Element Squared LLC Invests $2.38 Million in America Movil, S.A.B. de C.V. Unsponsored ADR $AMX

Element Squared LLC acquired a new position in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 93,198 shares of the Wireless communications provider’s stock, valued at approximately $2,375,000. America Movil comprises 1.3% of Element Squared LLC’s investment portfolio, making the stock its 9th largest holding.

Other hedge funds have also bought and sold shares of the company. Camelot Portfolios LLC bought a new position in shares of America Movil in the 4th quarter worth $31,000. Atlas Capital Advisors Inc. bought a new stake in shares of America Movil during the 4th quarter worth $37,000. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 during the last quarter. Beacon Financial Strategies CORP purchased a new position in America Movil in the fourth quarter worth $43,000. Finally, Arax Advisory Partners grew its position in America Movil by 34.0% in the fourth quarter. Arax Advisory Partners now owns 2,412 shares of the Wireless communications provider’s stock worth $50,000 after acquiring an additional 612 shares in the last quarter. 6.30% of the stock is currently owned by institutional investors.

America Movil Price Performance

Shares of NYSE:AMX opened at $25.94 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.97. The stock has a market cap of $78.09 billion, a PE ratio of 16.52, a PEG ratio of 0.85 and a beta of 0.66. The company’s fifty day moving average is $26.30 and its 200 day moving average is $24.11. America Movil, S.A.B. de C.V. Unsponsored ADR has a 52 week low of $16.92 and a 52 week high of $28.46.

America Movil (NYSE:AMX) last posted its quarterly earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 earnings per share (EPS) for the quarter. America Movil had a net margin of 9.23% and a return on equity of 19.77%. The business had revenue of $13.24 billion during the quarter. Research analysts anticipate that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.91 earnings per share for the current year.

America Movil Announces Dividend

The business also recently announced a special dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th will be paid a $0.3078 dividend. The ex-dividend date of this dividend is Tuesday, July 14th. America Movil’s payout ratio is 35.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on America Movil from $24.50 to $30.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Scotiabank cut their price objective on America Movil from $21.80 to $20.80 and set a “sector perform” rating for the company in a report on Wednesday, May 27th. The Goldman Sachs Group began coverage on America Movil in a research report on Monday, May 18th. They set a “buy” rating and a $31.80 price objective on the stock. Wall Street Zen cut America Movil from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 21st. Finally, UBS Group boosted their target price on America Movil to $31.50 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, America Movil has an average rating of “Hold” and an average price target of $28.16.

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.