Thrivent Financial for Lutherans Acquires 47,399 Shares of America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Thrivent Financial for Lutherans grew its holdings in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 84.9% in the 4th quarter, Holdings Channel reports. The fund owned 103,236 shares of the Wireless communications provider’s stock after purchasing an additional 47,399 shares during the quarter. Thrivent Financial for Lutherans’ holdings in America Movil were worth $2,134,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Orion Porfolio Solutions LLC boosted its position 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 acquiring an additional 455 shares during the period. Axxcess Wealth Management LLC boosted its position 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 acquiring an additional 560 shares during the period. Asset Management One Co. Ltd. boosted its position 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 acquiring an additional 707 shares during the period. Choreo LLC boosted its position 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 acquiring an additional 736 shares during the period. Finally, Essex Financial Services Inc. boosted its position 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 acquiring an additional 791 shares during the period. 6.30% of the stock is owned by institutional investors.

America Movil Stock Performance

Shares of NYSE AMX opened at $26.22 on Tuesday. The business has a fifty day simple moving average of $25.85 and a 200 day simple moving average of $23.50. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $78.91 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 0.95 and a beta of 0.69. America Movil, S.A.B. de C.V. Unsponsored ADR has a one year low of $16.60 and a one year high of $27.80.

America Movil (NYSE:AMX) last issued its earnings results 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 expect that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.82 EPS for the current year.

Analysts Set New Price Targets

AMX has been the subject of several research reports. UBS Group increased their price objective on America Movil to $31.50 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Scotiabank upped their target price on America Movil from $19.50 to $21.80 and gave the company a “sector perform” rating in a research note on Monday, March 30th. Wall Street Zen lowered America Movil from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 18th. JPMorgan Chase & Co. upped their target price on America Movil from $24.50 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Finally, New Street Research upgraded America Movil from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $27.18.

About America Movil

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.