America Movil, S.A.B. de C.V. (NYSE:AMX) received a $16.00 price objective from research analysts at Credit Suisse Group in a research note issued on Thursday. The brokerage currently has a “hold” rating on the Wireless communications provider’s stock. Credit Suisse Group’s price objective would indicate a potential upside of 1.14% from the company’s current price.

A number of other research firms have also issued reports on AMX. Zacks Investment Research raised America Movil, S.A.B. de C.V. from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Thursday, April 6th. Barclays PLC raised America Movil, S.A.B. de C.V. from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $14.00 to $17.00 in a research note on Monday, April 10th. Deutsche Bank AG raised America Movil, S.A.B. de C.V. from a “sell” rating to a “hold” rating and set a $10.00 target price on the stock in a research report on Monday, April 24th. Royal Bank Of Canada set a $12.00 target price on America Movil, S.A.B. de C.V. and gave the stock a “sell” rating in a research report on Wednesday, May 3rd. Finally, J P Morgan Chase & Co reaffirmed an “underweight” rating and issued a $13.00 target price (up from $11.00) on shares of America Movil, S.A.B. de C.V. in a research report on Monday, June 5th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $13.45.

Analyst Recommendations for America Movil, S.A.B. de C.V. (NYSE:AMX)

America Movil, S.A.B. de C.V. (NYSE:AMX) traded up 0.13% during mid-day trading on Thursday, reaching $15.82. The company had a trading volume of 4,631,317 shares. The company has a market capitalization of $52.04 billion, a price-to-earnings ratio of 23.97 and a beta of 0.59. The firm’s 50 day moving average price is $15.87 and its 200-day moving average price is $13.93. America Movil, S.A.B. de C.V. has a 12 month low of $11.02 and a 12 month high of $16.56.

The firm also recently announced a dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 30th will be issued a $0.167 dividend. The ex-dividend date is Wednesday, June 28th. This is a boost from America Movil, S.A.B. de C.V.’s previous dividend of $0.15. America Movil, S.A.B. de C.V.’s dividend payout ratio (DPR) is currently 48.33%.

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Institutional investors have recently modified their holdings of the company. Comerica Bank boosted its position in shares of America Movil, S.A.B. de C.V. by 18.2% in the fourth quarter. Comerica Bank now owns 126,743 shares of the Wireless communications provider’s stock worth $1,593,000 after buying an additional 19,504 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of America Movil, S.A.B. de C.V. by 14.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 30,181 shares of the Wireless communications provider’s stock worth $379,000 after buying an additional 3,823 shares in the last quarter. First Allied Advisory Services Inc. boosted its position in shares of America Movil, S.A.B. de C.V. by 15.3% in the fourth quarter. First Allied Advisory Services Inc. now owns 12,370 shares of the Wireless communications provider’s stock worth $155,000 after buying an additional 1,642 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of America Movil, S.A.B. de C.V. by 1.2% in the fourth quarter. Franklin Resources Inc. now owns 1,271,103 shares of the Wireless communications provider’s stock worth $15,979,000 after buying an additional 14,953 shares in the last quarter. Finally, First Republic Investment Management Inc. boosted its position in shares of America Movil, S.A.B. de C.V. by 9.6% in the fourth quarter. First Republic Investment Management Inc. now owns 25,368 shares of the Wireless communications provider’s stock worth $319,000 after buying an additional 2,213 shares in the last quarter. 8.26% of the stock is currently owned by hedge funds and other institutional investors.

About America Movil, S.A.B. de C.V.

America Movil, SAB. de C.V. is a holding company. The Company provides telecommunications services. Its services include mobile and fixed-line voice services, wireless and fixed data services, Internet access and pay television, sales of equipment, accessories and computers, as well as other related services.

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