América Móvil - AMX Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for América Móvil in the last year. There are currently 1 sell rating, 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AMX shares.
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6 brokers have issued 12 month price targets for América Móvil's stock. Their AMX share price forecasts range from $19.00 to $24.00. On average, they anticipate the company's share price to reach $21.70 in the next year. This suggests a possible upside of 1.7% from the stock's current price.
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América Móvil's stock was trading at $18.20 at the beginning of 2023. Since then, AMX shares have increased by 17.3% and is now trading at $21.34.
View the best growth stocks for 2023 here.

América Móvil saw a drop in short interest in February. As of February 28th, there was short interest totaling 8,720,000 shares, a drop of 7.4% from the February 13th total of 9,420,000 shares. Based on an average trading volume of 1,660,000 shares, the days-to-cover ratio is presently 5.3 days. Currently, 0.4% of the company's shares are short sold.
View América Móvil's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 25th 2023.
View our AMX earnings forecast.

América Móvil, S.A.B. de C.V. (NYSE:AMX) issued its quarterly earnings results on Monday, July, 12th. The Wireless communications provider reported $0.64 EPS for the quarter, topping the consensus estimate of $0.36 by $0.28. The Wireless communications provider had revenue of $12.61 billion for the quarter, compared to analyst estimates of $12.16 billion. América Móvil had a trailing twelve-month return on equity of 18.55% and a net margin of 8.82%.

América Móvil announced a semi-annual dividend on Friday, August 12th. Investors of record on Friday, August 26th will be given a dividend of $0.1964 per share on Tuesday, September 6th. This represents a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, August 25th.
Read our dividend analysis for AMX.

ETFs with the largest weight of América Móvil (NYSE:AMX) stock in their portfolio include AdvisorShares Dorsey Wright ADR ETF (AADR), Direxion Work From Home ETF (WFH), Amplify International Enhanced Dividend Income ETF (IDVO), Invesco International Dividend Achievers ETF (PID), Dimensional Emerging Markets High Profitability ETF (DEHP), Avantis Emerging Markets Value ETF (AVES), Dimensional Emerging Markets Core Equity 2 ETF (DFEM) and Avantis Emerging Markets Equity ETF (AVEM).

América Móvil (NYSE:AMX) pays an annual dividend of $0.57 per share and currently has a dividend yield of 2.76%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 48.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AMX will have a dividend payout ratio of 36.54% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AMX.

15 employees have rated América Móvil Chief Executive Officer Daniel Hajj Aboumrad on Glassdoor.com. Daniel Hajj Aboumrad has an approval rating of 93% among the company's employees. This puts Daniel Hajj Aboumrad in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other América Móvil investors own include AT&T (T), Energy Transfer (ET), Intel (INTC), Pfizer (PFE), Alnylam Pharmaceuticals (ALNY), Ford Motor (F), Walt Disney (DIS), NVIDIA (NVDA), Activision Blizzard (ATVI) and Citigroup (C).

América Móvil trades on the New York Stock Exchange (NYSE) under the ticker symbol "AMX."

América Móvil's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Westwood Global Investments LLC (0.49%), Moneta Group Investment Advisors LLC (0.35%), Northcape Capital Pty Ltd (0.34%), Allspring Global Investments Holdings LLC (0.30%), Lazard Asset Management LLC (0.30%) and Bank of America Corp DE (0.18%).
View institutional ownership trends.

Shares of AMX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AMX stock can currently be purchased for approximately $21.34.

América Móvil (NYSE:AMX) has a market capitalization of $67.86 billion and generates $42.01 billion in revenue each year. The Wireless communications provider earns $3.88 billion in net income (profit) each year or $1.17 on an earnings per share basis.

The company employs 181,205 workers across the globe.

América Móvil's mailing address is LAGO ZURICH 245 COLONIA GRANADA AMPLIACION, Mexico City O5, 11529. The official website for the company is www.americamovil.com. The Wireless communications provider can be reached via phone at 525525813700, via email at investor.relations@americamovil.com, or via fax at 52-55-2581-4422.