America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) have received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $21.7333.

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of America Movil from $21.00 to $23.50 and gave the stock a “neutral” rating in a report on Monday, October 20th. Scotiabank boosted their price objective on shares of America Movil from $17.10 to $19.50 and gave the stock a “sector perform” rating in a research note on Thursday, October 16th. Citigroup downgraded America Movil from a “buy” rating to a “neutral” rating and increased their price objective for the company from $20.00 to $22.00 in a report on Wednesday, September 10th. Wall Street Zen raised America Movil from a “hold” rating to a “buy” rating in a report on Saturday, July 12th. Finally, Zacks Research upgraded America Movil from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd.

America Movil Trading Down 0.1%

Shares of AMX stock opened at $22.61 on Friday. America Movil has a twelve month low of $13.10 and a twelve month high of $23.61. The stock’s fifty day simple moving average is $21.10 and its 200 day simple moving average is $18.89. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $68.15 billion, a P/E ratio of 18.38 and a beta of 0.88.

America Movil (NYSE:AMX) last announced its quarterly earnings results on Wednesday, October 15th. The Wireless communications provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. America Movil had a return on equity of 16.59% and a net margin of 7.87%.The firm had revenue of $12.71 billion for the quarter, compared to analyst estimates of $235.15 billion. As a group, sell-side analysts predict that America Movil will post 1.51 EPS for the current fiscal year.

America Movil Announces Dividend

The business also recently announced a special dividend, which will be paid on Monday, November 17th. Investors of record on Friday, November 7th will be issued a $0.2811 dividend. The ex-dividend date is Friday, November 7th. America Movil’s dividend payout ratio is presently 64.23%.

Institutional Investors Weigh In On America Movil

A number of institutional investors have recently modified their holdings of the company. Hilltop National Bank acquired a new stake in shares of America Movil during the second quarter worth $27,000. Advantage Trust Co bought a new stake in America Movil during the second quarter valued at $30,000. Trust Co. of Vermont acquired a new stake in America Movil during the 3rd quarter worth about $31,000. EverSource Wealth Advisors LLC raised its position in shares of America Movil by 142.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock worth $38,000 after acquiring an additional 1,235 shares in the last quarter. Finally, Maseco LLP bought a new position in shares of America Movil in the 2nd quarter worth about $54,000. 6.30% of the stock is owned by institutional investors.

America Movil Company 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.