America Movil, S.A.B. de C.V. Unsponsored ADR $AMX Shares Acquired by Capital Wealth Planning LLC

Capital Wealth Planning LLC increased its stake in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 55.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 334,948 shares of the Wireless communications provider’s stock after buying an additional 120,120 shares during the period. Capital Wealth Planning LLC’s holdings in America Movil were worth $6,923,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMX. Camelot Portfolios LLC bought a new stake in shares of America Movil in the fourth quarter worth $31,000. EverSource Wealth Advisors LLC increased its stake in shares of America Movil by 142.3% in the second quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock worth $38,000 after buying an additional 1,235 shares during the last quarter. Beacon Financial Strategies CORP bought a new stake in shares of America Movil in the fourth quarter worth $43,000. Geneos Wealth Management Inc. bought a new stake in shares of America Movil in the second quarter worth $54,000. Finally, National Bank of Canada FI increased its stake in shares of America Movil by 71.0% in the third quarter. National Bank of Canada FI now owns 4,301 shares of the Wireless communications provider’s stock worth $91,000 after buying an additional 1,786 shares during the last quarter. Institutional investors own 6.30% of the company’s stock.

America Movil Stock Up 0.6%

AMX stock opened at $25.41 on Thursday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.72 and a quick ratio of 0.67. America Movil, S.A.B. de C.V. Unsponsored ADR has a 1-year low of $16.88 and a 1-year high of $27.80. The firm has a fifty day moving average price of $26.18 and a two-hundred day moving average price of $23.69. The firm has a market cap of $76.49 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 0.81 and a beta of 0.66.

America Movil (NYSE:AMX) last released its earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 earnings per share for the quarter. America Movil had a net margin of 9.23% and a return on equity of 19.77%. The firm had revenue of $13.24 billion during the quarter. Research analysts predict that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.91 EPS for the current year.

Analysts Set New Price Targets

AMX has been the subject of a number of research analyst reports. 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. The Goldman Sachs Group initiated coverage on shares of America Movil in a research note on Monday, May 18th. They issued a “buy” rating and a $31.80 price target for the company. New Street Research upgraded shares of America Movil from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 7th. Scotiabank dropped their price target on shares of America Movil from $21.80 to $20.80 and set a “sector perform” rating for the company in a research note on Wednesday, May 27th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $27.02.

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.