America Movil SAB de CV ADR Series L (AMX) Trading Up 5.8%

America Movil SAB de CV ADR Series L (NYSE:AMX) was up 5.8% during mid-day trading on Thursday . The stock traded as high as $15.31 and last traded at $15.22. Approximately 4,628,088 shares changed hands during mid-day trading, an increase of 72% from the average daily volume of 2,692,900 shares. The stock had previously closed at $14.39.

Several equities research analysts recently issued reports on AMX shares. Bank of America raised their target price on shares of America Movil SAB de CV ADR Series L from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, August 7th. UBS Group cut shares of America Movil SAB de CV ADR Series L from a “neutral” rating to an “underperform” rating in a research note on Thursday, September 13th. Zacks Investment Research cut shares of America Movil SAB de CV ADR Series L from a “hold” rating to a “strong sell” rating in a research note on Friday, October 5th. Royal Bank of Canada reiterated a “sell” rating and set a $16.00 price target on shares of America Movil SAB de CV ADR Series L in a research note on Tuesday, July 31st. Finally, ValuEngine cut shares of America Movil SAB de CV ADR Series L from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. America Movil SAB de CV ADR Series L currently has a consensus rating of “Hold” and a consensus price target of $20.29.

The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.68 and a current ratio of 0.78. The company has a market cap of $46.91 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 0.87 and a beta of 0.50.

The company also recently announced a dividend, which will be paid on Friday, November 9th. Investors of record on Friday, November 9th will be paid a dividend of $0.161 per share. The ex-dividend date is Thursday, November 8th. America Movil SAB de CV ADR Series L’s dividend payout ratio (DPR) is 50.00%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMX. IPG Investment Advisors LLC bought a new stake in America Movil SAB de CV ADR Series L in the 2nd quarter valued at $2,036,000. Signature Financial Management Inc. bought a new stake in America Movil SAB de CV ADR Series L in the 2nd quarter valued at $167,000. Schroder Investment Management Group increased its holdings in America Movil SAB de CV ADR Series L by 1,333.7% in the 2nd quarter. Schroder Investment Management Group now owns 9,843,758 shares of the Wireless communications provider’s stock valued at $164,391,000 after acquiring an additional 9,157,166 shares during the last quarter. TD Asset Management Inc. bought a new stake in America Movil SAB de CV ADR Series L in the 2nd quarter valued at $1,537,000. Finally, State of New Jersey Common Pension Fund D increased its holdings in America Movil SAB de CV ADR Series L by 19.2% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 2,141,328 shares of the Wireless communications provider’s stock valued at $35,674,000 after acquiring an additional 344,618 shares during the last quarter. Institutional investors own 7.54% of the company’s stock.

About America Movil SAB de CV ADR Series L (NYSE:AMX)

América Móvil, SAB. de C.V. provides telecommunications services in Mexico and internationally. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It also provides data services, such as Internet access, messaging, and other wireless entertainment and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and data center, data administration, and hosting services to residential and corporate clients, as well as residential broadband services.

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