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

Key Points

• Analysts have a “Moderate Buy” consensus on America Movil, with four buy ratings, four holds and one strong buy. The average 12-month price target is $29.52, above the stock’s $22.45 opening price.
• Recent research was generally positive: JPMorgan upgraded the shares to “overweight” with a $32 target, Santander raised its rating to “outperform,” and New Street Research maintained a “buy” rating with a $35 target.
• America Movil reported quarterly earnings of $0.46 per share on $13.78 billion in revenue and recently paid a special dividend of $0.3078 per share. Institutional investors own approximately 6.3% of the company.

Shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the nine analysts that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $29.5167.

AMX has been the subject of a number of research analyst reports. Wall Street Zen lowered America Movil from a "strong-buy" rating to a "buy" rating in a research report on Monday, July 20th. JPMorgan Chase & Co. upgraded America Movil from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $30.00 to $32.00 in a report on Tuesday, August 18th. Santander raised America Movil from a "neutral" rating to an "outperform" rating in a research note on Thursday, August 13th. Scotiabank decreased their price objective on America Movil from $21.80 to $20.80 and set a "sector perform" rating for the company in a report on Wednesday, May 27th. Finally, New Street Research reaffirmed a "buy" rating and set a $35.00 target price on shares of America Movil in a research report on Wednesday, June 17th.

Hedge Funds Weigh In On America Movil

Several institutional investors have recently bought and sold shares of AMX. Corient Private Wealth LLC grew its holdings in shares of America Movil by 0.7% during the fourth quarter. Corient Private Wealth LLC now owns 66,920 shares of the Wireless communications provider's stock worth $1,383,000 after purchasing an additional 468 shares in the last quarter. Checchi Capital Advisers LLC raised its stake in America Movil by 5.1% in the first quarter. Checchi Capital Advisers LLC now owns 10,290 shares of the Wireless communications provider's stock valued at $262,000 after purchasing an additional 503 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in America Movil by 23.4% in the first quarter. EverSource Wealth Advisors LLC now owns 3,896 shares of the Wireless communications provider's stock valued at $99,000 after purchasing an additional 739 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in America Movil by 3.0% during the first quarter. PNC Financial Services Group Inc. now owns 26,009 shares of the Wireless communications provider's stock valued at $663,000 after purchasing an additional 759 shares during the last quarter. Finally, Genus Capital Management Inc. lifted its position in America Movil by 7.1% during the fourth quarter. Genus Capital Management Inc. now owns 15,079 shares of the Wireless communications provider's stock valued at $312,000 after purchasing an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 6.30% of the company's stock.

America Movil Stock Up 0.1%

Shares of NYSE AMX opened at $22.45 on Monday. The company has a quick ratio of 0.66, a current ratio of 0.71 and a debt-to-equity ratio of 0.90. The firm has a market cap of $67.48 billion, a PE ratio of 13.53, a P/E/G ratio of 1.14 and a beta of 0.62. The company's fifty day simple moving average is $24.14 and its 200 day simple moving average is $25.19. America Movil has a 12-month low of $19.70 and a 12-month high of $28.46.

America Movil (NYSE:AMX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 1st. The Wireless communications provider reported $0.46 earnings per share for the quarter. The firm had revenue of $13.78 billion for the quarter. America Movil had a net margin of 9.38% and a return on equity of 20.33%. As a group, sell-side analysts forecast that America Movil will post 1.9 earnings per share for the current fiscal year.

America Movil Announces Dividend

The firm also recently declared a special dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 14th were paid a dividend of $0.3078 per share. The ex-dividend date was Tuesday, July 14th. America Movil's payout ratio is 35.54%.

America Movil Company Profile

América Móvil, SAB. de C.V. is a telecommunications company headquartered in Mexico City. It provides wireless and fixed-line voice services, mobile and fixed broadband, pay television, data transmission, information technology, and other digital communications services to consumers, businesses, and government customers.

The company operates primarily through the Telcel brand in Mexico and the Claro brand across much of Latin America and the Caribbean. Its operations also include services in the United States through TracFone Wireless and telecommunications businesses in Europe through its participation in Telekom Austria Group.

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