America Movil (NYSE:AMX) Sets New 12-Month High - Still a Buy?

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)'s share price hit a new 52-week high on Monday . The stock traded as high as $19.31 and last traded at $19.14, with a volume of 141156 shares trading hands. The stock had previously closed at $19.09.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AMX shares. UBS Group upped their price target on America Movil from $20.40 to $21.10 and gave the stock a "neutral" rating in a report on Monday, July 28th. Wall Street Zen raised America Movil from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Finally, JPMorgan Chase & Co. upgraded America Movil from an "underweight" rating to a "neutral" rating and increased their target price for the company from $15.00 to $21.00 in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $18.12.

America Movil Stock Up 3.7%

The firm has a market cap of $60.81 billion, a price-to-earnings ratio of 21.42 and a beta of 0.80. The company has a quick ratio of 0.70, a current ratio of 0.75 and a debt-to-equity ratio of 1.02. The firm has a fifty day moving average price of $18.05 and a 200-day moving average price of $16.45.

America Movil (NYSE:AMX - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The Wireless communications provider reported $0.38 EPS 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 company had revenue of $12.50 billion for 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 year.

America Movil Increases Dividend

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

Institutional Investors Weigh In On America Movil

A number of institutional investors have recently modified their holdings of the stock. Hilltop National Bank acquired a new position in shares of America Movil in the 2nd quarter valued at about $27,000. Advantage Trust Co acquired a new position in America Movil in the second quarter valued at approximately $30,000. EverSource Wealth Advisors LLC raised its position 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 purchasing an additional 1,235 shares during the period. Parvin Asset Management LLC bought a new stake in shares of America Movil in the 4th quarter worth approximately $39,000. Finally, Garde Capital Inc. acquired a new position in America Movil during the 1st quarter valued at approximately $40,000. Institutional investors and hedge funds own 6.30% of the company's stock.

America Movil Company Profile

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.