America Movil (NYSE:AMX) Cut to “Buy” at Wall Street Zen

Wall Street Zen downgraded shares of America Movil (NYSE:AMX) from a strong-buy rating to a buy rating in a research report report published on Monday.

Other analysts also recently issued research reports about the stock. The Goldman Sachs Group began coverage on shares of America Movil in a report on Monday, May 18th. They set a “buy” rating and a $31.80 target price for the company. JPMorgan Chase & Co. increased their price target on shares of America Movil from $24.50 to $30.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Weiss Ratings upgraded shares of America Movil from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Scotiabank reduced their price objective on America Movil from $21.80 to $20.80 and set a “sector perform” rating for the company in a report on Wednesday, May 27th. Finally, UBS Group boosted their price objective on America Movil to $31.50 and gave the stock a “buy” rating in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $28.16.

America Movil Stock Down 0.1%

AMX opened at $26.07 on Monday. The stock’s fifty day simple moving average is $26.13 and its 200 day simple moving average is $24.70. America Movil has a 1-year low of $17.05 and a 1-year high of $28.46. The stock has a market cap of $78.49 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 0.84 and a beta of 0.66. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.97.

America Movil (NYSE:AMX) last released its quarterly earnings data on Tuesday, March 31st. The Wireless communications provider reported $0.02 EPS for the quarter. America Movil had a net margin of 9.23% and a return on equity of 19.77%. The firm had revenue of $13.24 billion during the quarter. As a group, research analysts expect that America Movil will post 1.91 earnings per share for the current year.

America Movil Announces Dividend

The business also recently declared a special dividend, which was paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th were paid a $0.3078 dividend. The ex-dividend date of this dividend was Tuesday, July 14th. America Movil’s payout ratio is 37.58%.

Institutional Investors Weigh In On America Movil

Large investors have recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. boosted its stake in America Movil by 93.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 8,376,918 shares of the Wireless communications provider’s stock valued at $173,151,000 after buying an additional 4,053,838 shares in the last quarter. ABS Direct Equity Fund LLC grew its position in America Movil by 1,549.4% in the fourth quarter. ABS Direct Equity Fund LLC now owns 273,800 shares of the Wireless communications provider’s stock valued at $5,659,000 after acquiring an additional 257,200 shares during the last quarter. Teacher Retirement System of Texas raised its stake in America Movil by 10.6% during the fourth quarter. Teacher Retirement System of Texas now owns 1,660,300 shares of the Wireless communications provider’s stock worth $34,318,000 after acquiring an additional 159,600 shares in the last quarter. Faithward Advisors LLC bought a new position in shares of America Movil in the first quarter worth about $1,898,000. Finally, Klein Pavlis & Peasley Financial Inc. lifted its holdings in shares of America Movil by 111.6% in the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 53,660 shares of the Wireless communications provider’s stock worth $1,109,000 after acquiring an additional 28,299 shares during the last quarter. 6.30% of the stock is currently owned by institutional investors and hedge funds.

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.