Brokerages Set America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) PT at $28.16

Shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) have been given an average recommendation of “Hold” by the ten ratings firms that are covering the firm, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $28.1571.

AMX has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective on shares of America Movil from $24.50 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Weiss Ratings upgraded shares of America Movil from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. New Street Research reissued a “buy” rating and set a $35.00 target price on shares of America Movil in a research note on Wednesday, June 17th. UBS Group boosted their price target on shares of America Movil to $31.50 and gave the company a “buy” rating in a report on Thursday, April 23rd. Finally, Wall Street Zen downgraded shares of America Movil from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 20th.

America Movil Stock Down 0.3%

NYSE:AMX opened at $24.88 on Friday. The firm has a market capitalization of $74.76 billion, a price-to-earnings ratio of 14.99, a PEG ratio of 0.80 and a beta of 0.65. America Movil has a 1-year low of $17.98 and a 1-year high of $28.46. The company has a current ratio of 0.71, a quick ratio of 0.66 and a debt-to-equity ratio of 0.90. The business’s fifty day moving average price is $25.93 and its 200 day moving average price is $25.01.

America Movil (NYSE:AMX) last posted its quarterly earnings results on Wednesday, July 1st. The Wireless communications provider reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $13.78 billion during the quarter. America Movil had a net margin of 9.38% and a return on equity of 20.33%. On average, sell-side analysts forecast that America Movil will post 1.92 earnings per share for the current fiscal year.

America Movil Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th were given 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%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Lazard Asset Management LLC raised its stake in shares of America Movil by 17.8% during the 1st quarter. Lazard Asset Management LLC now owns 20,807,915 shares of the Wireless communications provider’s stock worth $530,186,000 after purchasing an additional 3,140,360 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in America Movil by 93.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 8,376,918 shares of the Wireless communications provider’s stock worth $173,151,000 after buying an additional 4,053,838 shares during the last quarter. Boston Partners increased its holdings in America Movil by 7.3% in the fourth quarter. Boston Partners now owns 4,835,629 shares of the Wireless communications provider’s stock worth $99,952,000 after buying an additional 326,890 shares during the last quarter. Dimensional Fund Advisors LP raised its position in America Movil by 2.1% during the first quarter. Dimensional Fund Advisors LP now owns 4,305,379 shares of the Wireless communications provider’s stock valued at $109,695,000 after acquiring an additional 90,217 shares in the last quarter. Finally, Morgan Stanley raised its position in America Movil by 9.8% during the fourth quarter. Morgan Stanley now owns 3,970,788 shares of the Wireless communications provider’s stock valued at $82,076,000 after acquiring an additional 353,632 shares in the last quarter. 6.30% of the stock is owned by institutional investors and hedge funds.

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.