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

by · The Cerbat Gem

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

A number of other research firms also recently weighed in on AMX. Hsbc Global Res raised shares of America Movil from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 14th. UBS Group boosted their price target on shares of America Movil from $19.60 to $20.40 and gave the stock a “neutral” rating in a research note on Wednesday, July 9th. Finally, HSBC raised shares of America Movil from a “hold” rating to a “buy” rating and boosted their price target for the stock from $15.50 to $17.50 in a research note on Monday, April 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $16.78.

View Our Latest Analysis on America Movil

America Movil Price Performance

Shares of AMX stock opened at $17.39 on Friday. America Movil has a 1 year low of $13.10 and a 1 year high of $18.43. The firm’s 50 day moving average is $17.37 and its 200-day moving average is $15.62. The firm has a market capitalization of $52.78 billion, a price-to-earnings ratio of 32.21, a PEG ratio of 1.11 and a beta of 0.79. The company has a current ratio of 0.71, a quick ratio of 0.66 and a debt-to-equity ratio of 1.05.

America Movil (NYSE:AMX – Get Free Report) last announced its earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The company had revenue of $11.36 billion for the quarter, compared to analyst estimates of $11.28 billion. America Movil had a return on equity of 7.19% and a net margin of 3.55%. Sell-side analysts forecast that America Movil will post 1.51 EPS for the current fiscal year.

America Movil Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, July 21st. Shareholders of record on Friday, July 11th will be paid a $0.2732 dividend. This represents a yield of 3%. The ex-dividend date of this dividend is Friday, July 11th. This is an increase from America Movil’s previous semi-annual dividend of $0.24. America Movil’s dividend payout ratio is presently 144.44%.

Institutional Investors Weigh In On America Movil

Several large investors have recently bought and sold shares of AMX. Brighton Jones LLC bought a new stake in America Movil in the fourth quarter valued at approximately $154,000. Raymond James Financial Inc. bought a new stake in shares of America Movil during the fourth quarter worth $1,386,000. Farther Finance Advisors LLC increased its position in shares of America Movil by 82.5% during the fourth quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider’s stock worth $45,000 after acquiring an additional 1,414 shares in the last quarter. Commonwealth Equity Services LLC increased its position in shares of America Movil by 3.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 118,588 shares of the Wireless communications provider’s stock worth $1,697,000 after acquiring an additional 3,839 shares in the last quarter. Finally, Axxcess Wealth Management LLC increased its position in shares of America Movil by 135.1% during the fourth quarter. Axxcess Wealth Management LLC now owns 30,515 shares of the Wireless communications provider’s stock worth $437,000 after acquiring an additional 17,535 shares in the last quarter. Institutional investors own 6.30% of the company’s stock.

America Movil Company Profile

(Get Free Report)

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.

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