R Squared Ltd Acquires New Position in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

R Squared Ltd bought a new position in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) in the third quarter, according to its most recent filing with the SEC. The firm bought 34,587 shares of the Wireless communications provider’s stock, valued at approximately $733,000.

Other institutional investors also recently bought and sold shares of the company. Trust Co. of Vermont acquired a new position in America Movil during the 2nd quarter valued at approximately $39,000. Integrated Wealth Concepts LLC purchased a new position in shares of America Movil in the second quarter worth $82,000. GAMMA Investing LLC acquired a new stake in shares of America Movil during the third quarter worth $68,000. TD Waterhouse Canada Inc. acquired a new stake in shares of America Movil during the third quarter worth $75,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of America Movil by 23.4% during the first quarter. EverSource Wealth Advisors LLC now owns 3,896 shares of the Wireless communications provider’s stock worth $99,000 after buying an additional 739 shares during the period. 6.30% of the stock is currently owned by institutional investors and hedge funds.

America Movil Stock Performance

Shares of NYSE AMX opened at $25.52 on Friday. The company has a 50 day simple moving average of $23.19 and a two-hundred day simple moving average of $24.56. The stock has a market cap of $76.19 billion, a price-to-earnings ratio of 14.91, a PEG ratio of 1.37 and a beta of 0.58. The company has a current ratio of 0.71, a quick ratio of 0.66 and a debt-to-equity ratio of 0.90. America Movil, S.A.B. de C.V. Unsponsored ADR has a 12 month low of $19.70 and a 12 month high of $28.46.

America Movil Announces Dividend

The firm also recently announced a special dividend, which will be paid on Wednesday, November 18th. Investors of record on Tuesday, November 10th will be given a dividend of $0.2886 per share. The ex-dividend date is Tuesday, November 10th. America Movil’s payout ratio is currently 34.68%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wall Street Zen downgraded America Movil from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. Santander raised America Movil from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 13th. JPMorgan Chase & Co. upgraded America Movil from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $30.00 to $32.00 in a research note on Tuesday, August 18th. UBS Group dropped their price target on America Movil from $32.50 to $31.00 and set a “buy” rating on the stock in a research note on Thursday, October 22nd. Finally, Zacks Research raised America Movil from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, America Movil has an average rating of “Moderate Buy” and a consensus target price of $29.43.

About America Movil

América Móvil is a telecommunications company headquartered in Mexico City. Established in 2000, it grew from the wireless operations of Telmex and has expanded across the Americas and Europe. The company provides mobile and fixed-line voice services, broadband internet, pay television and data services to residential, business and government customers. It also offers enterprise connectivity and related technology services. América Móvil operates under brands that include Telcel in Mexico, Claro in many Latin American markets and A1 in parts of Europe.