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

Shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) have received an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $28.4429.

Several research analysts have commented on the company. New Street Research reaffirmed a “buy” rating and issued a $35.00 price target on shares of America Movil in a research report on Wednesday, June 17th. Santander upgraded shares of America Movil from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 13th. JPMorgan Chase & Co. raised shares of America Movil from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $30.00 to $32.00 in a research report on Tuesday, August 18th. The Goldman Sachs Group started coverage on shares of America Movil in a research note on Monday, May 18th. They set a “buy” rating and a $31.80 target price for the company. Finally, Scotiabank dropped their price objective on shares of America Movil from $21.80 to $20.80 and set a “sector perform” rating on the stock in a report on Wednesday, May 27th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AMX. Raiffeisen Bank International AG increased its holdings in America Movil by 32.1% in the 2nd quarter. Raiffeisen Bank International AG now owns 155,320 shares of the Wireless communications provider’s stock valued at $4,155,000 after buying an additional 37,700 shares during the period. Field & Main Bank acquired a new position in shares of America Movil in the 2nd quarter valued at $338,000. Wellington Management Group LLP lifted its holdings in shares of America Movil by 0.5% during the 2nd quarter. Wellington Management Group LLP now owns 1,256,073 shares of the Wireless communications provider’s stock worth $32,645,000 after acquiring an additional 6,521 shares during the period. Pin Oak Investment Advisors Inc. acquired a new stake in shares of America Movil during the 2nd quarter valued at about $282,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of America Movil during the 2nd quarter valued at about $707,000. 6.30% of the stock is currently owned by institutional investors and hedge funds.

America Movil Stock Down 0.5%

AMX stock opened at $22.87 on Thursday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.71 and a quick ratio of 0.66. America Movil has a 52-week low of $19.38 and a 52-week high of $28.46. The company has a 50-day moving average of $24.89 and a two-hundred day moving average of $25.33. The stock has a market capitalization of $68.73 billion, a price-to-earnings ratio of 13.78, a price-to-earnings-growth ratio of 1.17 and a beta of 0.62.

America Movil (NYSE:AMX) last posted its quarterly earnings data on Wednesday, July 1st. The Wireless communications provider reported $0.46 EPS for the quarter. America Movil had a return on equity of 20.33% and a net margin of 9.38%.The business had revenue of $13.78 billion for the quarter. As a group, equities research analysts anticipate that America Movil will post 1.9 EPS for the current year.

America Movil Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th were issued a dividend of $0.3078 per share. The ex-dividend date of this dividend was Tuesday, July 14th. America Movil’s dividend payout ratio (DPR) is presently 35.54%.

America Movil Company Profile

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.