Faithward Advisors LLC Purchases Shares of 74,480 America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Faithward Advisors LLC purchased a new stake in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 74,480 shares of the Wireless communications provider’s stock, valued at approximately $1,898,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. increased its position in America Movil by 93.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 8,376,918 shares of the Wireless communications provider’s stock valued at $173,151,000 after acquiring an additional 4,053,838 shares during the period. Lazard Asset Management LLC grew its stake in shares of America Movil by 8.8% in the third quarter. Lazard Asset Management LLC now owns 17,703,513 shares of the Wireless communications provider’s stock worth $371,774,000 after purchasing an additional 1,430,626 shares in the last quarter. American Century Companies Inc. grew its stake in shares of America Movil by 79.4% in the third quarter. American Century Companies Inc. now owns 2,445,349 shares of the Wireless communications provider’s stock worth $51,352,000 after purchasing an additional 1,082,493 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of America Movil during the second quarter valued at $11,252,000. Finally, Marshall Wace LLP acquired a new position in shares of America Movil during the fourth quarter valued at $9,749,000. 6.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

AMX has been the subject of several research analyst reports. Scotiabank reduced their price objective on shares of America Movil from $21.80 to $20.80 and set a “sector perform” rating for the company in a report on Wednesday, May 27th. Weiss Ratings upgraded shares of America Movil from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. The Goldman Sachs Group began 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. Wall Street Zen cut shares of America Movil from a “strong-buy” rating to a “buy” rating in a report on Sunday. Finally, New Street Research reiterated a “buy” rating and set a $35.00 price objective on shares of America Movil in a research note on Wednesday, June 17th. One 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 company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $28.16.

America Movil Trading Down 0.9%

Shares of AMX stock opened at $25.84 on Wednesday. The stock has a 50-day simple moving average of $26.31 and a 200 day simple moving average of $23.94. The stock has a market capitalization of $77.78 billion, a P/E ratio of 16.46, a P/E/G ratio of 0.83 and a beta of 0.66. America Movil, S.A.B. de C.V. Unsponsored ADR has a fifty-two week low of $16.92 and a fifty-two week high of $28.46. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.97.

America Movil (NYSE:AMX) last released its 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 for the quarter. America Movil had a net margin of 9.23% and a return on equity of 19.77%. On average, sell-side analysts expect that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.91 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.