America Movil (NYSE:AMX) Reaches New 52-Week High - What's Next?

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.

Shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $18.71 and last traded at $18.61, with a volume of 239874 shares changing hands. The stock had previously closed at $18.19.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AMX shares. HSBC raised shares of America Movil from a "hold" rating to a "buy" rating and boosted their price target for the company from $15.50 to $17.50 in a research report on Monday, April 14th. UBS Group boosted their price target on shares of America Movil from $20.40 to $21.10 and gave the company a "neutral" rating in a research report on Monday, July 28th. Hsbc Global Res raised shares of America Movil from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. Wall Street Zen raised shares of America Movil from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. Finally, JPMorgan Chase & Co. raised shares of America Movil from an "underweight" rating to a "neutral" rating and boosted their price target for the company from $15.00 to $21.00 in a research report on Friday. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, America Movil currently has a consensus rating of "Moderate Buy" and an average target price of $18.12.

America Movil Stock Performance

The stock has a market capitalization of $57.59 billion, a PE ratio of 20.29 and a beta of 0.80. The firm's fifty day moving average is $17.62 and its 200-day moving average is $16.12. The company has a current ratio of 0.75, a quick ratio of 0.70 and a debt-to-equity ratio of 1.02.

America Movil (NYSE:AMX - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The Wireless communications provider reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.11). The company had revenue of $12.50 billion during the quarter, compared to analysts' expectations of $233.77 billion. America Movil had a net margin of 6.11% and a return on equity of 12.59%. As a group, research analysts anticipate 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 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 dividend of $0.2732 per share. This represents a yield of 300.0%. This is a boost from America Movil's previous semi-annual dividend of $0.24. The ex-dividend date was Friday, July 11th. America Movil's payout ratio is currently 54.26%.

Institutional Trading of America Movil

Institutional investors and hedge funds have recently bought and sold shares of the business. Transce3nd LLC acquired a new position in shares of America Movil during the fourth quarter worth about $26,000. Hilltop National Bank purchased a new stake in shares of America Movil in the second quarter valued at about $27,000. Advantage Trust Co purchased a new position in America Movil in the second quarter worth $30,000. Parvin Asset Management LLC purchased a new position in America Movil in the fourth quarter worth $39,000. Finally, Garde Capital Inc. purchased a new position in shares of America Movil in the first quarter valued at $40,000. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

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.