Mirabella Financial Services LLP Purchases New Holdings in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Mirabella Financial Services LLP purchased a new stake 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 disclosure with the Securities and Exchange Commission. The institutional investor purchased 136,689 shares of the Wireless communications provider’s stock, valued at approximately $2,870,000.

Other hedge funds also recently modified their holdings of the company. Trust Co. of Vermont acquired a new stake in shares of America Movil during the 3rd quarter worth approximately $31,000. EverSource Wealth Advisors LLC raised its stake in shares of America Movil by 142.3% in the second quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock valued at $38,000 after purchasing an additional 1,235 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in America Movil in the second quarter worth $54,000. Global Retirement Partners LLC boosted its stake in America Movil by 53.8% during the third quarter. Global Retirement Partners LLC now owns 3,883 shares of the Wireless communications provider’s stock worth $82,000 after buying an additional 1,359 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in America Movil by 71.0% during the third quarter. National Bank of Canada FI now owns 4,301 shares of the Wireless communications provider’s stock worth $91,000 after buying an additional 1,786 shares in the last quarter. Institutional investors own 6.30% of the company’s stock.

America Movil Stock Performance

America Movil stock opened at $23.74 on Thursday. 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 stock has a fifty day moving average price of $22.65 and a two-hundred day moving average price of $21.91. America Movil, S.A.B. de C.V. Unsponsored ADR has a 52-week low of $13.10 and a 52-week high of $26.16. The firm has a market capitalization of $71.56 billion, a P/E ratio of 16.60 and a beta of 0.72.

America Movil (NYSE:AMX) last issued its earnings results on Thursday, February 12th. The Wireless communications provider reported $0.35 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 firm had revenue of $13.59 billion during the quarter, compared to analyst estimates of $13.09 billion. As a group, analysts anticipate that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMX has been the topic of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of America Movil in a report on Wednesday, January 21st. JPMorgan Chase & Co. lifted their target price on shares of America Movil from $23.50 to $24.50 and gave the company a “neutral” rating in a research 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 note on Saturday, January 17th. Santander lowered shares of America Movil from an “outperform” rating to a “neutral” rating in a research report on Friday, December 12th. Finally, Bank of America began coverage on shares of America Movil in a research note on Thursday, December 11th. They set a “neutral” rating and a $26.00 price target for the company. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.