America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Receives $28.44 Average PT from Brokerages

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) has been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $28.4429.

Several equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of America Movil in a research report on Thursday, August 13th. Santander upgraded shares of America Movil from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 13th. Wall Street Zen downgraded shares of America Movil from a “strong-buy” rating to a “buy” rating in a report on Monday, July 20th. Scotiabank decreased their price objective 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. Finally, New Street Research reaffirmed a “buy” rating and issued a $35.00 price objective on shares of America Movil in a research report on Wednesday, June 17th.

Hedge Funds Weigh In On America Movil

Several institutional investors have recently bought and sold shares of the company. Camelot Portfolios LLC bought a new stake in shares of America Movil in the fourth quarter valued at $31,000. Atlas Capital Advisors Inc. purchased a new position in shares of America Movil during the 4th quarter valued at $37,000. EverSource Wealth Advisors LLC grew its stake 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 acquiring an additional 1,235 shares during the period. Trust Co. of Vermont bought a new position in shares of America Movil during the 2nd quarter worth $39,000. Finally, Arax Advisory Partners increased its holdings in America Movil by 34.0% in the 4th quarter. Arax Advisory Partners now owns 2,412 shares of the Wireless communications provider’s stock worth $50,000 after acquiring an additional 612 shares during the last quarter. Hedge funds and other institutional investors own 6.30% of the company’s stock.

America Movil Price Performance

Shares of NYSE AMX opened at $23.06 on Thursday. The company has a market capitalization of $69.30 billion, a PE ratio of 13.89, a PEG ratio of 1.18 and a beta of 0.65. The company has a quick ratio of 0.66, a current ratio of 0.71 and a debt-to-equity ratio of 0.90. The stock’s 50 day moving average price is $25.00 and its 200-day moving average price is $25.34. America Movil has a twelve month low of $19.38 and a twelve month high of $28.46.

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

America Movil Dividend Announcement

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

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.