Klein Pavlis & Peasley Financial Inc. Makes New Investment in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Klein Pavlis & Peasley Financial Inc. bought a new stake in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 25,361 shares of the Wireless communications provider’s stock, valued at approximately $533,000.

Several other hedge funds have also made changes to their positions in the business. SG Americas Securities LLC purchased a new position in shares of America Movil during the third quarter worth about $274,000. Robeco Institutional Asset Management B.V. lifted its position in America Movil by 359.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,323,080 shares of the Wireless communications provider’s stock worth $90,785,000 after acquiring an additional 3,382,107 shares during the period. Kercheville Advisors LLC purchased a new position in shares of America Movil in the 3rd quarter valued at approximately $210,000. Global Retirement Partners LLC increased its holdings in shares of America Movil by 53.8% in the third quarter. Global Retirement Partners LLC now owns 3,883 shares of the Wireless communications provider’s stock valued at $82,000 after purchasing an additional 1,359 shares during the period. Finally, GAM Holding AG acquired a new position in shares of America Movil in the third quarter valued at approximately $1,619,000. Institutional investors and hedge funds own 6.30% of the company’s stock.

America Movil Trading Up 2.9%

Shares of AMX opened at $20.46 on Friday. America Movil, S.A.B. de C.V. Unsponsored ADR has a twelve month low of $13.10 and a twelve month high of $23.68. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $61.69 billion, a P/E ratio of 16.63 and a beta of 0.78. The firm’s 50-day moving average is $21.58 and its two-hundred day moving average is $20.52.

America Movil (NYSE:AMX) last posted its quarterly earnings results on Wednesday, October 15th. The Wireless communications provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The company had revenue of $12.71 billion during the quarter, compared to the consensus estimate of $235.15 billion. America Movil had a net margin of 7.87% and a return on equity of 16.59%. On average, research 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.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AMX. Zacks Research downgraded America Movil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 10th. Santander cut shares of America Movil from an “outperform” rating to a “neutral” rating in a research note on Friday, December 12th. JPMorgan Chase & Co. boosted their price target on shares of America Movil from $21.00 to $23.50 and gave the stock a “neutral” rating in a research note on Monday, October 20th. Wall Street Zen upgraded shares of America Movil from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, UBS Group boosted their target price on America Movil from $21.10 to $23.60 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $22.34.

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.