Capital Wealth Planning LLC Takes Position in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Capital Wealth Planning LLC purchased a new stake in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 214,828 shares of the Wireless communications provider’s stock, valued at approximately $4,511,000.

A number of other institutional investors also recently bought and sold shares of the stock. Glenmede Investment Management LP boosted its position in America Movil by 0.3% during the 3rd quarter. Glenmede Investment Management LP now owns 1,318,446 shares of the Wireless communications provider’s stock valued at $27,687,000 after acquiring an additional 4,589 shares in the last quarter. Boston Partners raised its position in shares of America Movil by 9.2% in the 3rd quarter. Boston Partners now owns 4,508,739 shares of the Wireless communications provider’s stock worth $94,684,000 after acquiring an additional 381,472 shares in the last quarter. Limestone Investment Advisors LP bought a new position in shares of America Movil in the 3rd quarter worth approximately $446,000. Tocqueville Asset Management L.P. purchased a new position in shares of America Movil in the 3rd quarter valued at approximately $206,000. Finally, UBS Group AG boosted its position in shares of America Movil by 32.7% during the third quarter. UBS Group AG now owns 923,057 shares of the Wireless communications provider’s stock valued at $19,384,000 after purchasing an additional 227,577 shares in the last quarter. 6.30% of the stock is owned by institutional investors.

America Movil Trading Down 0.2%

NYSE:AMX opened at $22.98 on Friday. The stock has a market cap of $69.28 billion, a price-to-earnings ratio of 16.07 and a beta of 0.72. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.01. The company’s 50 day moving average price is $22.46 and its 200-day moving average price is $21.82. America Movil, S.A.B. de C.V. Unsponsored ADR has a 52 week low of $13.10 and a 52 week high of $26.16.

America Movil (NYSE:AMX) last announced its quarterly earnings data on Thursday, February 12th. The Wireless communications provider reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). America Movil had a return on equity of 18.92% and a net margin of 8.78%.The firm had revenue of $13.59 billion during the quarter, compared to analysts’ expectations of $13.09 billion. On average, equities research analysts forecast that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AMX shares. Wall Street Zen raised America Movil from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th. Santander cut shares of America Movil from an “outperform” rating to a “neutral” rating in a report on Friday, December 12th. Bank of America began coverage on shares of America Movil in a research report on Thursday, December 11th. They issued a “neutral” rating and a $26.00 target price on the stock. UBS Group reiterated a “buy” rating and issued a $30.00 price target (up from $23.60) on shares of America Movil in a research note on Tuesday, February 24th. Finally, Zacks Research cut shares of America Movil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 10th. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $23.40.

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.