America Movil (NYSE:AMX) Price Target Raised to $21.10 at UBS Group

Key Points

• UBS Group has raised the price target for America Movil shares from $20.40 to $21.10, indicating a potential upside of 16.09% from the current price.
• HSBC Global Res upgraded America Movil from a "hold" to a "strong-buy" rating, boosting its target price to $17.50, reflecting increased confidence in the company's performance.
• Despite a recent earnings miss with a reported EPS of $0.38, analysts expect America Movil to post an EPS of 1.51 for the current year, suggesting optimism about future profitability.

America Movil (NYSE:AMX - Free Report) had its price objective lifted by UBS Group from $20.40 to $21.10 in a report published on Monday morning,Benzinga reports. UBS Group currently has a neutral rating on the Wireless communications provider's stock.

A number of other research firms have also commented on AMX. Hsbc Global Res raised America Movil from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. Wall Street Zen raised America Movil from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Finally, HSBC raised America Movil from a "hold" rating to a "buy" rating and increased their price objective for the company from $15.50 to $17.50 in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $16.92.

America Movil Price Performance

Shares of AMX stock traded down $0.13 during mid-day trading on Monday, reaching $17.94. The stock had a trading volume of 334,130 shares, compared to its average volume of 2,203,139. America Movil has a 12-month low of $13.10 and a 12-month high of $18.51. The company has a market cap of $54.46 billion, a P/E ratio of 19.08 and a beta of 0.79. The business has a 50-day simple moving average of $17.50 and a 200 day simple moving average of $15.92. The company has a current ratio of 0.75, a quick ratio of 0.66 and a debt-to-equity ratio of 1.02.

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). The company had revenue of $12.50 billion for the quarter, compared to analyst estimates of $233.77 billion. America Movil had a net margin of 6.11% and a return on equity of 12.59%. On average, sell-side analysts anticipate that America Movil will post 1.51 earnings per share for the current year.

America Movil Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, July 21st. Shareholders of record on Friday, July 11th were paid a $0.2732 dividend. This represents a yield of 300.0%. The ex-dividend date of this dividend 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 is 54.26%.

Institutional Trading of America Movil

A number of hedge funds have recently added to or reduced their stakes in AMX. Bank of America Corp DE boosted its stake in 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 worth $146,191,000 after buying an additional 7,519,147 shares during the last quarter. Lazard Asset Management LLC raised its holdings in shares of America Movil by 12.6% in the 4th quarter. Lazard Asset Management LLC now owns 14,089,624 shares of the Wireless communications provider's stock worth $201,621,000 after purchasing an additional 1,571,290 shares during the period. BNP Paribas Financial Markets purchased a new position in shares of America Movil in the 4th quarter worth about $16,791,000. Millennium Management LLC raised its holdings in shares of America Movil by 279.3% in the 1st quarter. Millennium Management LLC now owns 1,447,032 shares of the Wireless communications provider's stock worth $20,577,000 after purchasing an additional 1,065,538 shares during the period. Finally, Wellington Management Group LLP purchased a new position in shares of America Movil in the 4th quarter worth about $15,149,000. 6.30% of the stock is owned by institutional investors and hedge funds.

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.