Thrivent Financial for Lutherans Takes Position in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Thrivent Financial for Lutherans bought 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 filing with the Securities and Exchange Commission (SEC). The firm bought 55,837 shares of the Wireless communications provider’s stock, valued at approximately $1,172,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Whittier Trust Co. grew its holdings in shares of America Movil by 2.8% during the 2nd quarter. Whittier Trust Co. now owns 21,198 shares of the Wireless communications provider’s stock worth $380,000 after purchasing an additional 582 shares in the last quarter. Profund Advisors LLC lifted its position in America Movil by 1.7% in the second quarter. Profund Advisors LLC now owns 39,561 shares of the Wireless communications provider’s stock worth $710,000 after purchasing an additional 666 shares during the period. MAI Capital Management boosted its stake in America Movil by 2.4% during the second quarter. MAI Capital Management now owns 29,097 shares of the Wireless communications provider’s stock worth $522,000 after buying an additional 680 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in America Movil by 2.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 27,687 shares of the Wireless communications provider’s stock worth $497,000 after buying an additional 786 shares in the last quarter. Finally, Brighton Jones LLC increased its holdings in America Movil by 7.7% in the 2nd quarter. Brighton Jones LLC now owns 11,091 shares of the Wireless communications provider’s stock valued at $199,000 after buying an additional 792 shares during the period. 6.30% of the stock is currently owned by institutional investors.

America Movil Stock Down 0.3%

Shares of AMX opened at $23.79 on Friday. The company has a market capitalization of $71.71 billion, a P/E ratio of 16.63 and a beta of 0.76. America Movil, S.A.B. de C.V. Unsponsored ADR has a one year low of $13.10 and a one year high of $24.11. The business’s 50 day simple moving average is $21.08 and its 200-day simple moving average is $21.07. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.81 and a quick ratio of 0.76.

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). The business had revenue of $13.59 billion during the quarter, compared to the consensus estimate of $13.09 billion. America Movil had a net margin of 8.78% and a return on equity of 18.78%. As a group, sell-side analysts predict that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AMX shares. Weiss Ratings reiterated a “hold (c)” rating on shares of America Movil in a research report on Wednesday, January 21st. The Goldman Sachs Group set a $24.30 price objective on America Movil and gave the company a “buy” rating in a report on Wednesday, October 22nd. Zacks Research lowered America Movil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. JPMorgan Chase & Co. raised their target price on America Movil from $21.00 to $23.50 and gave the stock a “neutral” rating in a research report on Monday, October 20th. Finally, Santander lowered America Movil from an “outperform” rating to a “neutral” rating in a research note on Friday, December 12th. Two investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $22.34.

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.