America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX – Get Free Report) announced a special dividend on Thursday, June 25th. Investors of record on Tuesday, July 14th will be given a dividend of 0.3078 per share by the Wireless communications provider on Wednesday, July 22nd. The ex-dividend date of this dividend is Tuesday, July 14th.
America Movil has increased its dividend payment by an average of 0.1%annually over the last three years. America Movil has a payout ratio of 31.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect America Movil to earn $2.10 per share next year, which means the company should continue to be able to cover its $0.55 annual dividend with an expected future payout ratio of 26.2%.
America Movil Stock Performance
Shares of AMX stock opened at $26.45 on Friday. America Movil has a one year low of $16.92 and a one year high of $28.46. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.67 and a current ratio of 0.72. The company has a 50 day moving average price of $26.30 and a 200 day moving average price of $24.02. The firm has a market capitalization of $79.63 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 0.84 and a beta of 0.66.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on AMX shares. Weiss Ratings raised America Movil from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Scotiabank reduced their price objective on America Movil from $21.80 to $20.80 and set a “sector perform” rating on the stock in a research note on Wednesday, May 27th. The Goldman Sachs Group started coverage on America Movil in a report on Monday, May 18th. They set a “buy” rating and a $31.80 target price for the company. JPMorgan Chase & Co. increased their target price on shares of America Movil from $24.50 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Finally, New Street Research restated a “buy” rating and issued a $35.00 price target on shares of America Movil in a report on Wednesday, June 17th. 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 stock. Based on data from MarketBeat, America Movil has an average rating of “Hold” and an average target price of $28.16.
Read Our Latest Analysis on America Movil
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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