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

Shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) have earned an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $28.4429.

Several research analysts have recently commented on AMX shares. Santander raised America Movil from a “neutral” rating to an “outperform” rating in a report on Thursday, August 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of America Movil in a research note on Thursday, August 13th. The Goldman Sachs Group started coverage on shares of America Movil in a research report on Monday, May 18th. They set a “buy” rating and a $31.80 target price for the company. Scotiabank cut their price target on shares of America Movil from $21.80 to $20.80 and set a “sector perform” rating for the company in a research note on Wednesday, May 27th. Finally, JPMorgan Chase & Co. raised shares of America Movil from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $30.00 to $32.00 in a report on Tuesday, August 18th.

America Movil Trading Down 1.3%

Shares of AMX stock opened at $23.20 on Thursday. The company has a market capitalization of $69.72 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 1.18 and a beta of 0.65. America Movil has a 52-week low of $19.38 and a 52-week high of $28.46. The business’s fifty day moving average is $25.06 and its 200 day moving average is $25.31. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.66 and a current ratio of 0.71.

America Movil (NYSE:AMX) last posted its earnings results 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 during the quarter. On average, equities research analysts anticipate that America Movil will post 1.9 EPS for the current fiscal year.

America Movil Announces Dividend

The business also recently announced a special dividend, which was paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th were given a $0.3078 dividend. The ex-dividend date was Tuesday, July 14th. America Movil’s payout ratio is 35.54%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Camelot Portfolios LLC bought a new stake in America Movil during the fourth quarter worth about $31,000. Atlas Capital Advisors Inc. bought a new position in shares of America Movil during the 4th quarter valued at about $37,000. EverSource Wealth Advisors LLC increased its position 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 valued at $38,000 after purchasing an additional 1,235 shares during the last quarter. Trust Co. of Vermont purchased a new position in shares of America Movil during the 2nd quarter valued at about $39,000. Finally, Arax Advisory Partners raised its holdings in shares of America Movil by 34.0% during the 4th quarter. Arax Advisory Partners now owns 2,412 shares of the Wireless communications provider’s stock valued at $50,000 after buying an additional 612 shares in the last quarter. Institutional investors own 6.30% of the company’s stock.

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.