America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

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 an average rating of "Moderate Buy" by the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $18.7667.

A number of research analysts have issued reports on AMX shares. JPMorgan Chase & Co. raised shares of America Movil from an "underweight" rating to a "neutral" rating and increased their target price for the company from $15.00 to $21.00 in a report on Friday, August 8th. Wall Street Zen raised shares of America Movil from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. UBS Group increased their target price on shares of America Movil from $20.40 to $21.10 and gave the company a "neutral" rating in a report on Monday, July 28th. Finally, Citigroup downgraded America Movil from a "buy" rating to a "neutral" rating and lifted their price objective for the stock from $20.00 to $22.00 in a research report on Wednesday, September 10th.

America Movil Stock Performance

NYSE:AMX traded up $0.11 during mid-day trading on Thursday, reaching $20.45. The stock had a trading volume of 1,626,313 shares, compared to its average volume of 1,889,579. America Movil has a twelve month low of $13.10 and a twelve month high of $20.55. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.70 and a current ratio of 0.75. The firm has a market capitalization of $61.76 billion, a price-to-earnings ratio of 21.76 and a beta of 0.85. The business has a 50 day simple moving average of $18.79 and a 200 day simple moving average of $17.06.

America Movil (NYSE:AMX - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The Wireless communications provider reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by ($0.11). America Movil had a net margin of 6.11% and a return on equity of 12.59%. The company had revenue of $12.50 billion during the quarter, compared to analysts' expectations of $233.77 billion. On average, analysts expect that America Movil will post 1.51 earnings per share for the current fiscal year.

America Movil Increases Dividend

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

Hedge Funds Weigh In On America Movil

A number of institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. raised its holdings in shares of America Movil by 43.3% in the second quarter. Osaic Holdings Inc. now owns 42,231 shares of the Wireless communications provider's stock worth $737,000 after acquiring an additional 12,767 shares during the last quarter. Geneos Wealth Management Inc. purchased a new stake in America Movil in the 2nd quarter worth approximately $54,000. Rexford Capital Inc. purchased a new stake in America Movil in the 2nd quarter worth approximately $198,000. Evergreen Capital Management LLC purchased a new stake in America Movil in the 2nd quarter worth approximately $746,000. Finally, Tower Research Capital LLC TRC purchased a new stake in America Movil in the 2nd quarter worth approximately $145,000. 6.30% of the stock is owned by institutional investors and hedge funds.

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.