72,940 Shares in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX Purchased by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. bought a new stake in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 72,940 shares of the Wireless communications provider’s stock, valued at approximately $1,508,000.

Other large investors also recently made changes to their positions in the company. Camelot Portfolios LLC acquired a new position in shares of America Movil in the 4th quarter valued at about $31,000. EverSource Wealth Advisors LLC increased its holdings in shares of America Movil by 142.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock valued at $38,000 after purchasing an additional 1,235 shares during the period. Beacon Financial Strategies CORP acquired a new position in shares of America Movil in the 4th quarter valued at about $43,000. Geneos Wealth Management Inc. acquired a new position in shares of America Movil in the 2nd quarter valued at about $54,000. Finally, National Bank of Canada FI increased its holdings in shares of America Movil by 71.0% in the 3rd quarter. National Bank of Canada FI now owns 4,301 shares of the Wireless communications provider’s stock valued at $91,000 after purchasing an additional 1,786 shares during the period. Institutional investors and hedge funds own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

AMX has been the topic of a number of research reports. UBS Group upped their target price on America Movil to $31.50 and gave the company a “buy” rating in a report on Thursday, April 23rd. Scotiabank dropped their target price on America Movil from $21.80 to $20.80 and set a “sector perform” rating on the stock in a report on Wednesday, May 27th. The Goldman Sachs Group initiated coverage on America Movil in a report on Monday, May 18th. They issued a “buy” rating and a $31.80 target price on the stock. New Street Research upgraded America Movil from a “neutral” rating to a “buy” rating in a report on Tuesday, April 7th. Finally, Wall Street Zen downgraded America Movil from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 18th. One equities research 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $27.02.

America Movil Trading Up 1.9%

Shares of NYSE AMX opened at $25.68 on Wednesday. The stock has a market cap of $77.31 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 0.91 and a beta of 0.66. The business has a 50 day simple moving average of $26.06 and a 200 day simple moving average of $23.59. America Movil, S.A.B. de C.V. Unsponsored ADR has a 52 week low of $16.60 and a 52 week high of $27.80. 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 announced its quarterly earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 EPS for the quarter. The business 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%. On average, research 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.

About America Movil

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.