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

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.

Shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Get Free Report) have earned an average rating of "Moderate Buy" from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $18.12.

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

America Movil Stock Up 1.1%

AMX opened at $19.07 on Friday. America Movil has a 12 month low of $13.10 and a 12 month high of $19.30. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.75 and a quick ratio of 0.70. The stock has a market cap of $57.59 billion, a P/E ratio of 20.29 and a beta of 0.80. The stock's 50 day moving average price is $17.83 and its 200 day moving average price is $16.29.

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 the consensus estimate of $0.49 by ($0.11). The business had revenue of $12.50 billion during the quarter, compared to analyst estimates 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 predict that America Movil will post 1.51 earnings per share for the current year.

America Movil Increases Dividend

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

Institutional Investors Weigh In On America Movil

Large investors have recently modified their holdings of the stock. Bank of America Corp DE boosted its position in shares of 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 worth $146,191,000 after buying an additional 7,519,147 shares during the period. Boston Partners boosted its position in shares of 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 buying an additional 4,063,982 shares during the period. Lazard Asset Management LLC boosted its position in shares of America Movil by 12.6% in the fourth quarter. Lazard Asset Management LLC now owns 14,089,624 shares of the Wireless communications provider's stock worth $201,621,000 after buying an additional 1,571,290 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of America Movil in the fourth quarter worth $16,791,000. Finally, Millennium Management LLC boosted its position in shares of America Movil by 279.3% in the first quarter. Millennium Management LLC now owns 1,447,032 shares of the Wireless communications provider's stock worth $20,577,000 after buying an additional 1,065,538 shares during the period. 6.30% of the stock is owned by institutional investors.

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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