Macquarie Group Ltd. Acquires 6,200 Shares of America Movil SAB de CV ADR Series L (AMX)

Macquarie Group Ltd. increased its position in shares of America Movil SAB de CV ADR Series L (NYSE:AMX) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,307,878 shares of the Wireless communications provider’s stock after buying an additional 6,200 shares during the period. Macquarie Group Ltd. owned about 0.07% of America Movil SAB de CV ADR Series L worth $32,887,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Bruderman Asset Management LLC acquired a new stake in shares of America Movil SAB de CV ADR Series L in the 4th quarter worth approximately $30,000. Rehmann Capital Advisory Group lifted its stake in shares of America Movil SAB de CV ADR Series L by 437.8% in the 4th quarter. Rehmann Capital Advisory Group now owns 2,490 shares of the Wireless communications provider’s stock worth $35,000 after acquiring an additional 2,027 shares during the period. Bremer Trust National Association acquired a new stake in shares of America Movil SAB de CV ADR Series L in the 4th quarter worth approximately $41,000. Ipswich Investment Management Co. Inc. acquired a new stake in shares of America Movil SAB de CV ADR Series L in the 4th quarter worth approximately $42,000. Finally, Navellier & Associates Inc bought a new stake in shares of America Movil SAB de CV ADR Series L in the 4th quarter worth approximately $62,000. 7.48% of the stock is currently owned by hedge funds and other institutional investors.

AMX traded up $0.06 on Friday, reaching $15.89. 1,238,310 shares of the company traded hands, compared to its average volume of 2,080,737. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.61 and a current ratio of 0.69. The company has a market capitalization of $52.50 billion, a PE ratio of 21.19, a PEG ratio of 0.96 and a beta of 0.40. America Movil SAB de CV ADR Series L has a 52-week low of $12.00 and a 52-week high of $19.82.

America Movil SAB de CV ADR Series L (NYSE:AMX) last posted its earnings results on Tuesday, February 12th. The Wireless communications provider reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.07). The business had revenue of $13.23 billion during the quarter, compared to the consensus estimate of $13.34 billion. America Movil SAB de CV ADR Series L had a return on equity of 22.77% and a net margin of 4.62%. On average, equities analysts forecast that America Movil SAB de CV ADR Series L will post 1.09 earnings per share for the current fiscal year.

AMX has been the topic of a number of research reports. ValuEngine upgraded shares of America Movil SAB de CV ADR Series L from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. Zacks Investment Research restated a “strong sell” rating on shares of America Movil SAB de CV ADR Series L in a report on Monday, December 31st. Itau BBA Securities lowered shares of America Movil SAB de CV ADR Series L from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 13th. HSBC upgraded shares of America Movil SAB de CV ADR Series L from a “hold” rating to a “buy” rating in a report on Friday, April 5th. Finally, JPMorgan Chase & Co. upgraded shares of America Movil SAB de CV ADR Series L from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $16.00 to $17.00 in a report on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $18.00.

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America Movil SAB de CV ADR Series L Profile

América Móvil, SAB. de C.V. provides telecommunications services in Latin America, the United States, the Caribbean, and Europe. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It also provides data services, such as Internet access, messaging, and other wireless entertainment and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and wireless security services, mobile payment solutions, machine-to-machine services, mobile banking, virtual private network services, and video calls and personal communications services.

See Also: Mutual Funds

Institutional Ownership by Quarter for America Movil SAB de CV ADR Series L (NYSE:AMX)

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