America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Given Average Rating of “Moderate Buy” by Analysts

Shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) have been given an average rating of “Moderate Buy” by the nine ratings firms that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $21.7333.

AMX has been the topic of several analyst reports. The Goldman Sachs Group set a $24.30 price target on America Movil and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Citigroup cut shares of America Movil from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $20.00 to $22.00 in a research note on Wednesday, September 10th. JPMorgan Chase & Co. increased their target price on shares of America Movil from $21.00 to $23.50 and gave the stock a “neutral” rating in a research note on Monday, October 20th. UBS Group raised their price target on shares of America Movil from $21.10 to $23.60 and gave the company a “neutral” rating in a report on Thursday, October 16th. Finally, Zacks Research raised shares of America Movil from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd.

America Movil Trading Up 1.4%

NYSE:AMX opened at $23.20 on Tuesday. America Movil has a 1 year low of $13.10 and a 1 year high of $23.68. The stock’s fifty day moving average price is $22.01 and its two-hundred day moving average price is $19.50. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.81 and a quick ratio of 0.76. The company has a market cap of $69.94 billion, a P/E ratio of 18.86 and a beta of 0.88.

America Movil (NYSE:AMX) last released its quarterly earnings data on Wednesday, October 15th. The Wireless communications provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The company had revenue of $12.71 billion for the quarter, compared to analyst estimates of $235.15 billion. America Movil had a return on equity of 16.59% and a net margin of 7.87%. As a group, analysts expect that America Movil will post 1.51 EPS for the current year.

America Movil Announces Dividend

The firm also recently announced a special dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, November 7th were paid a $0.2811 dividend. The ex-dividend date was Friday, November 7th. America Movil’s dividend payout ratio is currently 44.72%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Orion Porfolio Solutions LLC lifted its position in America Movil by 3.6% during the third quarter. Orion Porfolio Solutions LLC now owns 12,985 shares of the Wireless communications provider’s stock valued at $273,000 after purchasing an additional 455 shares during the last quarter. Axxcess Wealth Management LLC raised its position in shares of America Movil by 1.6% during the 3rd quarter. Axxcess Wealth Management LLC now owns 36,075 shares of the Wireless communications provider’s stock valued at $758,000 after buying an additional 560 shares in the last quarter. Whittier Trust Co. raised its position in shares of America Movil by 2.8% during the 2nd quarter. Whittier Trust Co. now owns 21,198 shares of the Wireless communications provider’s stock valued at $380,000 after buying an additional 582 shares in the last quarter. Profund Advisors LLC lifted its holdings in shares of America Movil by 1.7% during the 2nd quarter. Profund Advisors LLC now owns 39,561 shares of the Wireless communications provider’s stock worth $710,000 after acquiring an additional 666 shares during the last quarter. Finally, MAI Capital Management grew its position in America Movil by 2.4% in the second quarter. MAI Capital Management now owns 29,097 shares of the Wireless communications provider’s stock worth $522,000 after acquiring an additional 680 shares in the last quarter. 6.30% of the stock is currently owned by institutional investors.

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.