TheStreet cut shares of America Movil, S.A.B. de C.V. (NYSE:AMX) from a b- rating to a c+ rating in a report issued on Thursday morning.

Several other research analysts have also issued reports on the company. Zacks Investment Research lowered America Movil, S.A.B. de C.V. from a hold rating to a strong sell rating in a report on Tuesday, July 18th. Royal Bank Of Canada set a $14.00 price target on America Movil, S.A.B. de C.V. and gave the stock a sell rating in a report on Friday, July 21st. Credit Suisse Group upgraded America Movil, S.A.B. de C.V. from a neutral rating to an outperform rating in a report on Friday, October 20th. ValuEngine upgraded America Movil, S.A.B. de C.V. from a hold rating to a buy rating in a report on Monday, September 18th. Finally, UBS AG downgraded America Movil, S.A.B. de C.V. from a market perform rating to an underperform rating in a research note on Wednesday, August 23rd. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $16.78.

America Movil, S.A.B. de C.V. (NYSE:AMX) opened at $17.27 on Thursday. The stock has a market capitalization of $57,046.94, a P/E ratio of 24.67, a price-to-earnings-growth ratio of 0.22 and a beta of 0.53. The company has a quick ratio of 0.67, a current ratio of 0.75 and a debt-to-equity ratio of 2.39. America Movil, S.A.B. de C.V. has a fifty-two week low of $11.02 and a fifty-two week high of $19.50.

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The business also recently disclosed a semiannual dividend, which will be paid on Monday, November 20th. Stockholders of record on Friday, October 27th will be paid a $0.1599 dividend. This represents a dividend yield of 1.75%. The ex-dividend date of this dividend is Thursday, October 26th. America Movil, S.A.B. de C.V.’s dividend payout ratio (DPR) is presently 24.29%.

Institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of America Movil, S.A.B. de C.V. by 6,024.0% during the first quarter. BlackRock Inc. now owns 9,319,238 shares of the Wireless communications provider’s stock valued at $132,054,000 after acquiring an additional 9,167,062 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of America Movil, S.A.B. de C.V. during the second quarter valued at approximately $69,655,000. Numeric Investors LLC increased its position in shares of America Movil, S.A.B. de C.V. by 2,681.8% during the second quarter. Numeric Investors LLC now owns 3,849,945 shares of the Wireless communications provider’s stock valued at $61,291,000 after acquiring an additional 3,711,545 shares during the last quarter. Capital International Investors increased its position in shares of America Movil, S.A.B. de C.V. by 9.0% during the second quarter. Capital International Investors now owns 37,270,001 shares of the Wireless communications provider’s stock valued at $593,338,000 after acquiring an additional 3,092,082 shares during the last quarter. Finally, Axiom International Investors LLC DE increased its position in shares of America Movil, S.A.B. de C.V. by 3,127.6% during the third quarter. Axiom International Investors LLC DE now owns 2,211,894 shares of the Wireless communications provider’s stock valued at $39,261,000 after acquiring an additional 2,143,364 shares during the last quarter. 7.72% of the stock is owned by hedge funds and other institutional investors.

About America Movil, S.A.B. de C.V.

America Movil, SAB. de C.V. is a holding company. The Company provides telecommunications services. Its services include mobile and fixed-line voice services, wireless and fixed data services, Internet access and pay television, sales of equipment, accessories and computers, as well as other related services.

Analyst Recommendations for America Movil, S.A.B. de C.V. (NYSE:AMX)

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