Candriam Luxembourg S.C.A. Acquires New Holdings in America Movil, S.A.B. de C.V. (AMX)

Candriam Luxembourg S.C.A. acquired a new position in America Movil, S.A.B. de C.V. (NYSE:AMX) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 12,170 shares of the Wireless communications provider’s stock, valued at approximately $216,000.

A number of other hedge funds have also modified their holdings of the stock. Ronald Blue & Co. LLC boosted its stake in America Movil, S.A.B. de C.V. by 1.0% during the 2nd quarter. Ronald Blue & Co. LLC now owns 13,673 shares of the Wireless communications provider’s stock valued at $218,000 after purchasing an additional 134 shares in the last quarter. Point View Wealth Management Inc. lifted its position in shares of America Movil, S.A.B. de C.V. by 0.3% during the 2nd quarter. Point View Wealth Management Inc. now owns 106,527 shares of the Wireless communications provider’s stock valued at $1,696,000 after acquiring an additional 294 shares during the last quarter. Wetherby Asset Management Inc. lifted its position in shares of America Movil, S.A.B. de C.V. by 1.7% during the 2nd quarter. Wetherby Asset Management Inc. now owns 18,056 shares of the Wireless communications provider’s stock valued at $287,000 after acquiring an additional 300 shares during the last quarter. High Pointe Capital Management LLC lifted its position in shares of America Movil, S.A.B. de C.V. by 6.4% during the 2nd quarter. High Pointe Capital Management LLC now owns 16,050 shares of the Wireless communications provider’s stock valued at $256,000 after acquiring an additional 960 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI lifted its position in shares of America Movil, S.A.B. de C.V. by 14.6% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 17,041 shares of the Wireless communications provider’s stock valued at $271,000 after acquiring an additional 2,176 shares during the last quarter. 7.62% of the stock is owned by institutional investors and hedge funds.

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A number of equities research analysts have recently commented on AMX shares. Morgan Stanley upgraded America Movil, S.A.B. de C.V. from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $16.00 to $21.00 in a research report on Thursday, August 10th. Zacks Investment Research upgraded America Movil, S.A.B. de C.V. from a “strong sell” rating to a “hold” rating and set a $21.00 price objective for the company in a research report on Monday, August 14th. Barclays PLC reiterated an “overweight” rating and set a $20.00 price objective (up previously from $18.00) on shares of America Movil, S.A.B. de C.V. in a research report on Monday, August 21st. UBS AG downgraded America Movil, S.A.B. de C.V. from a “market perform” rating to an “underperform” rating in a research report on Wednesday, August 23rd. Finally, ValuEngine upgraded America Movil, S.A.B. de C.V. from a “hold” rating to a “buy” rating in a report on Monday, September 18th. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $16.78.

Shares of America Movil, S.A.B. de C.V. (NYSE AMX) opened at $17.35 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.67 and a debt-to-equity ratio of 2.39. America Movil, S.A.B. de C.V. has a 1-year low of $11.48 and a 1-year high of $19.50. The stock has a market capitalization of $56,287.20, a price-to-earnings ratio of 24.34, a P/E/G ratio of 0.21 and a beta of 0.53.

The firm also recently announced a semiannual dividend, which was paid on Monday, November 20th. Shareholders of record on Friday, October 27th were given a dividend of $0.1599 per share. This represents a yield of 1.75%. The ex-dividend date of this dividend was Thursday, October 26th. America Movil, S.A.B. de C.V.’s payout ratio is 24.29%.

America Movil, S.A.B. de C.V. Profile

America Movil, SAB. de C.V. is a holding company. The Company provides telecommunications services. Its services include mobile and fixed-line voice services, wireless and fixed data services, Internet access and pay television, sales of equipment, accessories and computers, as well as other related services.

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Institutional Ownership by Quarter for America Movil, S.A.B. de C.V. (NYSE:AMX)

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