America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Stock Has Average Price Target of $29.43 According to Analysts

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) has received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $29.43.

A number of research firms have recently weighed in on AMX. Weiss Ratings reissued a “hold (c)” rating on shares of America Movil in a research report on Wednesday. JPMorgan Chase & Co. upgraded shares of America Movil from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $30.00 to $32.00 in a research note on Tuesday, August 18th. Santander raised shares of America Movil from a “neutral” rating to an “outperform” rating in a report on Thursday, August 13th. Zacks Research upgraded America Movil from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 22nd. Finally, Wall Street Zen lowered America Movil from a “buy” rating to a “hold” rating in a report on Saturday, October 24th.

America Movil Price Performance

Shares of NYSE:AMX opened at $25.52 on Tuesday. The company has a market capitalization of $76.19 billion, a P/E ratio of 14.91, a price-to-earnings-growth ratio of 1.37 and a beta of 0.58. The company’s 50-day moving average is $23.19 and its 200 day moving average is $24.56. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.66 and a current ratio of 0.71. America Movil has a fifty-two week low of $19.70 and a fifty-two week high of $28.46.

America Movil Announces Dividend

The company also recently declared a special dividend, which will be paid on Wednesday, November 18th. Stockholders of record on Tuesday, November 10th will be given a dividend of $0.2886 per share. The ex-dividend date of this dividend is Tuesday, November 10th. America Movil’s dividend payout ratio is currently 34.68%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AMX. Lazard Asset Management LLC increased its holdings in America Movil by 17.8% in 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 acquiring an additional 3,140,360 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in America Movil by 3.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 7,475,816 shares of the Wireless communications provider’s stock valued at $158,413,000 after purchasing an additional 251,941 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in America Movil by 2.1% during the first quarter. Dimensional Fund Advisors LP now owns 4,305,379 shares of the Wireless communications provider’s stock worth $109,695,000 after purchasing an additional 90,217 shares during the period. Amundi boosted its position in 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 during the period. Finally, Bank of America Corp DE boosted its position 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 worth $57,901,000 after purchasing an additional 1,723,717 shares during the period. Institutional investors own 6.30% of the company’s stock.

About America Movil

América Móvil is a telecommunications company headquartered in Mexico City. Established in 2000, it grew from the wireless operations of Telmex and has expanded across the Americas and Europe. The company provides mobile and fixed-line voice services, broadband internet, pay television and data services to residential, business and government customers. It also offers enterprise connectivity and related technology services. América Móvil operates under brands that include Telcel in Mexico, Claro in many Latin American markets and A1 in parts of Europe.