Purchases 58,693 Shares of America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

AIA Group Ltd grew its position in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 21.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 329,286 shares of the Wireless communications provider’s stock after purchasing an additional 58,693 shares during the period. AIA Group Ltd’s holdings in America Movil were worth $6,915,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Mirabella Financial Services LLP purchased a new stake in shares of America Movil in the third quarter worth $2,870,000. CIBC Bancorp USA Inc. bought a new stake in America Movil during the third quarter valued at $201,000. First Affirmative Financial Network grew its position in America Movil by 10.2% during the third quarter. First Affirmative Financial Network now owns 13,336 shares of the Wireless communications provider’s stock worth $280,000 after buying an additional 1,232 shares in the last quarter. Morningstar Investment Management LLC bought a new position in America Movil in the 3rd quarter worth about $1,441,000. Finally, Public Employees Retirement System of Ohio increased its stake in America Movil by 798.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 40,967 shares of the Wireless communications provider’s stock worth $860,000 after acquiring an additional 36,407 shares during the last quarter. Institutional investors own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on America Movil from $23.50 to $24.50 and gave the company a “neutral” rating in a research report on Wednesday, March 11th. Santander cut shares of America Movil from an “outperform” rating to a “neutral” rating in a research report on Friday, December 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of America Movil in a research note on Wednesday, January 21st. Wall Street Zen raised shares of America Movil from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th. Finally, UBS Group reissued a “buy” rating and issued a $30.00 price target (up from $23.60) on shares of America Movil in a report on Tuesday, February 24th. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $23.40.

America Movil Trading Down 0.2%

AMX stock opened at $23.74 on Thursday. The company has a market capitalization of $71.56 billion, a PE ratio of 16.60 and a beta of 0.72. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.68 and a current ratio of 0.74. America Movil, S.A.B. de C.V. Unsponsored ADR has a one year low of $13.10 and a one year high of $26.16. The company’s 50 day moving average price is $22.65 and its two-hundred day moving average price is $21.91.

America Movil (NYSE:AMX) last announced its quarterly earnings data on Thursday, February 12th. The Wireless communications provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). America Movil had a net margin of 8.78% and a return on equity of 18.92%. The business had revenue of $13.59 billion during the quarter, compared to analysts’ expectations of $13.09 billion. As a group, analysts predict that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 earnings per share for the current fiscal 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.