America Movil, S.A.B. de C.V. (NYSE:AMX) declared a None dividend on Wednesday, July 19th, Zacks reports. Investors of record on Friday, June 30th will be given a dividend of 0.17 per share by the Wireless communications provider on Monday, July 24th. The ex-dividend date of this dividend is Wednesday, June 28th.

America Movil, S.A.B. de C.V. has decreased its dividend by an average of 6.1% per year over the last three years. America Movil, S.A.B. de C.V. has a payout ratio of 55.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect America Movil, S.A.B. de C.V. to earn $0.63 per share next year, which means the company should continue to be able to cover its $0.33 annual dividend with an expected future payout ratio of 52.4%.

America Movil, S.A.B. de C.V. (AMX) opened at 17.40 on Thursday. America Movil, S.A.B. de C.V. has a 1-year low of $11.02 and a 1-year high of $17.52. The firm has a market capitalization of $57.24 billion, a PE ratio of 25.59 and a beta of 0.53. The company’s 50-day moving average price is $16.23 and its 200 day moving average price is $14.48.

Several analysts recently issued reports on the company. Credit Suisse Group set a $16.00 price target on America Movil, S.A.B. de C.V. and gave the company a “hold” rating in a report on Thursday, June 8th. Zacks Investment Research downgraded America Movil, S.A.B. de C.V. from a “hold” rating to a “strong sell” rating in a report on Tuesday. J P Morgan Chase & Co reiterated an “underweight” rating and issued a $13.00 price target (up from $11.00) on shares of America Movil, S.A.B. de C.V. in a report on Monday, June 5th. Royal Bank Of Canada set a $12.00 price target on America Movil, S.A.B. de C.V. and gave the company a “sell” rating in a report on Wednesday, May 3rd. Finally, Deutsche Bank AG upgraded America Movil, S.A.B. de C.V. from a “sell” rating to a “hold” rating and set a $10.00 price target for the company in a report on Monday, April 24th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. America Movil, S.A.B. de C.V. has a consensus rating of “Hold” and a consensus target price of $13.45.

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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.

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

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