America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Given Average Recommendation of “Hold” by Brokerages

Shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) have been assigned an average recommendation of “Hold” from the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $28.1571.

Several equities analysts recently commented on the stock. The Goldman Sachs Group started coverage on shares of America Movil in a research note on Monday, May 18th. They set a “buy” rating and a $31.80 target price for the company. Scotiabank decreased their price target on shares of America Movil from $21.80 to $20.80 and set a “sector perform” rating on the stock in a research report on Wednesday, May 27th. UBS Group upped their price objective on shares of America Movil to $31.50 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Wall Street Zen cut shares of America Movil from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 20th. Finally, Weiss Ratings raised America Movil from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Corient Private Wealth LLC raised its holdings in shares of America Movil by 0.6% in the 4th quarter. Corient Private Wealth LLC now owns 66,871 shares of the Wireless communications provider’s stock valued at $1,377,000 after acquiring an additional 419 shares in the last quarter. Axxcess Wealth Management LLC grew its holdings in shares of America Movil by 1.2% during the fourth quarter. Axxcess Wealth Management LLC now owns 36,505 shares of the Wireless communications provider’s stock worth $755,000 after purchasing an additional 430 shares in the last quarter. Orion Porfolio Solutions LLC increased its position in shares of America Movil by 3.6% in the third quarter. Orion Porfolio Solutions LLC now owns 12,985 shares of the Wireless communications provider’s stock worth $273,000 after purchasing an additional 455 shares during the last quarter. Checchi Capital Advisers LLC increased its position in shares of America Movil by 5.1% in the first quarter. Checchi Capital Advisers LLC now owns 10,290 shares of the Wireless communications provider’s stock worth $262,000 after purchasing an additional 503 shares during the last quarter. Finally, Arax Advisory Partners raised its stake in America Movil by 34.0% in the fourth quarter. Arax Advisory Partners now owns 2,412 shares of the Wireless communications provider’s stock valued at $50,000 after purchasing an additional 612 shares in the last quarter. 6.30% of the stock is currently owned by institutional investors and hedge funds.

America Movil Price Performance

Shares of NYSE:AMX opened at $23.90 on Friday. The company has a market cap of $71.81 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 0.77 and a beta of 0.65. The business has a 50 day moving average price of $25.85 and a 200 day moving average price of $25.06. The company has a quick ratio of 0.66, a current ratio of 0.71 and a debt-to-equity ratio of 0.90. America Movil has a twelve month low of $18.17 and a twelve month high of $28.46.

America Movil (NYSE:AMX) last issued its quarterly earnings results on Wednesday, July 1st. The Wireless communications provider reported $0.02 EPS for the quarter. The company had revenue of $13.78 billion for the quarter. America Movil had a return on equity of 20.33% and a net margin of 9.38%. Research analysts predict that America Movil will post 1.92 earnings per share for the current year.

America Movil Announces Dividend

The company also recently disclosed a special dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 14th were given a $0.3078 dividend. The ex-dividend date was Tuesday, July 14th. America Movil’s dividend payout ratio (DPR) is currently 35.54%.

America Movil Company Profile

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.