TrueMark Investments LLC Purchases New Position in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

TrueMark Investments LLC acquired a new position in shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 111,896 shares of the Wireless communications provider’s stock, valued at approximately $2,350,000.

A number of other institutional investors and hedge funds have also bought and sold shares of AMX. Hilltop National Bank purchased a new stake in shares of America Movil in the 2nd quarter worth $27,000. Advantage Trust Co bought a new stake in shares of America Movil in the second quarter valued at about $30,000. Trust Co. of Vermont purchased a new stake in America Movil in the third quarter worth about $31,000. EverSource Wealth Advisors LLC grew its holdings in America Movil by 142.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock worth $38,000 after acquiring an additional 1,235 shares in the last quarter. Finally, Geneos Wealth Management Inc. purchased a new position in America Movil during the 2nd quarter valued at about $54,000. 6.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AMX. Zacks Research cut shares of America Movil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 10th. Wall Street Zen raised shares of America Movil from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th. Scotiabank increased their target price on America Movil from $17.10 to $19.50 and gave the company a “sector perform” rating in a research report on Thursday, October 16th. JPMorgan Chase & Co. lifted their price target on America Movil from $21.00 to $23.50 and gave the company a “neutral” rating in a report on Monday, October 20th. Finally, Bank of America initiated coverage on America Movil in a research note on Thursday, December 11th. They set a “neutral” rating and a $26.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, America Movil has a consensus rating of “Hold” and an average target price of $22.34.

America Movil Price Performance

NYSE AMX opened at $20.76 on Friday. The firm’s fifty day simple moving average is $21.32 and its two-hundred day simple moving average is $20.61. The firm has a market capitalization of $62.58 billion, a P/E ratio of 16.87 and a beta of 0.78. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.02. America Movil, S.A.B. de C.V. Unsponsored ADR has a 12-month low of $13.10 and a 12-month high of $23.68.

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.