America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Stock Has Average Target Price of $29.43

Key Points

• Analyst consensus is “Moderate Buy” among nine firms: four rate the stock Buy, two Strong Buy, and three Hold. Their average 12-month price target is $29.43.
• Recent rating changes were mixed: JPMorgan upgraded AMX to Overweight and raised its target to $32, while UBS cut its target to $31 but maintained a Buy rating; other firms also made differing rating adjustments.
• America Movil declared a special dividend of $0.2886 per share, payable November 18 to shareholders of record November 10. Shares opened at $26.05 and had a 52-week range of $19.70 to $28.46.

Shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Get Free Report) have been given an average recommendation of "Moderate Buy" by the nine research firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $29.43.

Several research analysts have commented on AMX shares. Zacks Research raised shares of America Movil from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 22nd. JPMorgan Chase & Co. raised shares of America Movil from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $30.00 to $32.00 in a research note on Tuesday, August 18th. Wall Street Zen cut shares of America Movil from a "buy" rating to a "hold" rating in a research note on Saturday, October 24th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of America Movil in a report on Thursday, August 13th. Finally, UBS Group decreased their target price on shares of America Movil from $32.50 to $31.00 and set a "buy" rating on the stock in a research report on Thursday, October 22nd.

America Movil Stock Performance

Shares of NYSE AMX opened at $26.05 on Tuesday. The stock's 50-day moving average is $23.03 and its 200 day moving average is $24.49. The stock has a market cap of $78.29 billion, a price-to-earnings ratio of 15.06, a P/E/G ratio of 1.33 and a beta of 0.58. America Movil has a 1-year low of $19.70 and a 1-year high of $28.46. The company has a current ratio of 0.71, a quick ratio of 0.66 and a debt-to-equity ratio of 0.90.

America Movil Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Tuesday, November 10th will be given a dividend of $0.2886 per share. The ex-dividend date is Tuesday, November 10th. America Movil's dividend payout ratio is presently 34.10%.

Institutional Investors Weigh In On America Movil

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Trust Co. of Vermont bought a new position in America Movil during the 2nd quarter worth approximately $39,000. Financial Freedom LLC purchased a new position in America Movil in the 3rd quarter worth approximately $36,000. Integrated Wealth Concepts LLC purchased a new position in America Movil in the 2nd quarter worth approximately $82,000. GAMMA Investing LLC bought a new stake in America Movil in the third quarter valued at approximately $68,000. Finally, TD Waterhouse Canada Inc. bought a new stake in America Movil in the third quarter valued at approximately $75,000. Institutional investors own 6.30% of the company's stock.

About America Movil

América Móvil is a telecommunications company headquartered in Mexico City. Established in 2000, it grew from the wireless operations of Telmex and has expanded across the Americas and Europe.

The company provides mobile and fixed-line voice services, broadband internet, pay television and data services to residential, business and government customers. It also offers enterprise connectivity and related technology services.

América Móvil operates under brands that include Telcel in Mexico, Claro in many Latin American markets and A1 in parts of Europe.

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