Analysts Set America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Price Target at $21.73

Shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) have been assigned an average rating of “Moderate Buy” from the nine brokerages that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $21.7333.

AMX has been the subject of a number of analyst reports. Citigroup downgraded America Movil from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $20.00 to $22.00 in a research report on Wednesday, September 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of America Movil in a report on Wednesday, October 8th. Scotiabank increased their price objective on shares of America Movil from $17.10 to $19.50 and gave the company a “sector perform” rating in a research report on Thursday, October 16th. JPMorgan Chase & Co. lifted their price objective on shares of America Movil from $21.00 to $23.50 and gave the stock a “neutral” rating in a research report on Monday, October 20th. Finally, Wall Street Zen upgraded shares of America Movil from a “hold” rating to a “buy” rating in a research note on Saturday, July 12th.

Hedge Funds Weigh In On America Movil

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMX. Cambridge Investment Research Advisors Inc. grew its position in shares of America Movil by 41.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,376 shares of the Wireless communications provider’s stock worth $304,000 after acquiring an additional 6,263 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in America Movil by 38.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 14,978 shares of the Wireless communications provider’s stock worth $213,000 after purchasing an additional 4,154 shares during the period. Northern Trust Corp grew its position in America Movil by 23.6% during the 1st quarter. Northern Trust Corp now owns 1,290,960 shares of the Wireless communications provider’s stock worth $18,357,000 after purchasing an additional 246,357 shares during the last quarter. Cerity Partners LLC grew its position in America Movil by 27.4% during the 1st quarter. Cerity Partners LLC now owns 13,660 shares of the Wireless communications provider’s stock worth $194,000 after purchasing an additional 2,941 shares during the last quarter. Finally, Millennium Management LLC increased its stake in America Movil by 279.3% in the first quarter. Millennium Management LLC now owns 1,447,032 shares of the Wireless communications provider’s stock valued at $20,577,000 after purchasing an additional 1,065,538 shares during the period. 6.30% of the stock is owned by institutional investors and hedge funds.

America Movil Stock Down 1.0%

America Movil stock opened at $22.74 on Friday. The firm has a market capitalization of $68.56 billion, a P/E ratio of 18.49 and a beta of 0.88. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.02. America Movil has a twelve month low of $13.10 and a twelve month high of $23.61. The stock’s fifty day simple moving average is $21.21 and its 200-day simple moving average is $18.95.

America Movil (NYSE:AMX) last released its earnings results on Wednesday, October 15th. The Wireless communications provider reported $0.40 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $235.15 billion. As a group, equities analysts expect that America Movil will post 1.51 earnings per share for the current fiscal year.

America Movil Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, November 7th will be issued a $0.2811 dividend. The ex-dividend date is Friday, November 7th. America Movil’s dividend payout ratio is presently 64.23%.

About America Movil

América Móvil, SAB. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It provides data services, such as data centers, data administration, and hosting services to residential and corporate clients; value-added services, including Internet access, messaging and other wireless entertainment, and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and wireless security services, mobile payment solutions, machine-to-machine services, mobile banking, virtual private network services, and video calls and personal communications services.