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

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) has been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the stock, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $22.3429.

AMX has been the topic of a number of recent research reports. UBS Group lifted their price target on shares of America Movil from $21.10 to $23.60 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Bank of America initiated coverage on shares of America Movil in a research report on Thursday, December 11th. They set a “neutral” rating and a $26.00 target price on the stock. Citigroup lowered shares of America Movil from a “buy” rating to a “neutral” rating and increased their price target for the stock from $20.00 to $22.00 in a research report on Wednesday, September 10th. The Goldman Sachs Group set a $24.30 price target on shares of America Movil and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Finally, Scotiabank upped their price objective on America Movil from $17.10 to $19.50 and gave the company a “sector perform” rating in a research note on Thursday, October 16th.

Hedge Funds Weigh In On America Movil

Several large investors have recently made changes to their positions in the company. Hilltop National Bank acquired a new stake in America Movil during the 2nd quarter worth $27,000. Advantage Trust Co bought a new position in shares of America Movil in the 2nd quarter worth $30,000. Trust Co. of Vermont acquired a new stake in shares of America Movil during the third quarter worth $31,000. EverSource Wealth Advisors LLC increased its holdings in America Movil by 142.3% in the second quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock valued at $38,000 after purchasing an additional 1,235 shares during the last quarter. Finally, Maseco LLP bought a new stake in America Movil in the second quarter valued at about $54,000. Institutional investors and hedge funds own 6.30% of the company’s stock.

America Movil Price Performance

Shares of NYSE:AMX opened at $20.38 on Friday. The business has a 50-day moving average of $22.34 and a two-hundred day moving average of $20.05. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.81 and a quick ratio of 0.76. America Movil has a fifty-two week low of $13.10 and a fifty-two week high of $23.68. The stock has a market capitalization of $61.43 billion, a P/E ratio of 16.57 and a beta of 0.75.

America Movil (NYSE:AMX) last released its earnings results on Wednesday, October 15th. The Wireless communications provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. The firm had revenue of $12.71 billion during the quarter, compared to analyst estimates of $235.15 billion. America Movil had a net margin of 7.87% and a return on equity of 16.59%. On average, equities research analysts predict that America Movil will post 1.51 EPS for the current fiscal year.

America Movil Announces Dividend

The business also recently disclosed a special dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, November 7th were given a $0.2811 dividend. The ex-dividend date was Friday, November 7th. America Movil’s dividend payout ratio (DPR) is presently 45.53%.

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.