GAM Holding AG Acquires Shares of 77,112 America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

GAM Holding AG acquired a new position in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) during the third quarter, HoldingsChannel.com reports. The fund acquired 77,112 shares of the Wireless communications provider’s stock, valued at approximately $1,619,000.

A number of other large investors have also modified their holdings of AMX. Allworth Financial LP boosted its holdings in America Movil by 492.7% in the 2nd quarter. Allworth Financial LP now owns 33,937 shares of the Wireless communications provider’s stock worth $609,000 after acquiring an additional 28,211 shares during the period. Boston Partners boosted its stake in shares of America Movil by 6,421.7% in the second quarter. Boston Partners now owns 4,127,267 shares of the Wireless communications provider’s stock valued at $74,043,000 after purchasing an additional 4,063,982 shares during the period. Brandes Investment Partners LP grew its holdings in America Movil by 2.5% during the 2nd quarter. Brandes Investment Partners LP now owns 3,047,720 shares of the Wireless communications provider’s stock valued at $54,676,000 after purchasing an additional 74,068 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in America Movil by 13.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 978,834 shares of the Wireless communications provider’s stock valued at $17,560,000 after purchasing an additional 119,294 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in America Movil by 19.1% during the 2nd quarter. American Century Companies Inc. now owns 1,362,856 shares of the Wireless communications provider’s stock worth $24,450,000 after buying an additional 218,296 shares during the period. Institutional investors and hedge funds own 6.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Zacks Research cut shares of America Movil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 10th. UBS Group increased their price target on America Movil from $21.10 to $23.60 and gave the company a “neutral” rating in a report on Thursday, October 16th. Weiss Ratings restated a “hold (c)” rating on shares of America Movil in a report on Wednesday, October 8th. The Goldman Sachs Group set a $24.30 target price on America Movil and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Finally, Citigroup downgraded shares of America Movil from a “buy” rating to a “neutral” rating and raised their price target for the stock from $20.00 to $22.00 in a research report on Wednesday, September 10th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.34.

America Movil Trading Up 0.0%

Shares of NYSE AMX opened at $20.68 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.02. The stock’s 50 day moving average price is $22.08 and its two-hundred day moving average price is $20.33. America Movil, S.A.B. de C.V. Unsponsored ADR has a 52-week low of $13.10 and a 52-week high of $23.68. The stock has a market capitalization of $62.34 billion, a P/E ratio of 16.81 and a beta of 0.78.

America Movil (NYSE:AMX) last issued its quarterly earnings results on Wednesday, October 15th. The Wireless communications provider reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The business had revenue of $12.71 billion during the quarter, compared to the consensus estimate of $235.15 billion. America Movil had a return on equity of 16.59% and a net margin of 7.87%. On average, analysts anticipate that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 earnings per share for the current fiscal year.

America Movil Dividend Announcement

The firm also recently announced a special dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, November 7th were issued a dividend of $0.2811 per share. The ex-dividend date of this dividend was Friday, November 7th. America Movil’s dividend payout ratio is 45.53%.

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.