America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Given Average Rating of “Hold” by Brokerages

Shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) have received a consensus recommendation of “Hold” from the eleven analysts that are currently covering the stock, MarketBeat reports. Eight investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $22.3429.

Several research analysts recently commented on AMX shares. Bank of America started coverage on America Movil in a research report on Thursday, December 11th. They set a “neutral” rating and a $26.00 price target for the company. Santander cut America Movil from an “outperform” rating to a “neutral” rating in a research note on Friday, December 12th. Scotiabank raised their target price on shares of America Movil from $17.10 to $19.50 and gave the company a “sector perform” rating in a research note on Thursday, October 16th. Zacks Research downgraded shares of America Movil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 10th. Finally, The Goldman Sachs Group set a $24.30 price target on shares of America Movil and gave the company a “buy” rating in a research note on Wednesday, October 22nd.

Institutional Trading of America Movil

Several hedge funds have recently added to or reduced their stakes in the company. Boston Partners boosted its stake in America Movil by 6,421.7% in the 2nd quarter. Boston Partners now owns 4,127,267 shares of the Wireless communications provider’s stock valued at $74,043,000 after purchasing an additional 4,063,982 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in shares of America Movil by 359.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 4,323,080 shares of the Wireless communications provider’s stock worth $90,785,000 after buying an additional 3,382,107 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of America Movil by 8.8% during the third quarter. Lazard Asset Management LLC now owns 17,703,513 shares of the Wireless communications provider’s stock worth $371,774,000 after buying an additional 1,430,626 shares in the last quarter. Nan Fung Trinity HK Ltd. boosted its position in shares of America Movil by 352.2% in the third quarter. Nan Fung Trinity HK Ltd. now owns 1,433,900 shares of the Wireless communications provider’s stock valued at $30,112,000 after acquiring an additional 1,116,800 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of America Movil by 79.4% in the third quarter. American Century Companies Inc. now owns 2,445,349 shares of the Wireless communications provider’s stock valued at $51,352,000 after acquiring an additional 1,082,493 shares in the last quarter. 6.30% of the stock is owned by institutional investors and hedge funds.

America Movil Price Performance

NYSE AMX opened at $20.38 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.76 and a current ratio of 0.81. The stock has a market cap of $61.43 billion, a price-to-earnings ratio of 16.57 and a beta of 0.75. The business has a 50 day simple moving average of $22.34 and a 200 day simple moving average of $20.05. America Movil has a 52-week low of $13.10 and a 52-week high of $23.68.

America Movil (NYSE:AMX) last released its quarterly earnings results on Wednesday, October 15th. The Wireless communications provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. The firm had revenue of $12.71 billion for the quarter, compared to the consensus estimate of $235.15 billion. America Movil had a return on equity of 16.59% and a net margin of 7.87%. Analysts anticipate that America Movil will post 1.51 earnings per share for the current fiscal year.

America Movil Announces Dividend

The business also recently disclosed a special dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, November 7th were issued a $0.2811 dividend. The ex-dividend date was Friday, November 7th. America Movil’s payout ratio is currently 45.53%.

America Movil Company Profile

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.