21,908 Shares in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX Purchased by Verity Asset Management Inc.

Verity Asset Management Inc. acquired a new stake in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 21,908 shares of the Wireless communications provider’s stock, valued at approximately $453,000.

Several other institutional investors and hedge funds also recently modified their holdings of AMX. Lazard Asset Management LLC raised 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 valued at $371,774,000 after acquiring an additional 1,430,626 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of 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. Boston Partners grew its position in America Movil by 9.2% during the third quarter. Boston Partners now owns 4,508,739 shares of the Wireless communications provider’s stock valued at $94,684,000 after acquiring an additional 381,472 shares during the period. Dimensional Fund Advisors LP increased its stake in America Movil by 2.9% during the third quarter. Dimensional Fund Advisors LP now owns 4,143,980 shares of the Wireless communications provider’s stock worth $87,023,000 after acquiring an additional 118,668 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of 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 valued at $51,352,000 after purchasing an additional 1,082,493 shares in the last quarter. Hedge funds and other institutional investors own 6.30% of the company’s stock.

America Movil Stock Up 1.8%

Shares of America Movil stock opened at $26.61 on Friday. America Movil, S.A.B. de C.V. Unsponsored ADR has a 1-year low of $16.60 and a 1-year high of $27.70. The company has a market capitalization of $80.22 billion, a PE ratio of 16.95, a P/E/G ratio of 0.93 and a beta of 0.71. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.72 and a quick ratio of 0.67. The business has a 50-day moving average of $25.16 and a 200-day moving average of $23.02.

America Movil (NYSE:AMX) last released its quarterly earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 EPS 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. As a group, equities analysts forecast that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.85 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on AMX shares. UBS Group raised their price target on shares of America Movil to $31.50 and gave the company a “buy” rating in a report on Thursday, April 23rd. JPMorgan Chase & Co. increased their price objective on shares of America Movil from $23.50 to $24.50 and gave the stock a “neutral” rating in a research report on Wednesday, March 11th. New Street Research raised shares of America Movil from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 7th. Wall Street Zen lowered America Movil from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 18th. Finally, Scotiabank boosted their price objective on America Movil from $19.50 to $21.80 and gave the stock a “sector perform” rating in a research note on Monday, March 30th. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, America Movil currently has an average rating of “Hold” and a consensus target price of $25.02.

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.