Teacher Retirement System of Texas Buys 159,600 Shares of America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Teacher Retirement System of Texas grew its holdings in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 10.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,660,300 shares of the Wireless communications provider’s stock after buying an additional 159,600 shares during the quarter. Teacher Retirement System of Texas’ holdings in America Movil were worth $34,318,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AMX. Robeco Institutional Asset Management B.V. lifted its holdings 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 worth $173,151,000 after buying an additional 4,053,838 shares during the period. Lazard Asset Management LLC lifted its holdings in America Movil by 8.8% in the 3rd quarter. Lazard Asset Management LLC now owns 17,703,513 shares of the Wireless communications provider’s stock worth $371,774,000 after buying an additional 1,430,626 shares during the period. Nan Fung Trinity HK Ltd. lifted its holdings in America Movil by 352.2% in the 3rd quarter. Nan Fung Trinity HK Ltd. now owns 1,433,900 shares of the Wireless communications provider’s stock worth $30,112,000 after buying an additional 1,116,800 shares during the period. American Century Companies Inc. lifted its holdings in America Movil by 79.4% in the 3rd quarter. American Century Companies Inc. now owns 2,445,349 shares of the Wireless communications provider’s stock worth $51,352,000 after buying an additional 1,082,493 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in America Movil in the 2nd quarter worth approximately $11,252,000. Hedge funds and other institutional investors own 6.30% of the company’s stock.

America Movil Stock Performance

America Movil stock opened at $26.06 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $78.56 billion, a P/E ratio of 16.60, a PEG ratio of 0.93 and a beta of 0.71. The stock’s 50 day moving average is $24.93 and its 200 day moving average is $22.84. America Movil, S.A.B. de C.V. Unsponsored ADR has a twelve month low of $16.29 and a twelve month high of $27.70.

America Movil (NYSE:AMX) last posted its quarterly earnings results on Tuesday, April 21st. The Wireless communications provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.02). The company had revenue of $13.21 billion during the quarter, compared to analysts’ expectations of $12.76 billion. America Movil had a return on equity of 20.43% and a net margin of 9.23%. On average, equities research analysts predict that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMX has been the subject of several research analyst reports. New Street Research upgraded America Movil from a “neutral” rating to a “buy” rating in a report on Tuesday, April 7th. JPMorgan Chase & Co. increased their price objective on America Movil from $23.50 to $24.50 and gave the stock a “neutral” rating in a report on Wednesday, March 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of America Movil in a report on Monday. Wall Street Zen cut America Movil from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 18th. Finally, UBS Group increased their price objective on America Movil to $31.50 and gave the stock a “buy” rating in a report on Thursday. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $25.02.

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.