5 Best Mexican Stocks To Buy Now

4. América Móvil, S.A.B. de C.V. (NYSE: AMX)

America Movil is one of the largest mobile network operators with over 360 million subscribers. The Forbes Global 2000 company recently announced its plans to expand 5G coverage to 12 new cities in Brazil. In the third quarter, the company posted a GAAP EPS of 0.28 Mexican peso. Revenue in the period jumped 5.4%. The stock is down 20% over the last 12 months.

According to our database, the number of AMX’s long hedge funds positions increased at the end of the fourth quarter of 2020. There were 16 hedge funds that hold a position in América Móvil, S.A.B. de C.V. compared to 15 funds in the third quarter. The biggest stakeholder of the company is Jim Simons’ Renaissance Technologies, with 3.5 million shares, worth $50.7 million.