May Hill Capital LLC Takes Position in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

May Hill Capital LLC bought a new stake in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) in the fourth quarter, Holdings Channel reports. The institutional investor bought 19,490 shares of the Wireless communications provider’s stock, valued at approximately $403,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of America Movil by 343.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 343,428 shares of the Wireless communications provider’s stock valued at $7,099,000 after acquiring an additional 265,970 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in shares of America Movil by 84.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 103,236 shares of the Wireless communications provider’s stock valued at $2,134,000 after acquiring an additional 47,399 shares during the last quarter. ABC Arbitrage SA bought a new position in shares of America Movil during the 4th quarter valued at approximately $2,070,000. NewEdge Wealth LLC boosted its position in shares of America Movil by 18.4% during the 4th quarter. NewEdge Wealth LLC now owns 12,936 shares of the Wireless communications provider’s stock valued at $267,000 after acquiring an additional 2,007 shares during the last quarter. Finally, Ethic Inc. bought a new position in shares of America Movil during the 4th quarter valued at approximately $607,000. 6.30% of the stock is currently owned by institutional investors.

America Movil Stock Performance

AMX stock opened at $26.63 on Monday. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.97. The business’s fifty day simple moving average is $25.53 and its two-hundred day simple moving average is $23.34. America Movil, S.A.B. de C.V. Unsponsored ADR has a twelve month low of $16.60 and a twelve month high of $27.80. The firm has a market cap of $80.14 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 0.95 and a beta of 0.69.

America Movil (NYSE:AMX) last released its earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 earnings per share for the quarter. America Movil had a return on equity of 19.77% and a net margin of 9.23%.The business had revenue of $13.24 billion for the quarter. Analysts predict that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AMX. New Street Research upgraded America Movil from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 7th. Weiss Ratings lowered America Movil from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. UBS Group increased their price target on America Movil to $31.50 and gave the company a “buy” rating in a report on Thursday, April 23rd. Scotiabank increased their price target on America Movil from $19.50 to $21.80 and gave the company a “sector perform” rating in a report on Monday, March 30th. Finally, Wall Street Zen lowered America Movil from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 18th. Three analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, America Movil has an average rating of “Hold” and an average price target of $27.18.

America Movil Company 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.