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 Thursday . The stock traded as high as $18.25 and last traded at $18.28, with a volume of 455526 shares changing hands. The stock had previously closed at $17.92.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the stock. Wall Street Zen raised shares of America Movil from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. UBS Group upped their price objective on shares of America Movil from $19.60 to $20.40 and gave the stock a "neutral" rating in a report on Wednesday, July 9th. Hsbc Global Res raised America Movil from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. Finally, HSBC upgraded America Movil from a "hold" rating to a "buy" rating and upped their price target for the stock from $15.50 to $17.50 in a research note on Monday, April 14th. One 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 stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $16.78.
View Our Latest Analysis on America Movil
America Movil Stock Performance
The stock has a market capitalization of $55.68 billion, a PE ratio of 33.94, a P/E/G ratio of 1.04 and a beta of 0.79. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.66 and a current ratio of 0.71. The firm's 50 day moving average is $17.40 and its two-hundred day moving average is $15.75.
America Movil (NYSE:AMX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The Wireless communications provider reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by ($0.02). The company had revenue of $11.36 billion for the quarter, compared to analysts' expectations of $11.28 billion. America Movil had a return on equity of 7.19% and a net margin of 3.55%. As a group, research analysts predict that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 earnings per share for the current year.
America Movil Increases Dividend
The company also recently announced a semi-annual dividend, which was paid on Monday, July 21st. Investors of record on Friday, July 11th were issued a $0.2732 dividend. 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. This represents a yield of 3%. America Movil's dividend payout ratio (DPR) is 94.44%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hilltop National Bank purchased a new position in shares of America Movil in the 2nd quarter valued at about $27,000. Janney Montgomery Scott LLC lifted its stake in America Movil by 10.2% during the second quarter. Janney Montgomery Scott LLC now owns 12,303 shares of the Wireless communications provider's stock worth $221,000 after purchasing an additional 1,134 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in America Movil in the second quarter valued at approximately $82,000. Maseco LLP acquired a new stake in America Movil during the second quarter worth approximately $54,000. Finally, Farther Finance Advisors LLC lifted its position in shares of America Movil by 34.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 5,145 shares of the Wireless communications provider's stock worth $92,000 after buying an additional 1,332 shares during the last quarter. Institutional investors and hedge funds own 6.30% of the company's stock.
About America Movil
(
Get Free Report)
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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