America Movil SAB de CV ADR Series L (AMX) Upgraded to “Outperform” by UBS Group

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UBS Group upgraded shares of America Movil SAB de CV ADR Series L (NYSE:AMX) from a market perform rating to an outperform rating in a research note released on Friday morning, The Fly reports.

Other analysts have also recently issued reports about the stock. ValuEngine cut shares of America Movil SAB de CV ADR Series L from a hold rating to a sell rating in a research note on Wednesday, October 3rd. Bank of America upped their price objective on shares of America Movil SAB de CV ADR Series L from $20.00 to $21.00 and gave the stock a buy rating in a research note on Tuesday, August 7th. Royal Bank of Canada reaffirmed a sell rating and set a $16.00 price objective on shares of America Movil SAB de CV ADR Series L in a research note on Tuesday, July 31st. Zacks Investment Research cut shares of America Movil SAB de CV ADR Series L from a hold rating to a strong sell rating in a research note on Friday, October 5th. Finally, TheStreet cut shares of America Movil SAB de CV ADR Series L from a b- rating to a c rating in a research note on Monday, July 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $20.29.

America Movil SAB de CV ADR Series L stock traded down $0.04 during trading hours on Friday, hitting $14.50. 6,911,999 shares of the stock were exchanged, compared to its average volume of 3,971,827. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 2.94. The stock has a market capitalization of $51.21 billion, a price-to-earnings ratio of 21.32, a P/E/G ratio of 0.99 and a beta of 0.55. America Movil SAB de CV ADR Series L has a 12 month low of $13.62 and a 12 month high of $19.91.

The company also recently disclosed a dividend, which was paid on Friday, November 9th. Shareholders of record on Friday, November 9th were paid a dividend of $0.161 per share. The ex-dividend date of this dividend was Thursday, November 8th. America Movil SAB de CV ADR Series L’s dividend payout ratio is 50.00%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMX. Signature Financial Management Inc. bought a new stake in shares of America Movil SAB de CV ADR Series L during the second quarter valued at approximately $167,000. Exane Derivatives grew its stake in shares of America Movil SAB de CV ADR Series L by 37.1% during the second quarter. Exane Derivatives now owns 18,506 shares of the Wireless communications provider’s stock valued at $307,000 after purchasing an additional 5,007 shares during the last quarter. Engineers Gate Manager LP bought a new stake in shares of America Movil SAB de CV ADR Series L during the second quarter valued at approximately $407,000. Alpha Cubed Investments LLC grew its stake in shares of America Movil SAB de CV ADR Series L by 33.4% during the third quarter. Alpha Cubed Investments LLC now owns 44,375 shares of the Wireless communications provider’s stock valued at $657,000 after purchasing an additional 11,100 shares during the last quarter. Finally, Lenox Wealth Management Inc. grew its stake in shares of America Movil SAB de CV ADR Series L by 8.6% during the second quarter. Lenox Wealth Management Inc. now owns 75,267 shares of the Wireless communications provider’s stock valued at $1,254,000 after purchasing an additional 5,931 shares during the last quarter. 7.52% of the stock is currently owned by institutional investors and hedge funds.

About America Movil SAB de CV ADR Series L

América Móvil, SAB. de C.V. provides telecommunications services in Mexico and internationally. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It also provides data services, such as Internet access, messaging, and other wireless entertainment and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and data center, data administration, and hosting services to residential and corporate clients, as well as residential broadband services.

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Analyst Recommendations for America Movil SAB de CV ADR Series L (NYSE:AMX)

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