America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Receives $16.78 Average PT from Brokerages

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $16.78.

Several brokerages have recently weighed in on AMX. HSBC raised shares of America Movil from a "hold" rating to a "buy" rating and upped their price target for the stock from $15.50 to $17.50 in a research report on Monday, April 14th. UBS Group lifted their price target on America Movil from $19.60 to $20.40 and gave the company a "neutral" rating in a report on Wednesday, July 9th. Hsbc Global Res upgraded America Movil from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. Finally, Wall Street Zen upgraded shares of America Movil from a "hold" rating to a "buy" rating in a report on Saturday, July 12th.

Hedge Funds Weigh In On America Movil

Several hedge funds have recently modified their holdings of the stock. Sequoia Financial Advisors LLC increased its holdings in shares of America Movil by 28.0% during the second quarter. Sequoia Financial Advisors LLC now owns 19,177 shares of the Wireless communications provider's stock valued at $344,000 after acquiring an additional 4,199 shares in the last quarter. Lester Murray Antman dba SimplyRich acquired a new position in America Movil in the 2nd quarter worth approximately $209,000. Hilltop National Bank acquired a new position in America Movil in the 2nd quarter worth approximately $27,000. Janney Montgomery Scott LLC increased its holdings in America Movil by 10.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 12,303 shares of the Wireless communications provider's stock worth $221,000 after buying an additional 1,134 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in America Movil in the 2nd quarter worth approximately $82,000. Institutional investors and hedge funds own 6.30% of the company's stock.

America Movil Trading Up 0.7%

Shares of NYSE AMX traded up $0.14 during trading hours on Wednesday, reaching $18.48. The stock had a trading volume of 1,118,156 shares, compared to its average volume of 1,497,109. America Movil has a 52-week low of $13.10 and a 52-week high of $18.51. The firm has a market cap of $56.07 billion, a price-to-earnings ratio of 19.65, a P/E/G ratio of 1.12 and a beta of 0.79. The business's fifty day moving average price is $17.44 and its two-hundred day moving average price is $15.82. The company has a current ratio of 0.71, a quick ratio of 0.66 and a debt-to-equity ratio of 1.05.

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 for the quarter, missing the consensus estimate 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 12.60% and a net margin of 6.11%. Analysts expect that America Movil will post 1.51 EPS for the current fiscal 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 issued a $0.2732 dividend. This represents a yield of 3%. The ex-dividend date was Friday, July 11th. This is an increase from America Movil's previous semi-annual dividend of $0.24. America Movil's dividend payout ratio (DPR) is currently 54.26%.

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.