Quadrant Capital Group LLC Buys New Position in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Quadrant Capital Group LLC purchased 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 Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 68,057 shares of the Wireless communications provider’s stock, valued at approximately $1,429,000.

Other hedge funds have also recently modified their holdings of the company. American Century Companies Inc. raised its position 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 valued at $51,352,000 after purchasing an additional 1,082,493 shares during the last quarter. TrueMark Investments LLC purchased a new stake in America Movil during the 3rd quarter worth approximately $2,350,000. GAM Holding AG acquired a new position in America Movil during the 3rd quarter valued at approximately $1,619,000. Citigroup Inc. raised its holdings in shares of America Movil by 21.3% in the third quarter. Citigroup Inc. now owns 348,781 shares of the Wireless communications provider’s stock worth $7,324,000 after buying an additional 61,234 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in shares of America Movil by 492.7% in the second quarter. Allworth Financial LP now owns 33,937 shares of the Wireless communications provider’s stock worth $609,000 after buying an additional 28,211 shares during the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

America Movil Price Performance

Shares of AMX opened at $23.02 on Friday. The business’s 50-day moving average is $22.41 and its two-hundred day moving average is $21.80. The company has a market capitalization of $69.39 billion, a P/E ratio of 16.09 and a beta of 0.72. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.68 and a current ratio of 0.74. America Movil, S.A.B. de C.V. Unsponsored ADR has a fifty-two week low of $13.10 and a fifty-two week high of $26.16.

America Movil (NYSE:AMX) last issued its quarterly earnings data on Thursday, February 12th. The Wireless communications provider reported $0.35 earnings per share (EPS) 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 analyst estimates of $13.09 billion. Research analysts predict that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AMX shares. Wall Street Zen raised shares of America Movil from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. UBS Group reaffirmed a “buy” rating and set a $30.00 price target (up from $23.60) on shares of America Movil in a research report on Tuesday, February 24th. Santander downgraded America Movil from an “outperform” rating to a “neutral” rating in a research note on Friday, December 12th. JPMorgan Chase & Co. increased their price objective on America Movil from $23.50 to $24.50 and gave the company a “neutral” rating in a report on Wednesday. Finally, Zacks Research downgraded America Movil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 10th. Three analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $23.40.

America Movil Company 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.