Wall Street Zen lowered shares of America Movil (NYSE:AMX – Free Report) from a strong-buy rating to a buy rating in a research report sent to investors on Monday.
Several other research analysts also recently commented on AMX. JPMorgan Chase & Co. lifted their target price on shares of America Movil from $24.50 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. New Street Research reissued a “buy” rating and issued a $35.00 price target on shares of America Movil in a report on Wednesday, June 17th. The Goldman Sachs Group began coverage on shares of America Movil in a research report on Monday, May 18th. They issued a “buy” rating and a $31.80 price objective on the stock. Scotiabank lowered 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 research note on Wednesday, May 27th. Finally, Weiss Ratings upgraded shares of America Movil from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $28.16.
Check Out Our Latest Stock Analysis on AMX
America Movil Price Performance
America Movil (NYSE:AMX – Get Free Report) last announced its quarterly earnings results on Tuesday, March 31st. The Wireless communications provider reported $0.02 EPS for the quarter. The business had revenue of $13.24 billion for the quarter. America Movil had a return on equity of 19.77% and a net margin of 9.23%. As a group, analysts predict that America Movil will post 1.91 earnings per share for the current year.
America Movil Dividend Announcement
The firm also recently declared a special dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th will be paid a $0.3078 dividend. The ex-dividend date of this dividend is Tuesday, July 14th. America Movil’s dividend payout ratio (DPR) is presently 37.58%.
Institutional Investors Weigh In On America Movil
Large investors have recently modified their holdings of the stock. Brighton Jones LLC bought a new stake in America Movil during the 4th quarter valued at approximately $154,000. Royal Bank of Canada raised its position in shares of America Movil by 16.9% in the 1st quarter. Royal Bank of Canada now owns 375,504 shares of the Wireless communications provider’s stock worth $5,339,000 after acquiring an additional 54,152 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of America Movil by 2,189.8% in the 1st quarter. Jones Financial Companies Lllp now owns 23,241 shares of the Wireless communications provider’s stock valued at $330,000 after purchasing an additional 22,226 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of America Movil by 15.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 778,584 shares of the Wireless communications provider’s stock valued at $11,071,000 after purchasing an additional 102,545 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of America Movil by 9.5% during the first quarter. Jane Street Group LLC now owns 50,584 shares of the Wireless communications provider’s stock valued at $719,000 after purchasing an additional 4,373 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.
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