Public Employees Retirement System of Ohio Invests $82,000 in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Public Employees Retirement System of Ohio purchased a new position in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,560 shares of the Wireless communications provider’s stock, valued at approximately $82,000.

Several other hedge funds and other institutional investors have also made changes to their positions in AMX. Millennium Management LLC raised its stake in shares of America Movil by 279.3% during the 1st quarter. Millennium Management LLC now owns 1,447,032 shares of the Wireless communications provider’s stock worth $20,577,000 after buying an additional 1,065,538 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of America Movil by 93.0% during the 1st quarter. Teacher Retirement System of Texas now owns 1,585,100 shares of the Wireless communications provider’s stock worth $22,540,000 after buying an additional 764,000 shares during the last quarter. Northern Trust Corp raised its stake in shares of America Movil by 23.6% during the 1st quarter. Northern Trust Corp now owns 1,290,960 shares of the Wireless communications provider’s stock worth $18,357,000 after buying an additional 246,357 shares during the last quarter. IFC Advisors LLC acquired a new position in shares of America Movil during the 1st quarter worth $3,283,000. Finally, Wellington Management Group LLP raised its stake in shares of America Movil by 21.6% during the 1st quarter. Wellington Management Group LLP now owns 1,287,526 shares of the Wireless communications provider’s stock worth $18,309,000 after buying an additional 228,908 shares during the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

America Movil Stock Down 0.7%

AMX opened at $20.74 on Wednesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.75 and a quick ratio of 0.70. The stock has a market capitalization of $62.62 billion, a price-to-earnings ratio of 22.06 and a beta of 0.88. The business has a 50-day moving average of $19.77 and a two-hundred day moving average of $17.75. America Movil, S.A.B. de C.V. Unsponsored ADR has a 12 month low of $13.10 and a 12 month high of $21.52.

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

Analyst Ratings Changes

Several research firms have recently issued reports on AMX. Citigroup downgraded America Movil from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $20.00 to $22.00 in a research note on Wednesday, September 10th. JPMorgan Chase & Co. raised shares of America Movil from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $15.00 to $21.00 in a research note on Friday, August 8th. Wall Street Zen raised shares of America Movil from a “hold” rating to a “buy” rating in a research note on Saturday, July 12th. Weiss Ratings reissued a “hold (c)” rating on shares of America Movil in a research note on Saturday, September 27th. Finally, UBS Group boosted their target price on shares of America Movil from $20.40 to $21.10 and gave the company a “neutral” rating in a research note on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $19.75.

America Movil Company Profile

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.