America Movil, S.A.B. de C.V. (NYSE:AMX)’s share price hit a new 52-week high on Friday . The stock traded as high as $19.20 and last traded at $19.25, with a volume of 4,615,919 shares changing hands. The stock had previously closed at $18.66.

Several brokerages have recently weighed in on AMX. Deutsche Bank AG upgraded America Movil, S.A.B. de C.V. from a “hold” rating to a “buy” rating and raised their price target for the company from $20.00 to $21.00 in a report on Monday, October 16th. Zacks Investment Research downgraded America Movil, S.A.B. de C.V. from a “strong-buy” rating to a “hold” rating in a report on Monday, October 16th. Morgan Stanley upgraded America Movil, S.A.B. de C.V. from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $16.00 to $21.00 in a report on Thursday, August 10th. Credit Suisse Group upgraded America Movil, S.A.B. de C.V. from a “neutral” rating to an “outperform” rating in a report on Friday. Finally, Barclays PLC restated a “buy” rating and set a $18.00 price target (up from $17.00) on shares of America Movil, S.A.B. de C.V. in a report on Friday, July 21st. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $16.31.

The company’s 50 day moving average is $18.16 and its 200-day moving average is $16.86. The firm has a market cap of $63.25 billion, a P/E ratio of 24.05 and a beta of 0.54.

The firm also recently announced a semiannual dividend, which will be paid on Monday, November 20th. Investors of record on Friday, October 27th will be given a dividend of $0.1599 per share. This represents a yield of 1.75%. The ex-dividend date is Thursday, October 26th. America Movil, S.A.B. de C.V.’s dividend payout ratio is currently 42.86%.

A number of large investors have recently made changes to their positions in the stock. Capital International Investors increased its position in America Movil, S.A.B. de C.V. by 9.0% during the 2nd quarter. Capital International Investors now owns 37,270,001 shares of the Wireless communications provider’s stock valued at $593,338,000 after buying an additional 3,092,082 shares in the last quarter. Fisher Asset Management LLC increased its position in America Movil, S.A.B. de C.V. by 0.5% during the 2nd quarter. Fisher Asset Management LLC now owns 15,117,475 shares of the Wireless communications provider’s stock valued at $240,670,000 after buying an additional 73,029 shares in the last quarter. BlackRock Inc. increased its position in America Movil, S.A.B. de C.V. by 10.4% during the 2nd quarter. BlackRock Inc. now owns 10,287,898 shares of the Wireless communications provider’s stock valued at $163,783,000 after buying an additional 968,660 shares in the last quarter. Acadian Asset Management LLC acquired a new position in America Movil, S.A.B. de C.V. during the 2nd quarter valued at about $69,655,000. Finally, Numeric Investors LLC increased its position in America Movil, S.A.B. de C.V. by 2,681.8% during the 2nd quarter. Numeric Investors LLC now owns 3,849,945 shares of the Wireless communications provider’s stock valued at $61,291,000 after buying an additional 3,711,545 shares in the last quarter. 7.64% of the stock is currently owned by institutional investors.

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

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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