111,896 Shares in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX Purchased by TrueMark Investments LLC

TrueMark Investments LLC purchased a new stake in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 111,896 shares of the Wireless communications provider’s stock, valued at approximately $2,350,000.

A number of other large investors have also added to or reduced their stakes in the company. Whittier Trust Co. boosted its position in shares of America Movil by 2.8% during the 2nd quarter. Whittier Trust Co. now owns 21,198 shares of the Wireless communications provider’s stock valued at $380,000 after acquiring an additional 582 shares during the last quarter. Profund Advisors LLC raised its stake in America Movil by 1.7% during the second quarter. Profund Advisors LLC now owns 39,561 shares of the Wireless communications provider’s stock valued at $710,000 after purchasing an additional 666 shares in the last quarter. MAI Capital Management lifted its position in America Movil by 2.4% during the second quarter. MAI Capital Management now owns 29,097 shares of the Wireless communications provider’s stock valued at $522,000 after purchasing an additional 680 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of America Movil by 2.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 27,687 shares of the Wireless communications provider’s stock worth $497,000 after buying an additional 786 shares in the last quarter. Finally, Brighton Jones LLC increased its holdings in shares of America Movil by 7.7% in the 2nd quarter. Brighton Jones LLC now owns 11,091 shares of the Wireless communications provider’s stock worth $199,000 after buying an additional 792 shares during the last quarter. Institutional investors own 6.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on AMX. Scotiabank increased their price target on shares of America Movil from $17.10 to $19.50 and gave the company a “sector perform” rating in a report on Thursday, October 16th. Zacks Research downgraded America Movil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 10th. JPMorgan Chase & Co. lifted their target price on America Movil from $21.00 to $23.50 and gave the stock a “neutral” rating in a report on Monday, October 20th. Wall Street Zen upgraded America Movil from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. Finally, Bank of America assumed coverage on shares of America Movil in a research note on Thursday, December 11th. They set a “neutral” rating and a $26.00 price objective for the company. 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $22.34.

America Movil Stock Up 0.0%

Shares of AMX opened at $20.76 on Friday. The firm has a fifty day moving average price of $21.32 and a 200-day moving average price of $20.61. 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 $62.58 billion, a P/E ratio of 16.87 and a beta of 0.78. America Movil, S.A.B. de C.V. Unsponsored ADR has a 12-month low of $13.10 and a 12-month high of $23.68.

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.