Brokerages Set America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Price Target at $16.62

Shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Get Free Report) have been assigned an average rating of "Moderate Buy" from the six research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $16.62.

Several research analysts have recently issued reports on the stock. Hsbc Global Res upgraded shares of America Movil from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. HSBC upgraded shares of America Movil from a "hold" rating to a "buy" rating and lifted their price target for the stock from $15.50 to $17.50 in a research note on Monday, April 14th. Wall Street Zen lowered shares of America Movil from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Finally, UBS Group set a $19.60 price target on shares of America Movil in a research note on Wednesday, May 21st.

Hedge Funds Weigh In On America Movil

A number of hedge funds and other institutional investors have recently bought and sold shares of AMX. Brighton Jones LLC purchased a new position in America Movil in the 4th quarter valued at $154,000. Raymond James Financial Inc. purchased a new position in America Movil in the 4th quarter valued at $1,386,000. Generali Investments CEE investicni spolecnost a.s. purchased a new position in America Movil in the 4th quarter valued at $738,000. 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 buying an additional 1,414 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its position in America Movil by 3.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 118,588 shares of the Wireless communications provider's stock valued at $1,697,000 after buying an additional 3,839 shares during the last quarter. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

America Movil Stock Down 0.3%

Shares of NYSE AMX traded down $0.06 during midday trading on Friday, hitting $17.50. The company's stock had a trading volume of 1,359,310 shares, compared to its average volume of 1,975,646. The business's fifty day simple moving average is $17.16 and its two-hundred day simple moving average is $15.34. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.71 and a quick ratio of 0.66. America Movil has a 1 year low of $13.10 and a 1 year high of $18.73. The firm has a market capitalization of $53.12 billion, a price-to-earnings ratio of 32.41, a price-to-earnings-growth ratio of 1.11 and a beta of 0.78.

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

America Movil Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, July 21st. Investors of record on Friday, July 11th will be given a $0.2732 dividend. This represents a yield of 3%. This is a positive change from America Movil's previous semi-annual dividend of $0.24. The ex-dividend date of this dividend is Friday, July 11th. America Movil's dividend payout ratio (DPR) is 44.44%.

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.