America Movil (NYSE:AMX) Sees Large Volume Increase – Should You Buy?

by · The Markets Daily

Shares of America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX – Get Free Report) saw unusually-high trading volume on Friday . 1,669,267 shares changed hands during mid-day trading, a decline of 14% from the previous session’s volume of 1,944,479 shares.The stock last traded at $23.55 and had previously closed at $23.39.

Analyst Ratings Changes

Several equities analysts have issued reports on AMX shares. JPMorgan Chase & Co. upgraded shares of America Movil from a “neutral” rating to an “overweight” rating and upped their target price for the company from $30.00 to $32.00 in a research note on Tuesday. New Street Research reiterated a “buy” rating and issued a $35.00 price target on shares of America Movil in a research note on Wednesday, June 17th. The Goldman Sachs Group initiated coverage on shares of America Movil in a research note on Monday, May 18th. They issued a “buy” rating and a $31.80 price target for the company. Santander raised shares of America Movil from a “neutral” rating to an “outperform” rating in a report on Thursday, August 13th. Finally, UBS Group increased their price objective on shares of America Movil to $31.50 and gave the company a “buy” rating in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, America Movil currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.44.

Get Our Latest Stock Report on America Movil

America Movil Stock Performance

The company has a market cap of $71.28 billion, a P/E ratio of 14.29, a P/E/G ratio of 1.21 and a beta of 0.65. The company has a quick ratio of 0.66, a current ratio of 0.71 and a debt-to-equity ratio of 0.90. The business has a fifty day simple moving average of $25.45 and a two-hundred day simple moving average of $25.25.

America Movil (NYSE:AMX – Get Free Report) last released its quarterly earnings results on Wednesday, July 1st. The Wireless communications provider reported $0.46 earnings per share (EPS) for the quarter. America Movil had a return on equity of 20.33% and a net margin of 9.38%.The business had revenue of $13.78 billion during the quarter. On average, sell-side analysts anticipate that America Movil, S.A.B. de C.V. Unsponsored ADR will post 1.88 EPS for the current year.

America Movil Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th were issued a $0.3078 dividend. The ex-dividend date of this dividend was Tuesday, July 14th. America Movil’s dividend payout ratio (DPR) is presently 35.54%.

Institutional Trading of America Movil

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMX. Camelot Portfolios LLC bought a new position in America Movil in the fourth quarter worth approximately $31,000. Atlas Capital Advisors Inc. bought a new stake in shares of America Movil during the 4th quarter valued at $37,000. EverSource Wealth Advisors LLC grew its position in shares of America Movil by 142.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock valued at $38,000 after acquiring an additional 1,235 shares during the period. Trust Co. of Vermont purchased a new stake in shares of America Movil in the 2nd quarter worth $39,000. Finally, Arax Advisory Partners increased its stake in shares of America Movil by 34.0% in the 4th quarter. Arax Advisory Partners now owns 2,412 shares of the Wireless communications provider’s stock worth $50,000 after purchasing an additional 612 shares in the last quarter. 6.30% of the stock is owned by hedge funds and other institutional investors.

About America Movil

(Get Free Report)

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.

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