BNP Paribas Financial Markets Buys 261,453 Shares of America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

BNP Paribas Financial Markets raised its stake in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 495.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 314,197 shares of the Wireless communications provider’s stock after purchasing an additional 261,453 shares during the quarter. BNP Paribas Financial Markets’ holdings in America Movil were worth $6,494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of AMX. Brighton Jones LLC bought a new stake in America Movil during the fourth quarter valued at approximately $154,000. Royal Bank of Canada lifted its position in America Movil by 16.9% during the first quarter. Royal Bank of Canada now owns 375,504 shares of the Wireless communications provider’s stock valued at $5,339,000 after purchasing an additional 54,152 shares during the last quarter. Jones Financial Companies Lllp lifted its position in America Movil by 2,189.8% during the first quarter. Jones Financial Companies Lllp now owns 23,241 shares of the Wireless communications provider’s stock valued at $330,000 after purchasing an additional 22,226 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in America Movil by 15.2% during the first quarter. Goldman Sachs Group Inc. now owns 778,584 shares of the Wireless communications provider’s stock valued at $11,071,000 after purchasing an additional 102,545 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in America Movil by 9.5% during the first quarter. Jane Street Group LLC now owns 50,584 shares of the Wireless communications provider’s stock valued at $719,000 after purchasing an additional 4,373 shares during the last quarter. 6.30% of the stock is currently owned by institutional investors.

America Movil Trading Up 1.7%

AMX stock opened at $25.29 on Wednesday. The company has a market capitalization of $76.13 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 0.89 and a beta of 0.66. America Movil, S.A.B. de C.V. Unsponsored ADR has a one year low of $16.87 and a one year high of $27.80. The company’s 50 day moving average price is $26.16 and its two-hundred day moving average price is $23.67. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.67 and a current ratio of 0.72.

America Movil (NYSE:AMX) last posted its quarterly earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 EPS for the quarter. The firm had revenue of $13.24 billion for the quarter. America Movil had a net margin of 9.23% and a return on equity of 19.77%. As a group, analysts predict that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMX has been the subject of several research analyst reports. Wall Street Zen lowered shares of America Movil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 18th. Scotiabank decreased their price target on shares of America Movil from $21.80 to $20.80 and set a “sector perform” rating on the stock in a research note on Wednesday, May 27th. JPMorgan Chase & Co. lifted their price target on shares of America Movil from $24.50 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. UBS Group lifted their price target on shares of America Movil to $31.50 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Finally, The Goldman Sachs Group assumed coverage on shares of America Movil in a research note on Monday, May 18th. They set a “buy” rating and a $31.80 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $27.02.

America Movil 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.