PNC Financial Services Group Inc. Has $549,000 Holdings in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX)

PNC Financial Services Group Inc. lifted its position in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 3.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,604 shares of the Wireless communications provider’s stock after purchasing an additional 1,384 shares during the quarter. PNC Financial Services Group Inc.’s holdings in America Movil were worth $549,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of AMX. Transce3nd LLC acquired a new stake in America Movil in the 4th quarter valued at $26,000. Parvin Asset Management LLC acquired a new stake in America Movil in the 4th quarter valued at $39,000. Garde Capital Inc. acquired a new stake in America Movil in the 1st quarter valued at $40,000. Farther Finance Advisors LLC boosted its stake in America Movil by 21.9% in the 1st quarter. Farther Finance Advisors LLC now owns 3,813 shares of the Wireless communications provider’s stock valued at $55,000 after buying an additional 685 shares in the last quarter. Finally, Signaturefd LLC raised its position in America Movil by 10.4% in the 1st quarter. Signaturefd LLC now owns 9,976 shares of the Wireless communications provider’s stock valued at $142,000 after purchasing an additional 937 shares during the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. UBS Group lifted their price objective on America Movil from $20.40 to $21.10 and gave the company a “neutral” rating in a research report on Monday, July 28th. Wall Street Zen upgraded America Movil from a “hold” rating to a “buy” rating in a research report on Saturday, July 12th. Finally, JPMorgan Chase & Co. upgraded America Movil from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $15.00 to $21.00 in a research report on Friday, August 8th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.12.

America Movil Trading Down 0.5%

AMX stock opened at $18.98 on Thursday. The company has a market cap of $57.32 billion, a P/E ratio of 20.19 and a beta of 0.80. America Movil, S.A.B. de C.V. Unsponsored ADR has a twelve month low of $13.10 and a twelve month high of $19.30. The company has a quick ratio of 0.70, a current ratio of 0.75 and a debt-to-equity ratio of 1.02. The business has a fifty day moving average of $17.74 and a 200-day moving average of $16.21.

America Movil (NYSE:AMX) last released its earnings results on Tuesday, July 22nd. The Wireless communications provider reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.11). The firm had revenue of $12.50 billion for the quarter, compared to the consensus estimate of $233.77 billion. America Movil had a return on equity of 12.59% and a net margin of 6.11%. As a group, equities research analysts expect that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 EPS for the current year.

America Movil Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, July 21st. Stockholders of record on Friday, July 11th were given a dividend of $0.2732 per share. The ex-dividend date was Friday, July 11th. This is an increase from America Movil’s previous semi-annual dividend of $0.24. This represents a dividend yield of 300.0%. America Movil’s dividend payout ratio is presently 54.26%.

About America Movil

América Móvil, SAB. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It provides data services, such as data centers, data administration, and hosting services to residential and corporate clients; value-added services, including Internet access, messaging and other wireless entertainment, and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and wireless security services, mobile payment solutions, machine-to-machine services, mobile banking, virtual private network services, and video calls and personal communications services.