Shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX – Get Free Report) have earned a consensus rating of “Hold” from the ten ratings firms that are presently covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $28.1571.
Several equities analysts have recently issued reports on AMX shares. UBS Group lifted their price target on America Movil to $31.50 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Wall Street Zen downgraded America Movil from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 20th. Weiss Ratings raised America Movil from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Scotiabank cut their target price on shares of America Movil from $21.80 to $20.80 and set a “sector perform” rating on the stock in a research report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. boosted 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.
Get Our Latest Stock Report on AMX
America Movil Price Performance
America Movil (NYSE:AMX – Get Free Report) last posted its quarterly earnings results on Wednesday, July 1st. The Wireless communications provider reported $0.02 earnings per share (EPS) for the quarter. America Movil had a net margin of 9.38% and a return on equity of 20.33%. The business had revenue of $13.78 billion for the quarter. On average, equities research analysts predict that America Movil will post 1.92 EPS for the current fiscal year.
America Movil Announces Dividend
The company also recently disclosed a special dividend, which was paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th were issued 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 35.54%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Trust Co. of Vermont acquired a new stake in America Movil during the 2nd quarter worth approximately $39,000. Camelot Portfolios LLC bought a new position in shares of America Movil during the fourth quarter valued at $31,000. Atlas Capital Advisors Inc. acquired a new position in shares of America Movil during the fourth quarter worth $37,000. EverSource Wealth Advisors LLC lifted its holdings in shares of America Movil by 142.3% during the second quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock worth $38,000 after purchasing an additional 1,235 shares during the period. Finally, Arax Advisory Partners grew its stake in shares of America Movil by 34.0% in the fourth quarter. Arax Advisory Partners now owns 2,412 shares of the Wireless communications provider’s stock worth $50,000 after purchasing an additional 612 shares during the last quarter. 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.
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