America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX – Get Free Report) saw an uptick in trading volume on Friday . Approximately 1,669,267 shares changed hands during mid-day trading, a decline of 14% from the previous session’s volume of 1,944,479 shares.The stock last traded at $23.55 and had previously closed at $23.39.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the company. New Street Research reaffirmed a “buy” rating and issued a $35.00 price target on shares of America Movil in a research note on Wednesday, June 17th. UBS Group raised their price objective on America Movil to $31.50 and gave the company a “buy” rating in a research report on Thursday, April 23rd. JPMorgan Chase & Co. upgraded shares of America Movil from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $30.00 to $32.00 in a report on Tuesday. Scotiabank reduced 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, Weiss Ratings reiterated a “hold (c)” rating on shares of America Movil in a research note on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, America Movil currently has an average rating of “Moderate Buy” and a consensus target price of $28.44.
Check Out Our Latest Report on AMX
America Movil Price Performance
America Movil (NYSE:AMX – Get Free Report) last announced its quarterly earnings results on Wednesday, July 1st. The Wireless communications provider reported $0.46 earnings per share (EPS) for the quarter. The company had revenue of $13.78 billion for the quarter. America Movil had a net margin of 9.38% and a return on equity of 20.33%. On average, analysts expect that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.88 EPS for the current year.
America Movil Dividend Announcement
The company also recently announced a special dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th were paid a $0.3078 dividend. The ex-dividend date was Tuesday, July 14th. America Movil’s dividend payout ratio is currently 35.54%.
Institutional Investors Weigh In On America Movil
Institutional investors and hedge funds have recently made changes to their positions in the company. Camelot Portfolios LLC bought a new position in America Movil in the 4th quarter valued at approximately $31,000. Atlas Capital Advisors Inc. bought a new stake in shares of America Movil in the 4th quarter worth $37,000. EverSource Wealth Advisors LLC increased its holdings in shares of 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 purchasing an additional 1,235 shares in the last quarter. Trust Co. of Vermont purchased a new position in shares of America Movil in the second quarter worth $39,000. Finally, Arax Advisory Partners raised 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 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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