Klein Pavlis & Peasley Financial Inc. Has $1.11 Million Stake in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Klein Pavlis & Peasley Financial Inc. grew its stake in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) by 111.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 53,660 shares of the Wireless communications provider’s stock after purchasing an additional 28,299 shares during the period. Klein Pavlis & Peasley Financial Inc.’s holdings in America Movil were worth $1,109,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AMX. American Century Companies Inc. grew its holdings in 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 worth $51,352,000 after buying an additional 1,082,493 shares in the last quarter. TrueMark Investments LLC purchased a new stake in America Movil in the 3rd quarter valued at $2,350,000. Citigroup Inc. lifted its stake in America Movil by 21.3% during the 3rd quarter. Citigroup Inc. now owns 348,781 shares of the Wireless communications provider’s stock valued at $7,324,000 after acquiring an additional 61,234 shares in the last quarter. GAM Holding AG bought a new position in America Movil during the 3rd quarter valued at $1,619,000. Finally, Russell Investments Group Ltd. boosted its holdings in America Movil by 13.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 978,834 shares of the Wireless communications provider’s stock worth $17,560,000 after acquiring an additional 119,294 shares during the last quarter. Institutional investors own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on AMX shares. Zacks Research downgraded shares of America Movil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 10th. Bank of America assumed coverage on shares of America Movil in a report on Thursday, December 11th. They set a “neutral” rating and a $26.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of America Movil in a research report on Wednesday, January 21st. JPMorgan Chase & Co. increased their price objective on shares of America Movil from $23.50 to $24.50 and gave the company a “neutral” rating in a research note on Wednesday, March 11th. Finally, Wall Street Zen raised shares of America Movil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $23.40.

America Movil Stock Performance

Shares of AMX opened at $24.79 on Friday. The firm has a market cap of $74.74 billion, a PE ratio of 17.33 and a beta of 0.72. The stock’s fifty day moving average price is $23.21 and its two-hundred day moving average price is $22.14. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.74 and a quick ratio of 0.68. America Movil, S.A.B. de C.V. Unsponsored ADR has a 1 year low of $13.10 and a 1 year high of $26.16.

America Movil (NYSE:AMX) last posted 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). 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 for the quarter, compared to the consensus estimate 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 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.