Northwestern Mutual Wealth Management Co. Raises Holdings in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 343.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 343,428 shares of the Wireless communications provider’s stock after acquiring an additional 265,970 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in America Movil were worth $7,099,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AMX. Brighton Jones LLC purchased a new stake in shares of America Movil during the fourth quarter worth about $154,000. Royal Bank of Canada grew its stake in shares of America Movil by 16.9% during the first quarter. Royal Bank of Canada now owns 375,504 shares of the Wireless communications provider’s stock worth $5,339,000 after acquiring an additional 54,152 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of America Movil by 2,189.8% during the first quarter. Jones Financial Companies Lllp now owns 23,241 shares of the Wireless communications provider’s stock worth $330,000 after acquiring an additional 22,226 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of America Movil by 15.2% during the first quarter. Goldman Sachs Group Inc. now owns 778,584 shares of the Wireless communications provider’s stock worth $11,071,000 after purchasing an additional 102,545 shares during the period. Finally, Jane Street Group LLC lifted its holdings in shares of America Movil by 9.5% during the first quarter. Jane Street Group LLC now owns 50,584 shares of the Wireless communications provider’s stock worth $719,000 after purchasing an additional 4,373 shares during the period. Hedge funds and other institutional investors own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. The Goldman Sachs Group assumed coverage on America Movil in a report on Monday, May 18th. They issued a “buy” rating and a $31.80 price target for the company. UBS Group boosted their price target on America Movil to $31.50 and gave the company a “buy” rating in a report on Thursday, April 23rd. Scotiabank boosted their price target on America Movil from $19.50 to $21.80 and gave the company a “sector perform” rating in a report on Monday, March 30th. Wall Street Zen downgraded America Movil from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 18th. Finally, Weiss Ratings raised America Movil from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, America Movil presently has an average rating of “Hold” and an average target price of $27.18.

America Movil Price Performance

Shares of America Movil stock opened at $26.22 on Friday. The firm has a market cap of $78.91 billion, a PE ratio of 16.70, a P/E/G ratio of 0.96 and a beta of 0.69. America Movil, S.A.B. de C.V. Unsponsored ADR has a twelve month low of $16.60 and a twelve month high of $27.80. The business has a 50-day moving average price of $25.79 and a 200 day moving average price of $23.47. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.97.

America Movil (NYSE:AMX) last posted its quarterly earnings data on Tuesday, March 31st. The Wireless communications provider reported $0.02 EPS for the quarter. The business had revenue of $13.24 billion during the quarter. America Movil had a return on equity of 19.77% and a net margin of 9.23%. Sell-side analysts predict that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.82 earnings per share for the current fiscal 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.