America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Receives $21.73 Average Target Price from Analysts

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) has been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $21.7333.

AMX has been the subject of a number of recent analyst reports. The Goldman Sachs Group set a $24.30 target price on America Movil and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Citigroup cut shares of America Movil from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $20.00 to $22.00 in a research note on Wednesday, September 10th. UBS Group raised their target price on shares of America Movil from $21.10 to $23.60 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of America Movil in a report on Wednesday, October 8th. Finally, Scotiabank boosted their target price on shares of America Movil from $17.10 to $19.50 and gave the stock a “sector perform” rating in a research report on Thursday, October 16th.

America Movil Trading Down 1.1%

Shares of NYSE:AMX opened at $22.89 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $69.01 billion, a PE ratio of 18.61 and a beta of 0.88. America Movil has a 1 year low of $13.10 and a 1 year high of $23.68. The firm has a fifty day moving average price of $22.16 and a 200 day moving average price of $19.59.

America Movil (NYSE:AMX) last announced its quarterly earnings results on Wednesday, October 15th. The Wireless communications provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. The company had revenue of $12.71 billion during the quarter, compared to analysts’ expectations of $235.15 billion. America Movil had a return on equity of 16.59% and a net margin of 7.87%. Analysts expect that America Movil will post 1.51 EPS for the current fiscal year.

America Movil Dividend Announcement

The firm also recently announced a special dividend, which was paid on Monday, November 17th. Investors of record on Friday, November 7th were paid a dividend of $0.2811 per share. The ex-dividend date was Friday, November 7th. America Movil’s dividend payout ratio is presently 44.72%.

Institutional Inflows and Outflows

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

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.