UBS Group AG Has $7.37 Million Position in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

UBS Group AG lessened its stake in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 61.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 356,338 shares of the Wireless communications provider’s stock after selling 566,719 shares during the period. UBS Group AG’s holdings in America Movil were worth $7,366,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Sanctuary Advisors LLC increased its stake in shares of America Movil by 4.8% in the 4th quarter. Sanctuary Advisors LLC now owns 58,358 shares of the Wireless communications provider’s stock valued at $1,206,000 after buying an additional 2,680 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of America Movil by 10.6% during the fourth quarter. Teacher Retirement System of Texas now owns 1,660,300 shares of the Wireless communications provider’s stock valued at $34,318,000 after acquiring an additional 159,600 shares during the period. Asset Management One Co. Ltd. lifted its stake in shares of America Movil by 0.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 160,122 shares of the Wireless communications provider’s stock valued at $3,339,000 after acquiring an additional 707 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in America Movil by 6.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,853 shares of the Wireless communications provider’s stock valued at $390,000 after acquiring an additional 1,141 shares during the last quarter. Finally, PDS Planning Inc acquired a new stake in America Movil in the fourth quarter worth about $322,000. 6.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. New Street Research raised America Movil from a “neutral” rating to a “buy” rating in a report on Tuesday, April 7th. Weiss Ratings cut shares of America Movil from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Wall Street Zen downgraded shares of America Movil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 18th. Scotiabank increased their price objective on shares of America Movil from $19.50 to $21.80 and gave the company a “sector perform” rating in a report on Monday, March 30th. Finally, The Goldman Sachs Group assumed coverage on shares of America Movil in a research note on Monday. They issued a “buy” rating and a $31.80 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $27.18.

America Movil Trading Up 1.1%

NYSE AMX opened at $26.88 on Tuesday. America Movil, S.A.B. de C.V. Unsponsored ADR has a 12 month low of $16.60 and a 12 month high of $27.80. The stock has a 50-day simple moving average of $25.58 and a 200 day simple moving average of $23.37. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $80.92 billion, a PE ratio of 17.12, a P/E/G ratio of 0.95 and a beta of 0.69.

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

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.