AIA Group Ltd Purchases 58,693 Shares of America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

AIA Group Ltd grew its position in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 21.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 329,286 shares of the Wireless communications provider’s stock after purchasing an additional 58,693 shares during the period. AIA Group Ltd’s holdings in America Movil were worth $6,915,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. boosted 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 worth $51,352,000 after buying an additional 1,082,493 shares during the last quarter. TrueMark Investments LLC bought a new stake in America Movil during the third quarter worth $2,350,000. Citigroup Inc. lifted its holdings in America Movil by 21.3% during the third quarter. Citigroup Inc. now owns 348,781 shares of the Wireless communications provider’s stock worth $7,324,000 after acquiring an additional 61,234 shares during the period. GAM Holding AG purchased a new position in America Movil in the third quarter worth $1,619,000. Finally, Russell Investments Group Ltd. grew its stake in America Movil by 13.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 978,834 shares of the Wireless communications provider’s stock valued at $17,560,000 after purchasing an additional 119,294 shares during the period. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AMX. UBS Group reaffirmed a “buy” rating and set a $30.00 target price (up from $23.60) on shares of America Movil in a research report on Tuesday, February 24th. Santander lowered shares of America Movil from an “outperform” rating to a “neutral” rating in a research report on Friday, December 12th. JPMorgan Chase & Co. raised their price objective on shares of America Movil from $23.50 to $24.50 and gave the stock a “neutral” rating in a report on Wednesday, March 11th. Wall Street Zen raised shares of America Movil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of America Movil in a research note on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, America Movil has a consensus rating of “Hold” and an average target price of $23.40.

America Movil Trading Down 0.2%

NYSE:AMX opened at $23.74 on Thursday. America Movil, S.A.B. de C.V. Unsponsored ADR has a 1 year low of $13.10 and a 1 year high of $26.16. The stock’s fifty day moving average price is $22.65 and its two-hundred day moving average price is $21.91. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.74 and a quick ratio of 0.68. The company has a market cap of $71.56 billion, a P/E ratio of 16.60 and a beta of 0.72.

America Movil (NYSE:AMX) last announced its quarterly earnings results on Thursday, February 12th. The Wireless communications provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.08). America Movil had a net margin of 8.78% and a return on equity of 18.92%. The company had revenue of $13.59 billion during the quarter, compared to analysts’ expectations of $13.09 billion. As a group, analysts expect that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 EPS for the current year.

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.