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

by · The Markets Daily

Wall Street Zen lowered shares of America Movil (NYSE:AMX – Free Report) from a buy rating to a hold rating in a report published on Saturday morning,Wall Street Zen reports.

A number of other research firms also recently commented on AMX. Weiss Ratings reaffirmed a “hold (c)” rating on shares of America Movil in a report on Thursday, August 13th. JPMorgan Chase & Co. raised shares of America Movil from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $30.00 to $32.00 in a research note on Tuesday, August 18th. Santander upgraded America Movil from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 13th. Finally, UBS Group cut their price target on America Movil from $32.50 to $31.00 and set a “buy” rating for the company in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.43.

Get Our Latest Research Report on AMX

America Movil Price Performance

AMX opened at $24.22 on Friday. The firm has a market capitalization of $72.78 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 1.30 and a beta of 0.59. America Movil has a 1 year low of $19.70 and a 1 year high of $28.46. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.71 and a quick ratio of 0.66. The business’s 50-day moving average is $22.78 and its two-hundred day moving average is $24.25.

America Movil Announces Dividend

The business also recently declared a special dividend, which will be paid on Wednesday, November 18th. Investors of record on Tuesday, November 10th will be paid a $0.2886 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. America Movil’s dividend payout ratio (DPR) is currently 34.10%.

Institutional Investors Weigh In On America Movil

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its holdings in America Movil by 314.2% during the first quarter. Bank of America Corp DE now owns 2,272,406 shares of the Wireless communications provider’s stock valued at $57,901,000 after purchasing an additional 1,723,717 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of America Movil by 95.5% during the first quarter. Cetera Investment Advisers now owns 140,574 shares of the Wireless communications provider’s stock worth $3,582,000 after purchasing an additional 68,661 shares in the last quarter. Amundi increased its stake in shares of America Movil by 11.2% during the first quarter. Amundi now owns 2,381,539 shares of the Wireless communications provider’s stock worth $60,682,000 after purchasing an additional 239,057 shares in the last quarter. First Trust Advisors LP raised its position in shares of America Movil by 12.5% during the 1st quarter. First Trust Advisors LP now owns 2,099,260 shares of the Wireless communications provider’s stock worth $53,489,000 after purchasing an additional 233,925 shares during the last quarter. Finally, Lazard Asset Management LLC raised its position in shares of America Movil by 17.8% during the 1st quarter. Lazard Asset Management LLC now owns 20,807,915 shares of the Wireless communications provider’s stock worth $530,186,000 after purchasing an additional 3,140,360 shares during the last quarter. Hedge funds and other institutional investors own 6.30% of the company’s stock.

America Movil Company Profile

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América Móvil, SAB. de C.V. is a Mexico-based telecommunications company that provides wireless and fixed-line communications services. Its offerings include mobile voice and data, broadband internet, landline telephone service, pay television, digital services, and enterprise telecommunications solutions. The company serves individual consumers, businesses, and government customers.

América Móvil operates across Latin America, the United States, and parts of Europe. Its principal brands include Telcel in Mexico and Claro in several Latin American markets.

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