BNP Paribas Financial Markets Raises Stock Holdings in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

BNP Paribas Financial Markets increased its position in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 495.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 314,197 shares of the Wireless communications provider’s stock after buying an additional 261,453 shares during the quarter. BNP Paribas Financial Markets’ holdings in America Movil were worth $6,494,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Camelot Portfolios LLC purchased a new position in shares of America Movil in the fourth quarter worth $31,000. Beacon Financial Strategies CORP purchased a new position in shares of America Movil in the fourth quarter worth $43,000. EverSource Wealth Advisors LLC increased its stake in shares of America Movil by 142.3% in the second quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock worth $38,000 after buying an additional 1,235 shares during the period. Geneos Wealth Management Inc. purchased a new position in shares of America Movil in the second quarter worth $54,000. Finally, National Bank of Canada FI increased its stake in shares of America Movil by 71.0% in the third quarter. National Bank of Canada FI now owns 4,301 shares of the Wireless communications provider’s stock worth $91,000 after buying an additional 1,786 shares during the period. 6.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AMX. UBS Group lifted their target price on shares of America Movil to $31.50 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Wall Street Zen cut shares of America Movil from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 18th. Weiss Ratings upgraded shares of America Movil from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 18th. JPMorgan Chase & Co. lifted their price target on shares of America Movil from $24.50 to $30.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Finally, The Goldman Sachs Group began coverage on shares of America Movil in a report on Monday, May 18th. They issued a “buy” rating and a $31.80 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $27.02.

America Movil Stock Performance

NYSE:AMX opened at $25.29 on Wednesday. The stock has a market cap of $76.13 billion, a P/E ratio of 16.11, a price-to-earnings-growth ratio of 0.89 and a beta of 0.66. The firm’s fifty day simple moving average is $26.16 and its 200 day simple moving average is $23.67. America Movil, S.A.B. de C.V. Unsponsored ADR has a twelve month low of $16.87 and a twelve month high of $27.80. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.97.

America Movil (NYSE:AMX) last released its quarterly earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 earnings per share for the quarter. The business had revenue of $13.24 billion for the quarter. America Movil had a net margin of 9.23% and a return on equity of 19.77%. As a group, research analysts predict that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.84 EPS for the current year.

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.