Mirabella Financial Services LLP Invests $2.87 Million in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Mirabella Financial Services LLP bought a new stake in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) during the third quarter, Holdings Channel reports. The firm bought 136,689 shares of the Wireless communications provider’s stock, valued at approximately $2,870,000.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC bought a new position in America Movil in the 4th quarter worth approximately $154,000. Royal Bank of Canada boosted its position in shares of America Movil by 16.9% in the first quarter. Royal Bank of Canada now owns 375,504 shares of the Wireless communications provider’s stock valued at $5,339,000 after acquiring an additional 54,152 shares during the period. Jones Financial Companies Lllp grew its stake in shares of America Movil by 2,189.8% in the first quarter. Jones Financial Companies Lllp now owns 23,241 shares of the Wireless communications provider’s stock worth $330,000 after acquiring an additional 22,226 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of America Movil by 15.2% in the first quarter. Goldman Sachs Group Inc. now owns 778,584 shares of the Wireless communications provider’s stock worth $11,071,000 after acquiring an additional 102,545 shares during the last quarter. Finally, Jane Street Group LLC increased its position in America Movil by 9.5% during the first quarter. Jane Street Group LLC now owns 50,584 shares of the Wireless communications provider’s stock worth $719,000 after acquiring an additional 4,373 shares during the period. Institutional investors and hedge funds own 6.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on AMX. Bank of America began coverage on shares of America Movil in a report on Thursday, December 11th. They issued a “neutral” rating and a $26.00 price target for the company. Zacks Research downgraded shares of America Movil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of America Movil in a research report on Wednesday, January 21st. Wall Street Zen raised America Movil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. Finally, UBS Group restated a “buy” rating and set a $30.00 price target (up from $23.60) on shares of America Movil in a research note on Tuesday, February 24th. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $23.40.

America Movil Stock Up 2.1%

AMX opened at $23.46 on Tuesday. The company has a market capitalization of $70.74 billion, a P/E ratio of 16.41 and a beta of 0.72. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.74 and a quick ratio of 0.68. The firm’s fifty day moving average price is $22.51 and its two-hundred day moving average price is $21.87. America Movil, S.A.B. de C.V. Unsponsored ADR has a fifty-two week low of $13.10 and a fifty-two week high of $26.16.

America Movil (NYSE:AMX) last issued its 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). America Movil had a net margin of 8.78% and a return on equity of 18.92%. The business had revenue of $13.59 billion for the quarter, compared to analyst estimates of $13.09 billion. On average, analysts anticipate that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 EPS for the current year.

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.