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

Several other hedge funds have also recently added to or reduced their stakes in AMX. Bank of America Corp DE raised its stake in shares of America Movil by 278.8% in the 4th quarter. Bank of America Corp DE now owns 10,216,018 shares of the Wireless communications provider's stock worth $146,191,000 after buying an additional 7,519,147 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of America Movil by 12.6% in the 4th quarter. Lazard Asset Management LLC now owns 14,089,624 shares of the Wireless communications provider's stock worth $201,621,000 after buying an additional 1,571,290 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of America Movil in the 4th quarter worth $16,791,000. Wellington Management Group LLP bought a new stake in shares of America Movil in the 4th quarter worth $15,149,000. Finally, Teacher Retirement System of Texas raised its stake in shares of America Movil by 93.0% in the 1st quarter. Teacher Retirement System of Texas now owns 1,585,100 shares of the Wireless communications provider's stock worth $22,540,000 after buying an additional 764,000 shares in the last quarter. Institutional investors own 6.30% of the company's stock.

Analyst Upgrades and Downgrades

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

America Movil Stock Down 0.3%

NYSE AMX traded down $0.06 during trading on Wednesday, reaching $18.14. 1,636,101 shares of the company's stock were exchanged, compared to its average volume of 2,197,248. America Movil, S.A.B. de C.V. Unsponsored ADR has a fifty-two week low of $13.10 and a fifty-two week high of $18.71. The firm has a market capitalization of $55.04 billion, a PE ratio of 19.27 and a beta of 0.80. The company has a current ratio of 0.75, a quick ratio of 0.70 and a debt-to-equity ratio of 1.02. The company's fifty day simple moving average is $17.53 and its 200-day simple moving average is $16.02.

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

America Movil Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, July 21st. Stockholders of record on Friday, July 11th were paid a dividend of $0.2732 per share. 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 currently 54.26%.

About America Movil

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.