251,941 America Movil, S.A.B. de C.V. Unsponsored ADR $AMX Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its holdings in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 3.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,475,816 shares of the Wireless communications provider’s stock after purchasing an additional 251,941 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in America Movil were worth $158,413,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in AMX. Trust Co. of Vermont acquired a new position in shares of America Movil during the 2nd quarter worth about $39,000. GAMMA Investing LLC bought a new stake in America Movil during the 3rd quarter valued at approximately $68,000. TD Waterhouse Canada Inc. acquired a new stake in America Movil in the 3rd quarter valued at approximately $75,000. Integrated Wealth Concepts LLC acquired a new stake in America Movil in the 2nd quarter valued at approximately $82,000. Finally, EverSource Wealth Advisors LLC grew its holdings in America Movil by 23.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,896 shares of the Wireless communications provider’s stock valued at $99,000 after buying an additional 739 shares during the last quarter. 6.30% of the stock is currently owned by institutional investors.

More America Movil News

Here are the key news stories impacting America Movil this week:

• Positive Sentiment: Third-quarter net profit rose 7% year over year, supported by higher revenue and operating gains. Mexico’s America Movil reports third-quarter net profit up 7%
• Positive Sentiment: Adjusted earnings were $0.47 per ADR, exceeding the $0.46 analyst consensus and improving from $0.40 a year earlier. Revenue reached $14.53 billion, well above the $13.49 billion estimate. Amer Movil Tops Q3 Earnings and Revenue Estimates
• Positive Sentiment: The earnings beat and revenue outperformance helped drive a roughly 4.8% single-session gain, with trading volume above the stock’s recent average, indicating strong investor interest. America Movil Surges 4.8% in a Single Session

America Movil Stock Performance

NYSE:AMX opened at $24.31 on Thursday. The firm’s 50-day moving average is $22.71 and its 200-day moving average is $24.84. America Movil, S.A.B. de C.V. Unsponsored ADR has a 52-week low of $19.70 and a 52-week high of $28.46. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.66 and a current ratio of 0.71. The company has a market cap of $73.05 billion, a price-to-earnings ratio of 13.24, a PEG ratio of 1.17 and a beta of 0.59.

America Movil (NYSE:AMX) last announced its quarterly earnings data on Tuesday, October 20th. The Wireless communications provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. America Movil had a net margin of 9.38% and a return on equity of 21.07%. The business had revenue of $14.53 billion during the quarter, compared to analyst estimates of $13.49 billion. Equities research analysts anticipate that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.90 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on AMX shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of America Movil in a research report on Thursday, August 13th. Santander raised America Movil from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 13th. Wall Street Zen cut America Movil from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 20th. Finally, JPMorgan Chase & Co. upgraded shares of America Movil from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $30.00 to $32.00 in a research note on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.52.

America Movil Profile

América Móvil, SAB. de C.V. is a Mexico-based telecommunications company that provides wireless and fixed-line communications services. Its offerings include mobile voice and data, broadband internet, landline telephone service, pay television, digital services, and enterprise telecommunications solutions. The company serves individual consumers, businesses, and government customers.

América Móvil operates across Latin America, the United States, and parts of Europe. Its principal brands include Telcel in Mexico and Claro in several Latin American markets.