Analysts Set America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Target Price at $18.12

Key Points

• America Movil, S.A.B. de C.V. Unsponsored ADR has received an average rating of “Moderate Buy” from six brokerage firms, with a price target of $18.12.
• The company recently announced a semi-annual dividend increase to $0.2732 per share, representing a significant boost from the previous $0.24 and a yield of 300.0%.
• Equity analysts have upgraded their ratings for America Movil, including UBS and JPMorgan, with JPMorgan raising their price target to $21.00.

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $18.12.

AMX has been the topic of a number of recent research reports. Wall Street Zen raised America Movil from a "hold" rating to a "buy" rating in a research report on Saturday, July 12th. UBS Group upped their price objective on shares of America Movil from $20.40 to $21.10 and gave the stock a "neutral" rating in a research note on Monday, July 28th. Finally, JPMorgan Chase & Co. raised shares of America Movil from an "underweight" rating to a "neutral" rating and raised their target price for the company from $15.00 to $21.00 in a research report on Friday, August 8th.

Institutional Trading of America Movil

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Lazard Asset Management LLC lifted its stake in shares of America Movil by 5.4% during the 2nd quarter. Lazard Asset Management LLC now owns 16,272,887 shares of the Wireless communications provider's stock worth $291,934,000 after purchasing an additional 832,787 shares during the last quarter. Bank of America Corp DE grew its stake in America Movil by 278.8% in the fourth quarter. Bank of America Corp DE now owns 10,216,018 shares of the Wireless communications provider's stock valued at $146,191,000 after purchasing an additional 7,519,147 shares during the last quarter. Boston Partners raised its holdings in America Movil by 6,421.7% in the second quarter. Boston Partners now owns 4,127,267 shares of the Wireless communications provider's stock worth $74,043,000 after purchasing an additional 4,063,982 shares in the last quarter. Brandes Investment Partners LP lifted its position in shares of America Movil by 2.5% during the second quarter. Brandes Investment Partners LP now owns 3,047,720 shares of the Wireless communications provider's stock valued at $54,676,000 after buying an additional 74,068 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in shares of America Movil by 1.7% during the fourth quarter. First Trust Advisors LP now owns 2,999,200 shares of the Wireless communications provider's stock valued at $42,919,000 after buying an additional 48,849 shares during the last quarter. Institutional investors own 6.30% of the company's stock.

America Movil Trading Up 1.5%

Shares of America Movil stock traded up $0.2850 on Friday, hitting $19.3850. 2,785,450 shares of the company traded hands, compared to its average volume of 1,809,451. The company has a current ratio of 0.75, a quick ratio of 0.70 and a debt-to-equity ratio of 1.02. The company has a market cap of $58.54 billion, a PE ratio of 20.62 and a beta of 0.80. The stock's 50 day moving average price is $18.00 and its 200-day moving average price is $16.41. America Movil has a 52 week low of $13.10 and a 52 week high of $19.43.

America Movil (NYSE:AMX - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The Wireless communications provider reported $0.38 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.11). The firm had revenue of $12.50 billion for 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%. Equities research analysts predict that America Movil will post 1.51 EPS for the current year.

America Movil Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, July 21st. Investors of record on Friday, July 11th were paid a $0.2732 dividend. This represents a 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%.

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.