America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Receives $22.34 Consensus PT from Analysts

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

A number of research analysts recently issued reports on AMX shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of America Movil in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price objective on shares of America Movil from $21.00 to $23.50 and gave the company a “neutral” rating in a research report on Monday, October 20th. Bank of America assumed coverage on shares of America Movil in a research note on Thursday, December 11th. They issued a “neutral” rating and a $26.00 price objective on the stock. UBS Group increased their target price on shares of America Movil from $21.10 to $23.60 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Finally, Scotiabank raised their target price on shares of America Movil from $17.10 to $19.50 and gave the stock a “sector perform” rating in a report on Thursday, October 16th.

Institutional Investors Weigh In On America Movil

Several hedge funds have recently modified their holdings of the stock. Boston Partners lifted its stake in America Movil by 6,421.7% during the second quarter. Boston Partners now owns 4,127,267 shares of the Wireless communications provider’s stock valued at $74,043,000 after buying an additional 4,063,982 shares in the last quarter. Robeco Institutional Asset Management B.V. raised 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 valued at $90,785,000 after acquiring an additional 3,382,107 shares during the period. Lazard Asset Management LLC raised 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 valued at $371,774,000 after acquiring an additional 1,430,626 shares during the period. Nan Fung Trinity HK Ltd. lifted its position in shares of America Movil by 352.2% in the 3rd 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 in the last quarter. Finally, American Century Companies Inc. boosted its stake in America Movil by 79.4% in the 3rd quarter. American Century Companies Inc. now owns 2,445,349 shares of the Wireless communications provider’s stock worth $51,352,000 after purchasing an additional 1,082,493 shares during the period. 6.30% of the stock is owned by hedge funds and other institutional investors.

America Movil Price Performance

Shares of NYSE:AMX opened at $20.63 on Friday. The stock has a market cap of $62.18 billion, a price-to-earnings ratio of 16.77 and a beta of 0.75. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.81 and a quick ratio of 0.76. America Movil has a 12 month low of $13.10 and a 12 month high of $23.68. The stock’s 50 day moving average price is $22.33 and its 200 day moving average price is $20.12.

America Movil (NYSE:AMX) last issued its quarterly earnings results on Wednesday, October 15th. The Wireless communications provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. America Movil had a return on equity of 16.59% and a net margin of 7.87%.The firm had revenue of $12.71 billion during the quarter, compared to analyst estimates of $235.15 billion. Equities research 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 announced a special dividend, which was paid on Monday, November 17th. Investors 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 presently 45.53%.

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.