Brokerages Set Amer Movil (AMX) Price Target at $13.92
Shares of Amer Movil (NYSE:AMX) have been given a consensus rating of “Hold” by the eleven ratings firms that are currently covering the firm. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $13.92.
Several brokerages recently issued reports on AMX. Zacks Investment Research upgraded shares of Amer Movil from a “sell” rating to a “hold” rating in a research report on Tuesday, November 1st. Credit Suisse Group AG reiterated a “neutral” rating and issued a $12.00 target price (up from $10.50) on shares of Amer Movil in a research report on Friday, October 28th. Finally, Citigroup Inc. upgraded shares of Amer Movil from a “sell” rating to a “neutral” rating and upped their price target for the company from $10.50 to $12.00 in a research report on Friday, October 28th.
Several institutional investors have recently modified their holdings of AMX. Brown Brothers Harriman & Co. purchased a new position in shares of Amer Movil during the third quarter valued at approximately $114,000. CAPROCK Group Inc. bought a new position in Amer Movil during the second quarter worth about $141,000. Johnson Investment Counsel Inc. increased its position in Amer Movil by 0.9% in the third quarter. Johnson Investment Counsel Inc. now owns 12,610 shares of the company’s stock worth $144,000 after buying an additional 110 shares during the last quarter. Advisor Group Inc. bought a new position in Amer Movil during the second quarter worth about $152,000. Finally, Gotham Asset Management LLC bought a new position in Amer Movil during the third quarter worth about $177,000. 6.81% of the stock is owned by hedge funds and other institutional investors.
Amer Movil (NYSE:AMX) opened at 11.60 on Friday. The company has a market capitalization of $38.00 billion, a price-to-earnings ratio of 23.20 and a beta of 0.76. The stock has a 50 day moving average price of $11.99 and a 200 day moving average price of $12.12. Amer Movil has a 52-week low of $11.02 and a 52-week high of $17.33.
The company also recently disclosed a dividend, which was paid on Monday, October 31st. Stockholders of record on Monday, October 31st were paid a dividend of $0.151 per share. The ex-dividend date of this dividend was Thursday, October 27th. Amer Movil’s dividend payout ratio (DPR) is 57.69%.
Amer Movil Company Profile
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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