Credit Suisse Group restated their neutral rating on shares of America Movil, S.A.B. de C.V. (NYSE:AMX) in a research report released on Tuesday, July 11th, Marketbeat Ratings reports.

A number of other equities research analysts have also recently commented on the company. Zacks Investment Research raised America Movil, S.A.B. de C.V. from a strong sell rating to a hold rating in a research note on Tuesday, June 20th. J P Morgan Chase & Co reaffirmed an underweight rating and set a $13.00 price objective (up from $11.00) on shares of America Movil, S.A.B. de C.V. in a research note on Monday, June 5th. Royal Bank Of Canada set a $12.00 target price on America Movil, S.A.B. de C.V. and gave the company a sell rating in a research note on Wednesday, May 3rd. Deutsche Bank AG raised America Movil, S.A.B. de C.V. from a sell rating to a hold rating and set a $10.00 target price for the company in a research note on Monday, April 24th. Finally, Barclays PLC raised America Movil, S.A.B. de C.V. from an equal weight rating to an overweight rating and boosted their target price for the company from $14.00 to $17.00 in a research note on Monday, April 10th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $13.78.

Shares of America Movil, S.A.B. de C.V. (AMX) traded up 0.11% during midday trading on Tuesday, reaching $17.86. The company had a trading volume of 1,398,519 shares. America Movil, S.A.B. de C.V. has a 52-week low of $11.02 and a 52-week high of $18.05. The firm has a market cap of $58.72 billion, a P/E ratio of 22.33 and a beta of 0.54. The company’s 50-day moving average is $16.59 and its 200-day moving average is $14.81.

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The company also recently declared a None dividend, which was paid on Monday, July 24th. Stockholders of record on Friday, June 30th were issued a $0.17 dividend. The ex-dividend date was Wednesday, June 28th. America Movil, S.A.B. de C.V.’s dividend payout ratio (DPR) is 42.86%.

Several hedge funds have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of America Movil, S.A.B. de C.V. during the first quarter worth approximately $143,000. Dodge & Cox acquired a new stake in America Movil, S.A.B. de C.V. during the fourth quarter valued at about $3,463,000. Comerica Bank raised its stake in America Movil, S.A.B. de C.V. by 18.2% in the fourth quarter. Comerica Bank now owns 126,743 shares of the Wireless communications provider’s stock valued at $1,593,000 after buying an additional 19,504 shares in the last quarter. Macquarie Group Ltd. raised its stake in America Movil, S.A.B. de C.V. by 12.1% in the fourth quarter. Macquarie Group Ltd. now owns 2,935,306 shares of the Wireless communications provider’s stock valued at $36,893,000 after buying an additional 317,176 shares in the last quarter. Finally, Conservest Capital Advisors Inc. purchased a new position in America Movil, S.A.B. de C.V. during the first quarter valued at approximately $190,000. Institutional investors own 8.12% of the company’s stock.

America Movil, S.A.B. de C.V. 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.

Analyst Recommendations for America Movil, S.A.B. de C.V. (NYSE:AMX)

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