America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Get Free Report)'s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $18.25 and last traded at $18.28, with a volume of 455526 shares trading hands. The stock had previously closed at $17.92.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. UBS Group upped their price objective on shares of America Movil from $19.60 to $20.40 and gave the company a "neutral" rating in a report on Wednesday, July 9th. Wall Street Zen upgraded shares of America Movil from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. Hsbc Global Res upgraded shares of America Movil from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. Finally, HSBC upgraded shares of America Movil from a "hold" rating to a "buy" rating and upped their price objective for the company from $15.50 to $17.50 in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $16.78.
Check Out Our Latest Report on AMX
America Movil Price Performance
The company has a quick ratio of 0.66, a current ratio of 0.71 and a debt-to-equity ratio of 1.05. The company's 50 day moving average is $17.44 and its 200 day moving average is $15.83. The firm has a market capitalization of $55.16 billion, a price-to-earnings ratio of 19.34 and a beta of 0.79.
America Movil (NYSE:AMX - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The Wireless communications provider reported $0.38 EPS 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 12.60%. The business had revenue of $12.50 billion during the quarter, compared to analyst estimates of $233.77 billion. On average, equities research analysts anticipate that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 earnings per share for the current fiscal year.
America Movil Increases Dividend
The company also recently disclosed a semi-annual dividend, which was paid on Monday, July 21st. Investors of record on Friday, July 11th were given a dividend of $0.2732 per share. This is a boost from America Movil's previous semi-annual dividend of $0.24. The ex-dividend date was Friday, July 11th. This represents a yield of 3%. America Movil's dividend payout ratio is currently 54.26%.
Institutional Investors Weigh In On America Movil
Several institutional investors and hedge funds have recently bought and sold shares of the company. Crossmark Global Holdings Inc. lifted its position in 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 worth $2,116,000 after purchasing an additional 585 shares during the period. Farther Finance Advisors LLC lifted its position in America Movil by 21.9% during the first quarter. Farther Finance Advisors LLC now owns 3,813 shares of the Wireless communications provider's stock worth $55,000 after purchasing an additional 685 shares during the period. US Bancorp DE lifted its position in America Movil by 0.3% during the first quarter. US Bancorp DE now owns 232,570 shares of the Wireless communications provider's stock worth $3,307,000 after purchasing an additional 693 shares during the period. Investors Research Corp lifted its holdings in shares of America Movil by 3.2% in the first quarter. Investors Research Corp now owns 25,701 shares of the Wireless communications provider's stock worth $365,000 after acquiring an additional 800 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of America Movil by 10.4% in the first quarter. Signaturefd LLC now owns 9,976 shares of the Wireless communications provider's stock worth $142,000 after acquiring an additional 937 shares during the last quarter. Institutional investors own 6.30% of the company's stock.
America Movil Company Profile
(
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.
Read More
Before you consider America Movil, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and America Movil wasn't on the list.
While America Movil currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access