America Movil, S.A.B. de C.V. to Issue None Dividend of $0.17 (AMX)
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.
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