America Movil (NYSE:AMX) Hits New 1-Year High – What’s Next?

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $23.67 and last traded at $23.3620, with a volume of 119233 shares traded. The stock had previously closed at $23.14.

Analysts Set New Price Targets

Several research firms have commented on AMX. Zacks Research raised shares of America Movil from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. upped their target price on America Movil from $21.00 to $23.50 and gave the stock a “neutral” rating in a report on Monday, October 20th. UBS Group raised their price target on America Movil from $21.10 to $23.60 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Citigroup cut America Movil from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $20.00 to $22.00 in a research note on Wednesday, September 10th. Finally, The Goldman Sachs Group set a $24.30 target price on shares of America Movil and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.73.

America Movil Trading Up 1.4%

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 firm has a market capitalization of $70.72 billion, a P/E ratio of 19.06 and a beta of 0.88. The firm has a 50-day moving average of $21.71 and a two-hundred day moving average of $19.29.

America Movil (NYSE:AMX) last issued its quarterly earnings data 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. America Movil had a return on equity of 16.59% and a net margin of 7.87%.The business had revenue of $12.71 billion for the quarter, compared to analyst estimates of $235.15 billion. On average, analysts anticipate that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.51 EPS for the current year.

America Movil Announces Dividend

The company also recently declared a special dividend, which was paid on Monday, November 17th. Stockholders of record on Friday, November 7th were given a $0.2811 dividend. The ex-dividend date was Friday, November 7th. America Movil’s payout ratio is 44.72%.

Institutional Trading of America Movil

Hedge funds have recently modified their holdings of the stock. Northern Trust Corp lifted its holdings in shares of America Movil by 23.6% in the 1st quarter. Northern Trust Corp now owns 1,290,960 shares of the Wireless communications provider’s stock worth $18,357,000 after purchasing an additional 246,357 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of America Movil by 27.4% in the 1st quarter. Cerity Partners LLC now owns 13,660 shares of the Wireless communications provider’s stock worth $194,000 after acquiring an additional 2,941 shares during the last quarter. Allworth Financial LP lifted its position in America Movil by 492.7% in the 2nd quarter. Allworth Financial LP now owns 33,937 shares of the Wireless communications provider’s stock valued at $609,000 after acquiring an additional 28,211 shares in the last quarter. Millennium Management LLC increased its holdings in America Movil by 279.3% during the 1st quarter. Millennium Management LLC now owns 1,447,032 shares of the Wireless communications provider’s stock worth $20,577,000 after purchasing an additional 1,065,538 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of America Movil by 11.9% in the first quarter. Cetera Investment Advisers now owns 74,233 shares of the Wireless communications provider’s stock valued at $1,056,000 after purchasing an additional 7,911 shares in the last quarter. Institutional investors own 6.30% of the company’s stock.

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.