America Movil (NYSE:AMX) Hits New 52-Week High - Should You Buy?

Key Points

• America Movil's share price reached a new 1-year high of $18.71 during mid-day trading, marking a significant increase from its previous close of $18.19.
• Several brokerages have upgraded their ratings for America Movil, with UBS raising its target price to $21.10 and HSBC improving its rating to "strong buy."
• The company announced an increase in its semi-annual dividend to $0.2732 per share, demonstrating a commitment to returning value to shareholders.

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 Wednesday . The company traded as high as $18.71 and last traded at $18.61, with a volume of 239874 shares trading hands. The stock had previously closed at $18.19.

Analysts Set New Price Targets

AMX has been the subject of several recent analyst reports. UBS Group raised their target price on shares of America Movil from $20.40 to $21.10 and gave the company a "neutral" rating in a research note on Monday, July 28th. HSBC upgraded 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 report on Monday, April 14th. Wall Street Zen raised America Movil from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Hsbc Global Res raised America Movil from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. upgraded America Movil from an "underweight" rating to a "neutral" rating and boosted their price target for the stock from $15.00 to $21.00 in a research note on Friday. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $18.12.

America Movil Stock Up 1.1%

The company has a debt-to-equity ratio of 1.02, a current ratio of 0.75 and a quick ratio of 0.70. The business's fifty day moving average price is $17.58 and its two-hundred day moving average price is $16.07. The stock has a market capitalization of $58.20 billion, a PE ratio of 20.39 and a beta of 0.80.

America Movil (NYSE:AMX - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $12.50 billion for the quarter, compared to analyst estimates of $233.77 billion. America Movil had a return on equity of 12.59% and a net margin of 6.11%. On average, equities research 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 company also recently announced a semi-annual dividend, which was paid on Monday, July 21st. Investors of record on Friday, July 11th were given a $0.2732 dividend. This is an increase from America Movil's previous semi-annual dividend of $0.24. This represents a yield of 300.0%. The ex-dividend date was Friday, July 11th. America Movil's payout ratio is currently 54.26%.

Hedge Funds Weigh In On America Movil

Hedge funds and other institutional investors have recently bought and sold shares of the business. Transce3nd LLC acquired a new stake in America Movil during the 4th quarter valued at approximately $26,000. Hilltop National Bank purchased a new position in shares of America Movil during the second quarter worth $27,000. Advantage Trust Co acquired a new position in America Movil during the second quarter valued at $30,000. Parvin Asset Management LLC purchased a new stake in America Movil in the fourth quarter valued at $39,000. Finally, Garde Capital Inc. purchased a new stake in America Movil in the first quarter valued at $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.