Faithward Advisors LLC Makes New Investment in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Faithward Advisors LLC bought a new position in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 74,480 shares of the Wireless communications provider’s stock, valued at approximately $1,898,000.

Several other institutional investors have also made changes to their positions in the company. Rockefeller Capital Management L.P. boosted its stake in America Movil by 55.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,150,649 shares of the Wireless communications provider’s stock worth $23,784,000 after purchasing an additional 408,125 shares during the period. Larry Mathis Financial Planning LLC acquired a new stake in America Movil during the 4th quarter valued at $274,000. Corient Private Wealth LLC raised its stake in America Movil by 0.7% during the 4th quarter. Corient Private Wealth LLC now owns 66,920 shares of the Wireless communications provider’s stock valued at $1,383,000 after purchasing an additional 468 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in shares of America Movil by 152,100.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 7,610 shares of the Wireless communications provider’s stock valued at $157,000 after purchasing an additional 7,605 shares in the last quarter. Finally, Compound Planning Inc. lifted its holdings in shares of America Movil by 29.9% in the fourth quarter. Compound Planning Inc. now owns 20,981 shares of the Wireless communications provider’s stock valued at $434,000 after purchasing an additional 4,825 shares in the last quarter. 6.30% of the stock is owned by hedge funds and other institutional investors.

America Movil Trading Down 0.9%

America Movil stock opened at $25.84 on Wednesday. The company’s fifty day simple moving average is $26.31 and its 200-day simple moving average is $23.94. 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, S.A.B. de C.V. Unsponsored ADR has a 12 month low of $16.92 and a 12 month high of $28.46. The stock has a market cap 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 (NYSE:AMX) last posted its quarterly earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 earnings per share for the quarter. America Movil had a net margin of 9.23% and a return on equity of 19.77%. The business had revenue of $13.24 billion for the quarter. As a group, sell-side analysts forecast that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.91 EPS for the current fiscal year.

Analysts Set New Price Targets

AMX has been the topic of a number of research analyst reports. Wall Street Zen downgraded America Movil from a “strong-buy” rating to a “buy” rating in a report on Sunday. The Goldman Sachs Group assumed coverage on America Movil in a research note on Monday, May 18th. They issued a “buy” rating and a $31.80 price objective for the company. JPMorgan Chase & Co. raised their price objective on America Movil from $24.50 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. New Street Research reaffirmed a “buy” rating and set a $35.00 target price on shares of America Movil in a research note on Wednesday, June 17th. Finally, Scotiabank dropped their target price on America Movil from $21.80 to $20.80 and set a “sector perform” rating on the stock in a report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, America Movil currently has a consensus rating of “Hold” and a consensus price target of $28.16.

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.