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

Key Points

• America Movil (NYSE:AMX) shares reached a new 52-week high at $19.31 during mid-day trading, indicating strong investor interest.
• Analysts have raised their price targets for America Movil, with UBS increasing theirs to $21.10 and JPMorgan to $21.00, reflecting a positive outlook on the stock.
• The company recently declared a boosted semi-annual dividend of $0.2732 per share, resulting in a significant dividend yield of 300.0% for investors.

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $19.31 and last traded at $19.14, with a volume of 141156 shares changing hands. The stock had previously closed at $19.09.

Analysts Set New Price Targets

AMX has been the topic of a number of analyst reports. UBS Group lifted their price objective on America Movil from $20.40 to $21.10 and gave the company a "neutral" rating in a report on Monday, July 28th. JPMorgan Chase & Co. upgraded shares of America Movil from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $15.00 to $21.00 in a research report on Friday, August 8th. Finally, Wall Street Zen raised shares of America Movil from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, America Movil currently has an average rating of "Moderate Buy" and an average target price of $18.12.

America Movil Stock Up 0.0%

The firm has a market cap of $57.67 billion, a price-to-earnings ratio of 20.31 and a beta of 0.80. The company has a current ratio of 0.75, a quick ratio of 0.70 and a debt-to-equity ratio of 1.02. The stock has a 50-day moving average of $17.83 and a 200-day moving average of $16.30.

America Movil (NYSE:AMX - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The Wireless communications provider reported $0.38 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.11). America Movil had a net margin of 6.11% and a return on equity of 12.59%. The business had revenue of $12.50 billion during the quarter, compared to analyst estimates of $233.77 billion. As a group, sell-side analysts forecast that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 EPS for the current fiscal year.

America Movil Increases Dividend

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

Institutional Trading of America Movil

Institutional investors have recently bought and sold shares of the company. Lazard Asset Management LLC boosted its stake in America Movil by 5.4% in the 2nd quarter. Lazard Asset Management LLC now owns 16,272,887 shares of the Wireless communications provider's stock worth $291,934,000 after purchasing an additional 832,787 shares during the period. Bank of America Corp DE raised its holdings in shares of America Movil by 278.8% in the 4th quarter. Bank of America Corp DE now owns 10,216,018 shares of the Wireless communications provider's stock valued at $146,191,000 after purchasing an additional 7,519,147 shares during the period. Boston Partners lifted its stake in America Movil by 6,421.7% in the 2nd quarter. Boston Partners now owns 4,127,267 shares of the Wireless communications provider's stock valued at $74,043,000 after purchasing an additional 4,063,982 shares during the last quarter. Brandes Investment Partners LP increased its position in America Movil by 2.5% during the second quarter. Brandes Investment Partners LP now owns 3,047,720 shares of the Wireless communications provider's stock worth $54,676,000 after buying an additional 74,068 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in shares of America Movil by 1.7% in the fourth quarter. First Trust Advisors LP now owns 2,999,200 shares of the Wireless communications provider's stock valued at $42,919,000 after buying an additional 48,849 shares during the last quarter. 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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