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

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Get Free Report) has earned a consensus rating of "Moderate Buy" from the six brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $16.62.

AMX has been the subject of a number of recent research reports. Hsbc Global Res raised shares of America Movil from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. Wall Street Zen downgraded shares of America Movil from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. HSBC upgraded shares of America Movil from a "hold" rating to a "buy" rating and upped their target price for the company from $15.50 to $17.50 in a research report on Monday, April 14th. Finally, UBS Group set a $19.60 price objective on America Movil in a research note on Wednesday, May 21st.

America Movil Price Performance

Shares of AMX traded up $0.06 during midday trading on Friday, hitting $18.00. 1,006,374 shares of the company traded hands, compared to its average volume of 1,977,897. The stock has a market cap of $54.63 billion, a price-to-earnings ratio of 33.33, a PEG ratio of 1.13 and a beta of 0.79. The firm has a 50 day moving average of $17.23 and a 200-day moving average of $15.39. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.66 and a current ratio of 0.71. America Movil has a 52 week low of $13.10 and a 52 week high of $18.73.

America Movil (NYSE:AMX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.02). America Movil had a net margin of 3.55% and a return on equity of 7.19%. The firm had revenue of $11.36 billion for the quarter, compared to the consensus estimate of $11.28 billion. On average, analysts forecast that America Movil will post 1.51 EPS for the current fiscal year.

America Movil Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, July 21st. Stockholders of record on Friday, July 11th will be paid a $0.2732 dividend. The ex-dividend date of this dividend is Friday, July 11th. This represents a dividend yield of 3%. This is an increase from America Movil's previous semi-annual dividend of $0.24. America Movil's dividend payout ratio is currently 44.44%.

Hedge Funds Weigh In On America Movil

Hedge funds have recently added to or reduced their stakes in the company. Transce3nd LLC purchased a new position in shares of America Movil during the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. purchased a new stake in shares of America Movil in the fourth quarter worth approximately $29,000. Parvin Asset Management LLC bought a new stake in shares of America Movil during the 4th quarter worth approximately $39,000. Garde Capital Inc. purchased a new position in America Movil during the 1st quarter valued at $40,000. Finally, Farther Finance Advisors LLC grew its position in America Movil by 82.5% in the 4th quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider's stock valued at $45,000 after acquiring an additional 1,414 shares during the last quarter. 6.30% of the stock is currently owned by institutional investors.

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.