America Movil SAB de CV Price Target Raised to $24.00 at Barclays (AMX)
Equities research analysts at Barclays increased their target price on shares of America Movil SAB de CV (NYSE:AMX) from $20.50 to $24.00 in a research note issued to investors on Friday. The firm currently has an “equal weight” rating on the stock. Barclays’ target price indicates a potential upside of 0.50% from the company’s current price.
Shares of America Movil SAB de CV (NYSE:AMX) traded down 0.86% on Friday, hitting $23.675. 2,006,943 shares of the company’s stock traded hands. America Movil SAB de CV has a 52 week low of $19.01 and a 52 week high of $24.17. The stock’s 50-day moving average is $20.67 and its 200-day moving average is $20.56. The company has a market cap of $82.377 billion and a price-to-earnings ratio of 18.09.
America Movil SAB de CV (NYSE:AMX) last released its earnings data on Thursday, May 1st. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.41 by $0.10. Analysts expect that America Movil SAB de CV will post $1.81 EPS for the current fiscal year.
The company also recently declared a special dividend, which is scheduled for Monday, July 28th. Shareholders of record on Thursday, July 17th will be given a dividend of $0.1847 per share. The ex-dividend date of this dividend is Tuesday, July 15th.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of America Movil SAB de CV in a research note on Friday, June 27th. They now have a $21.00 price target on the stock. Separately, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of America Movil SAB de CV in a research note on Monday, May 19th. They now have a $20.00 price target on the stock. Finally, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of America Movil SAB de CV in a research note on Thursday, April 24th. They now have a $20.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. America Movil SAB de CV has a consensus rating of “Hold” and an average target price of $21.53.
America Movil SAB de CV is a Mexico-based company, which is primarily engaged in the provision of wireless communications services in Latin America.
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