America Movil (NYSE:AMX) Hits New 52-Week High - Here's What Happened

Key Points

• America Movil's stock price reached a new 52-week high of $20.45 during trading, closing at $20.31 with a trading volume of 674,284 shares.
• Recent analyst reports have shown a mix of upgrades and downgrades for America Movil, with price target adjustments leading to a consensus rating of "Moderate Buy" and an average price target of $18.77.
• The company increased its semi-annual dividend to $0.2732 per share, reflecting a significant yield of 300.0%, up from the previous dividend of $0.24.

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $20.45 and last traded at $20.31, with a volume of 674284 shares trading hands. The stock had previously closed at $19.74.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AMX shares. Citigroup cut shares of America Movil from a "buy" rating to a "neutral" rating and increased their price objective for the company from $20.00 to $22.00 in a report on Wednesday. JPMorgan Chase & Co. upgraded shares of America Movil from an "underweight" rating to a "neutral" rating and raised their price target for the company from $15.00 to $21.00 in a report on Friday, August 8th. Wall Street Zen upgraded shares of America Movil from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Finally, UBS Group raised their price target on shares of America Movil from $20.40 to $21.10 and gave the stock a "neutral" rating in a research report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, America Movil currently has a consensus rating of "Moderate Buy" and an average price target of $18.77.

America Movil Price Performance

The company's fifty day moving average is $18.67 and its 200 day moving average is $16.91. The firm has a market cap of $60.99 billion, a price-to-earnings ratio of 21.51 and a beta of 0.86. The company has a quick ratio of 0.70, a current ratio of 0.75 and a debt-to-equity ratio of 1.02.

America Movil (NYSE:AMX - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The Wireless communications provider reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.11). America Movil had a net margin of 6.11% and a return on equity of 12.59%. The company had revenue of $12.50 billion during the quarter, compared to the consensus estimate of $233.77 billion. On average, equities research analysts predict that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 EPS for the current year.

America Movil Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, July 21st. Shareholders of record on Friday, July 11th were issued a dividend of $0.2732 per share. This represents a yield of 300.0%. The ex-dividend date was Friday, July 11th. This is a positive change from America Movil's previous semi-annual dividend of $0.24. America Movil's dividend payout ratio (DPR) is 54.26%.

Institutional Trading of America Movil

Hedge funds have recently bought and sold shares of the business. Whittier Trust Co. boosted its stake in shares of America Movil by 2.8% during the second quarter. Whittier Trust Co. now owns 21,198 shares of the Wireless communications provider's stock valued at $380,000 after purchasing an additional 582 shares during the period. Crossmark Global Holdings Inc. boosted its position in shares of America Movil by 0.4% during the first quarter. Crossmark Global Holdings Inc. now owns 148,779 shares of the Wireless communications provider's stock valued at $2,116,000 after buying an additional 585 shares during the last quarter. Profund Advisors LLC boosted its position in America Movil by 1.7% in the second quarter. Profund Advisors LLC now owns 39,561 shares of the Wireless communications provider's stock worth $710,000 after purchasing an additional 666 shares during the last quarter. MAI Capital Management raised its stake in shares of America Movil by 2.4% in the second quarter. MAI Capital Management now owns 29,097 shares of the Wireless communications provider's stock worth $522,000 after buying an additional 680 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in America Movil by 21.9% during the 1st quarter. Farther Finance Advisors LLC now owns 3,813 shares of the Wireless communications provider's stock valued at $55,000 after purchasing an additional 685 shares during the period. Institutional investors and hedge funds own 6.30% of the company's stock.

About America Movil

América Móvil, SAB. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It provides data services, such as data centers, data administration, and hosting services to residential and corporate clients; value-added services, including 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.

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