Fox Run Management L.L.C. Invests $1.13 Million in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Fox Run Management L.L.C. acquired a new position in shares of 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 (SEC). The institutional investor acquired 54,639 shares of the Wireless communications provider’s stock, valued at approximately $1,129,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Orion Porfolio Solutions LLC boosted its position in shares of America Movil by 3.6% during the third quarter. Orion Porfolio Solutions LLC now owns 12,985 shares of the Wireless communications provider’s stock worth $273,000 after buying an additional 455 shares during the period. Axxcess Wealth Management LLC boosted its position in shares of America Movil by 1.6% during the third quarter. Axxcess Wealth Management LLC now owns 36,075 shares of the Wireless communications provider’s stock worth $758,000 after buying an additional 560 shares during the period. Asset Management One Co. Ltd. boosted its position 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 worth $3,339,000 after buying an additional 707 shares during the period. Choreo LLC boosted its position in shares of America Movil by 4.0% during the fourth quarter. Choreo LLC now owns 18,975 shares of the Wireless communications provider’s stock worth $396,000 after buying an additional 736 shares during the period. Finally, Essex Financial Services Inc. boosted its position in shares of America Movil by 1.5% during the third quarter. Essex Financial Services Inc. now owns 53,285 shares of the Wireless communications provider’s stock worth $1,119,000 after buying an additional 791 shares during the period. 6.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AMX shares. JPMorgan Chase & Co. upped 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. Weiss Ratings upgraded America Movil from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 18th. 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. The Goldman Sachs Group assumed coverage on America Movil in a report on Monday, May 18th. They set a “buy” rating and a $31.80 target price on the stock. Finally, New Street Research upgraded America Movil from a “neutral” rating to a “buy” rating in a report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, America Movil presently has an average rating of “Hold” and an average price target of $27.02.

America Movil Stock Performance

AMX opened at $25.29 on Wednesday. America Movil, S.A.B. de C.V. Unsponsored ADR has a 52-week low of $16.87 and a 52-week high of $27.80. The firm has a market capitalization of $76.13 billion, a PE ratio of 16.11, a PEG ratio of 0.89 and a beta of 0.66. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.67 and a current ratio of 0.72. The business’s 50-day simple moving average is $26.16 and its 200 day simple moving average is $23.67.

America Movil (NYSE:AMX) last released 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 business had revenue of $13.24 billion for the quarter. As a group, sell-side analysts expect that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.84 earnings per share for the current fiscal year.

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.