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

Key Points

• America Móvil has a “Moderate Buy” consensus rating from 10 analysts: five recommend holding, four recommend buying, and one rates it a strong buy. The average 12-month price target is $28.44, above the reported $23.65 opening price.
• The company reported quarterly earnings of $0.46 per share on $13.78 billion in revenue, with a 20.33% return on equity and a 9.38% net margin. Analysts expect full-year earnings of approximately $1.90 per share.
• America Móvil recently paid a $0.3078 special dividend, while institutional investors own 6.3% of the company and several major funds increased their positions.

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the ten ratings firms that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $28.4429.

AMX has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of America Movil in a research note on Thursday, August 13th. New Street Research reiterated a "buy" rating and issued a $35.00 target price on shares of America Movil in a report on Wednesday, June 17th. Wall Street Zen downgraded America Movil from a "strong-buy" rating to a "buy" rating in a research note on Monday, July 20th. Scotiabank reduced their target price on America Movil from $21.80 to $20.80 and set a "sector perform" rating on the stock in a report on Wednesday, May 27th. Finally, Santander raised America Movil from a "neutral" rating to an "outperform" rating in a research note on Thursday, August 13th.

America Movil Stock Down 0.4%

Shares of AMX opened at $23.65 on Thursday. The business's fifty day moving average price is $25.19 and its two-hundred day moving average price is $25.32. The firm has a market capitalization of $71.07 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 1.21 and a beta of 0.65. America Movil has a 52 week low of $19.38 and a 52 week high of $28.46. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.66 and a current ratio of 0.71.

America Movil (NYSE:AMX - Get Free Report) last released its earnings results on Wednesday, July 1st. The Wireless communications provider reported $0.46 earnings per share for the quarter. The company had revenue of $13.78 billion during the quarter. America Movil had a return on equity of 20.33% and a net margin of 9.38%. On average, analysts predict that America Movil will post 1.9 earnings per share for the current year.

America Movil Announces Dividend

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

Institutional Trading of America Movil

Several hedge funds and other institutional investors have recently modified their holdings of AMX. Brighton Jones LLC bought a new stake in shares of America Movil in the fourth quarter valued at about $154,000. Royal Bank of Canada boosted its position in America Movil by 16.9% during the 1st quarter. Royal Bank of Canada now owns 375,504 shares of the Wireless communications provider's stock worth $5,339,000 after acquiring an additional 54,152 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of America Movil by 2,189.8% in the first quarter. Jones Financial Companies Lllp now owns 23,241 shares of the Wireless communications provider's stock valued at $330,000 after purchasing an additional 22,226 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of America Movil by 15.2% in the first quarter. Goldman Sachs Group Inc. now owns 778,584 shares of the Wireless communications provider's stock worth $11,071,000 after purchasing an additional 102,545 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of America Movil by 9.5% in the first quarter. Jane Street Group LLC now owns 50,584 shares of the Wireless communications provider's stock worth $719,000 after purchasing an additional 4,373 shares in the last quarter. Institutional investors and hedge funds own 6.30% of the company's stock.

About America Movil

América Móvil is a Mexican telecommunications company headquartered in Mexico City that provides a broad range of communications services. Established in the early 2000s out of the expansion of the Slim family's telecommunications holdings, the company is a major provider of mobile and fixed-line telephony, broadband internet and pay-television services in the region. Its operations span retail consumer services as well as wholesale and enterprise solutions, positioning it as an integrated communications provider across multiple customer segments.

The company markets services under several regional brands—most notably Telcel in Mexico and Claro across many Latin American markets—and offers both prepaid and postpaid mobile plans, fixed and mobile broadband, fiber-to-the-home where available, and video/broadcast distribution services.

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