America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• America Movil (NYSE:AMX) has received a consensus recommendation of "Moderate Buy" from seven research firms, with a 12-month price target set at $18.77.
• Analysts have shown mixed ratings recently, with UBS raising their target price to $21.10 and Citigroup downgrading from a buy to a neutral rating while increasing their price objective to $22.00.
• The company has also declared a semi-annual dividend increase to $0.2732, representing a significant increase from the previous dividend and a payout ratio of 54.26%.

Shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seven research firms that are covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $18.7667.

Several analysts have recently issued reports on AMX shares. UBS Group upped their target price 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. JPMorgan Chase & Co. upgraded shares of America Movil from an "underweight" rating to a "neutral" rating and boosted their price objective for the company from $15.00 to $21.00 in a research report on Friday, August 8th. Citigroup downgraded shares of America Movil from a "buy" rating to a "neutral" rating and raised their price objective for the stock from $20.00 to $22.00 in a research note on Wednesday. Finally, Wall Street Zen raised America Movil from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th.

Institutional Trading of America Movil

Several institutional investors and hedge funds have recently made changes to their positions in AMX. Hilltop National Bank bought a new position in America Movil during the 2nd quarter worth about $27,000. Advantage Trust Co purchased a new position in shares of America Movil in the 2nd quarter valued at $30,000. EverSource Wealth Advisors LLC boosted its position in America Movil by 142.3% during the second quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider's stock valued at $38,000 after purchasing an additional 1,235 shares in the last quarter. Garde Capital Inc. bought a new position in America Movil in the first quarter worth about $40,000. Finally, Maseco LLP bought a new position in shares of America Movil during the 2nd quarter worth approximately $54,000. 6.30% of the stock is currently owned by institutional investors.

America Movil Stock Up 0.0%

Shares of AMX stock opened at $19.77 on Thursday. The stock has a market cap of $59.69 billion, a P/E ratio of 21.03 and a beta of 0.86. The company's fifty day simple moving average is $18.67 and its two-hundred day simple moving average is $16.91. The company has a quick ratio of 0.70, a current ratio of 0.75 and a debt-to-equity ratio of 1.02. America Movil has a 52 week low of $13.10 and a 52 week high of $20.31.

America Movil (NYSE:AMX - Get Free Report) last posted its 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 during the quarter, compared to analysts' expectations of $233.77 billion. America Movil had a return on equity of 12.59% and a net margin of 6.11%. Analysts predict that America Movil will post 1.51 EPS for the current fiscal year.

America Movil Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, July 21st. Investors of record on Friday, July 11th were issued a $0.2732 dividend. The ex-dividend date was Friday, July 11th. This is a positive change from America Movil's previous semi-annual dividend of $0.24. This represents a dividend yield of 300.0%. America Movil's dividend payout ratio (DPR) is presently 54.26%.

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.

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