Banque Cantonale Vaudoise Acquires Shares of 45,300 America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX)

Key Points

• Banque Cantonale Vaudoise acquired 45,300 shares of America Movil valued at approximately $644,000, marking an increase in institutional investment in the company.
• Wall Street analysts have upgraded their ratings for America Movil, with reports moving from a "hold" to a "buy" rating, and a price target increase from $15.50 to $17.50.
• America Movil recently declared a semi-annual dividend of $0.2732, up from the previous $0.24, representing a significant dividend yield of 300.0%.

Banque Cantonale Vaudoise acquired a new stake in America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 45,300 shares of the Wireless communications provider's stock, valued at approximately $644,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMX. Transce3nd LLC acquired a new position in America Movil in the 4th quarter valued at $26,000. Parvin Asset Management LLC bought a new position in shares of America Movil in the 4th quarter valued at $39,000. Garde Capital Inc. bought a new position in shares of America Movil in the 1st quarter valued at $40,000. Farther Finance Advisors LLC increased its stake in shares of America Movil by 21.9% in the 1st quarter. Farther Finance Advisors LLC now owns 3,813 shares of the Wireless communications provider's stock valued at $55,000 after purchasing an additional 685 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of America Movil in the 4th quarter valued at $74,000. 6.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AMX shares. Wall Street Zen upgraded America Movil from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Hsbc Global Res upgraded America Movil from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. HSBC upgraded America Movil from a "hold" rating to a "buy" rating and lifted their price target for the company from $15.50 to $17.50 in a research note on Monday, April 14th. Finally, UBS Group lifted their price target on America Movil from $20.40 to $21.10 and gave the company a "neutral" rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $16.92.

America Movil Trading Down 0.7%

Shares of AMX stock opened at $17.94 on Friday. The firm has a market capitalization of $54.45 billion, a P/E ratio of 19.09 and a beta of 0.80. America Movil, S.A.B. de C.V. Unsponsored ADR has a twelve month low of $13.10 and a twelve month high of $18.51. The company has a quick ratio of 0.66, a current ratio of 0.75 and a debt-to-equity ratio of 1.02. The stock's fifty day simple moving average is $17.51 and its 200 day simple moving average is $15.95.

America Movil (NYSE:AMX - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The Wireless communications provider reported $0.38 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.11). America Movil had a return on equity of 12.59% and a net margin of 6.11%. The firm had revenue of $12.50 billion for the quarter, compared to the consensus estimate of $233.77 billion. As a group, sell-side analysts predict that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 EPS for the current fiscal year.

America Movil Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, July 21st. Shareholders of record on Friday, July 11th were given a $0.2732 dividend. This is a boost from America Movil's previous semi-annual dividend of $0.24. The ex-dividend date was Friday, July 11th. This represents a dividend yield of 300.0%. America Movil's dividend payout ratio is presently 54.26%.

America Movil 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.

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