America Movil (NYSE:AMX) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of America Movil (NYSE:AMX) from a neutral rating to an overweight rating in a research report released on Tuesday morning, Marketbeat reports. They currently have $32.00 target price on the Wireless communications provider’s stock, up from their prior target price of $30.00.

A number of other research firms have also commented on AMX. Wall Street Zen lowered America Movil from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 20th. UBS Group lifted their price objective on America Movil to $31.50 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. New Street Research reissued a “buy” rating and issued a $35.00 target price on shares of America Movil in a research note on Wednesday, June 17th. Santander upgraded shares of America Movil from a “neutral” rating to an “outperform” rating in a report on Thursday, August 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of America Movil in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $28.44.

America Movil Price Performance

AMX stock opened at $23.40 on Tuesday. The stock’s 50 day moving average price is $25.45 and its 200 day moving average price is $25.25. The firm has a market cap of $70.32 billion, a P/E ratio of 14.10, a PEG ratio of 1.21 and a beta of 0.65. 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 has a 1 year low of $19.00 and a 1 year high of $28.46.

America Movil (NYSE:AMX) last released its quarterly earnings results on Wednesday, July 1st. The Wireless communications provider reported $0.46 earnings per share for the quarter. America Movil had a return on equity of 20.33% and a net margin of 9.38%.The company had revenue of $13.78 billion during the quarter. On average, sell-side analysts expect that America Movil will post 1.88 earnings per share for the current fiscal year.

America Movil Announces Dividend

The firm also recently declared a special dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 14th were paid a dividend of $0.3078 per share. The ex-dividend date of this dividend was Tuesday, July 14th. America Movil’s dividend payout ratio is currently 35.54%.

Institutional Investors Weigh In On America Movil

Several hedge funds have recently made changes to their positions in the business. Camelot Portfolios LLC acquired a new position in America Movil in the fourth quarter valued at $31,000. Atlas Capital Advisors Inc. acquired a new stake in America Movil in the 4th quarter worth about $37,000. EverSource Wealth Advisors LLC boosted its stake in America Movil by 142.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock worth $38,000 after buying an additional 1,235 shares during the last quarter. Trust Co. of Vermont acquired a new stake in America Movil in the 2nd quarter worth about $39,000. Finally, Arax Advisory Partners grew 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 valued at $50,000 after buying an additional 612 shares during the period. Institutional investors and hedge funds own 6.30% of the company’s stock.

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.