Leuthold Group LLC Invests $466,000 in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Leuthold Group LLC bought a new position in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 22,545 shares of the Wireless communications provider’s stock, valued at approximately $466,000.

Other hedge funds have also bought and sold shares of the company. Orion Porfolio Solutions LLC lifted its stake in shares of America Movil by 3.6% in the third quarter. Orion Porfolio Solutions LLC now owns 12,985 shares of the Wireless communications provider’s stock valued at $273,000 after buying an additional 455 shares in the last quarter. Axxcess Wealth Management LLC lifted its stake in shares of America Movil by 1.6% in the third quarter. Axxcess Wealth Management LLC now owns 36,075 shares of the Wireless communications provider’s stock valued at $758,000 after buying an additional 560 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of America Movil by 0.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 160,122 shares of the Wireless communications provider’s stock valued at $3,339,000 after buying an additional 707 shares in the last quarter. Choreo LLC lifted its stake in shares of America Movil by 4.0% in the fourth quarter. Choreo LLC now owns 18,975 shares of the Wireless communications provider’s stock valued at $396,000 after buying an additional 736 shares in the last quarter. Finally, Essex Financial Services Inc. lifted its stake in shares of America Movil by 1.5% in the third quarter. Essex Financial Services Inc. now owns 53,285 shares of the Wireless communications provider’s stock valued at $1,119,000 after buying an additional 791 shares in the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

America Movil Stock Performance

NYSE AMX opened at $26.63 on Monday. America Movil, S.A.B. de C.V. Unsponsored ADR has a 52-week low of $16.60 and a 52-week high of $27.80. The company has a 50-day simple moving average of $25.53 and a 200 day simple moving average of $23.34. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.67 and a current ratio of 0.72. The company has a market capitalization of $80.14 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 0.95 and a beta of 0.69.

America Movil (NYSE:AMX) last posted its quarterly earnings data on Tuesday, March 31st. The Wireless communications provider reported $0.02 earnings per share (EPS) for the quarter. America Movil had a net margin of 9.23% and a return on equity of 19.77%. The business had revenue of $13.24 billion during the quarter. On average, research analysts predict that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.85 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AMX shares. Weiss Ratings lowered shares of America Movil from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Scotiabank raised their price objective on shares of America Movil from $19.50 to $21.80 and gave the company a “sector perform” rating in a research note on Monday, March 30th. UBS Group raised their price objective on shares of America Movil to $31.50 and gave the company a “buy” rating in a research note on Thursday, April 23rd. JPMorgan Chase & Co. increased their target price on shares of America Movil from $24.50 to $30.00 and gave the company a “neutral” rating in a report on Thursday. Finally, The Goldman Sachs Group started coverage on shares of America Movil in a report on Monday. They issued a “buy” rating and a $31.80 target price for the company. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, America Movil currently has a consensus rating of “Hold” and a consensus price target of $27.18.

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.