Bailard Inc. Takes Position in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Bailard Inc. bought a new position in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 50,000 shares of the Wireless communications provider’s stock, valued at approximately $1,050,000.

A number of other large investors have also recently made changes to their positions in the company. Hilltop National Bank purchased a new stake in America Movil in the 2nd quarter worth about $27,000. Advantage Trust Co bought a new position in shares of America Movil during the second quarter valued at approximately $30,000. Trust Co. of Vermont purchased a new stake in shares of America Movil in the third quarter worth approximately $31,000. EverSource Wealth Advisors LLC lifted its stake in shares of America Movil by 142.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock worth $38,000 after acquiring an additional 1,235 shares during the last quarter. Finally, Maseco LLP bought a new stake in shares of America Movil during the 2nd quarter worth approximately $54,000. 6.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on AMX shares. Zacks Research lowered America Movil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. JPMorgan Chase & Co. raised their price target on shares of America Movil from $21.00 to $23.50 and gave the stock a “neutral” rating in a research note on Monday, October 20th. The Goldman Sachs Group set a $24.30 price objective on shares of America Movil and gave the company a “buy” rating in a report on Wednesday, October 22nd. Wall Street Zen upgraded shares of America Movil from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th. Finally, Bank of America began coverage on shares of America Movil in a research report on Thursday, December 11th. They set a “neutral” rating and a $26.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $22.34.

America Movil Trading Up 0.0%

NYSE:AMX opened at $20.75 on Friday. The firm has a 50-day simple moving average of $21.37 and a 200-day simple moving average of $20.59. America Movil, S.A.B. de C.V. Unsponsored ADR has a one year low of $13.10 and a one year high of $23.68. The firm has a market cap of $62.56 billion, a P/E ratio of 16.87 and a beta of 0.78. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.76 and a current ratio of 0.81.

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.