Chesapeake Capital Corp IL Purchases Shares of 37,043 America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Chesapeake Capital Corp IL purchased a new position in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 37,043 shares of the Wireless communications provider’s stock, valued at approximately $778,000.

A number of other large investors have also modified their holdings of AMX. American Century Companies Inc. grew its holdings in shares of America Movil by 79.4% during the third quarter. American Century Companies Inc. now owns 2,445,349 shares of the Wireless communications provider’s stock valued at $51,352,000 after buying an additional 1,082,493 shares during the last quarter. TrueMark Investments LLC purchased a new position in America Movil in the 3rd quarter worth $2,350,000. GAM Holding AG purchased a new position in America Movil in the 3rd quarter worth $1,619,000. Citigroup Inc. lifted its position in America Movil by 21.3% during the 3rd quarter. Citigroup Inc. now owns 348,781 shares of the Wireless communications provider’s stock worth $7,324,000 after acquiring an additional 61,234 shares during the period. Finally, Allworth Financial LP lifted its position in America Movil by 492.7% during the 2nd quarter. Allworth Financial LP now owns 33,937 shares of the Wireless communications provider’s stock worth $609,000 after acquiring an additional 28,211 shares during the period. Hedge funds and other institutional investors own 6.30% of the company’s stock.

America Movil Stock Performance

Shares of AMX stock opened at $22.98 on Friday. 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. 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 stock has a market cap of $69.28 billion, a PE ratio of 16.07 and a beta of 0.72. The business has a 50-day simple moving average of $22.46 and a 200-day simple moving average of $21.82.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Wall Street Zen raised America Movil from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. UBS Group reaffirmed a “buy” rating and set a $30.00 target price (up from $23.60) on shares of America Movil in a report on Tuesday, February 24th. Bank of America assumed coverage on America Movil in a research report on Thursday, December 11th. They issued a “neutral” rating and a $26.00 target price on the stock. Santander downgraded shares of America Movil from an “outperform” rating to a “neutral” rating in a report on Friday, December 12th. Finally, JPMorgan Chase & Co. raised their price target on shares of America Movil from $23.50 to $24.50 and gave the stock a “neutral” rating in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, America Movil presently has a consensus rating of “Hold” and an average price target of $23.40.

America Movil Company 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.