America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Receives $28.16 Consensus PT from Analysts

Shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) have been assigned a consensus rating of “Hold” from the ten ratings firms that are currently covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $28.1571.

A number of equities research analysts recently issued reports on the stock. Scotiabank lowered their target price on shares of America Movil from $21.80 to $20.80 and set a “sector perform” rating for the company in a report on Wednesday, May 27th. JPMorgan Chase & Co. increased their price target on shares of America Movil from $24.50 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. New Street Research reiterated a “buy” rating and issued a $35.00 price target on shares of America Movil in a report on Wednesday, June 17th. Wall Street Zen raised shares of America Movil from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Finally, The Goldman Sachs Group assumed coverage on America Movil in a report on Monday, May 18th. They set a “buy” rating and a $31.80 price objective for the company.

Hedge Funds Weigh In On America Movil

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Camelot Portfolios LLC purchased a new stake in America Movil during the 4th quarter worth $31,000. Atlas Capital Advisors Inc. acquired a new position in America Movil in the 4th quarter worth $37,000. EverSource Wealth Advisors LLC boosted its position in 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 valued at $38,000 after buying an additional 1,235 shares during the last quarter. Beacon Financial Strategies CORP purchased a new position in America Movil in the 4th quarter valued at about $43,000. Finally, Arax Advisory Partners grew its stake in shares of America Movil by 34.0% during the fourth quarter. Arax Advisory Partners now owns 2,412 shares of the Wireless communications provider’s stock valued at $50,000 after acquiring an additional 612 shares in the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

America Movil Stock Performance

Shares of AMX opened at $26.20 on Wednesday. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.97. The stock has a market cap of $78.85 billion, a P/E ratio of 16.68, a PEG ratio of 0.83 and a beta of 0.66. The company has a 50-day moving average of $26.25 and a two-hundred day moving average of $24.47. America Movil has a 12-month low of $16.92 and a 12-month high of $28.46.

America Movil (NYSE:AMX) last released its quarterly earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 earnings per share for the quarter. America Movil had a return on equity of 19.77% and a net margin of 9.23%.The company had revenue of $13.24 billion during the quarter. As a group, research analysts predict that America Movil will post 1.91 EPS for the current fiscal year.

America Movil Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th will be paid a $0.3078 dividend. The ex-dividend date of this dividend is Tuesday, July 14th. America Movil’s payout ratio is currently 37.58%.

About America Movil

América Móvil is a Mexican telecommunications company headquartered in Mexico City that provides a broad range of communications services. Established in the early 2000s out of the expansion of the Slim family’s telecommunications holdings, the company is a major provider of mobile and fixed-line telephony, broadband internet and pay-television services in the region. Its operations span retail consumer services as well as wholesale and enterprise solutions, positioning it as an integrated communications provider across multiple customer segments.

The company markets services under several regional brands—most notably Telcel in Mexico and Claro across many Latin American markets—and offers both prepaid and postpaid mobile plans, fixed and mobile broadband, fiber-to-the-home where available, and video/broadcast distribution services.