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

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) has received an average rating of “Hold” from the ten analysts that are presently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $28.1571.

A number of analysts have commented on AMX shares. The Goldman Sachs Group initiated coverage on America Movil in a research report on Monday, May 18th. They set a “buy” rating and a $31.80 price target for the company. JPMorgan Chase & Co. raised their price objective on America Movil from $24.50 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Scotiabank dropped their target price on America Movil from $21.80 to $20.80 and set a “sector perform” rating on the stock in a research report on Wednesday, May 27th. UBS Group increased their price target on shares of America Movil to $31.50 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Finally, Wall Street Zen lowered shares of America Movil from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 21st.

Institutional Investors Weigh In On America Movil

Hedge funds have recently added to or reduced their stakes in the business. Camelot Portfolios LLC acquired a new stake in America Movil during the 4th quarter worth about $31,000. Atlas Capital Advisors Inc. purchased a new stake in shares of America Movil in the fourth quarter worth about $37,000. EverSource Wealth Advisors LLC grew its holdings in America Movil by 142.3% during the second quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock worth $38,000 after acquiring an additional 1,235 shares during the period. Beacon Financial Strategies CORP acquired a new stake in America Movil during the fourth quarter worth about $43,000. Finally, Arax Advisory Partners raised its position in America Movil by 34.0% during the fourth quarter. Arax Advisory Partners now owns 2,412 shares of the Wireless communications provider’s stock valued at $50,000 after acquiring an additional 612 shares in the last quarter. 6.30% of the stock is owned by hedge funds and other institutional investors.

America Movil Trading Up 0.0%

NYSE AMX opened at $26.15 on Wednesday. The company has a fifty day simple moving average of $26.28 and a two-hundred day simple moving average of $24.28. The stock has a market cap of $78.70 billion, a P/E ratio of 16.65, a P/E/G ratio of 0.83 and a beta of 0.66. America Movil has a 12-month low of $16.92 and a 12-month high of $28.46. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.97.

America Movil (NYSE:AMX) last announced its quarterly earnings data on Tuesday, March 31st. The Wireless communications provider reported $0.02 earnings per share for the quarter. The firm had revenue of $13.24 billion for the quarter. America Movil had a net margin of 9.23% and a return on equity of 19.77%. On average, analysts forecast that America Movil will post 1.91 earnings per share for the current year.

America Movil Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 14th will be paid a $0.3078 dividend. The ex-dividend date is Tuesday, July 14th. America Movil’s dividend payout ratio is presently 35.67%.

About America Movil

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.