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Friday, September 29, 2023

America Movil S.A.B. de C.V. (AMX): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for America Movil S.A.B. de C.V. (AMX) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.46, or -2.50%, to $17.93. The America Movil S.A.B. de C.V. has recorded 8,134 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Claro Enterprise Solutions Announces its Official Partnership with Inter Miami CF.

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Stocks Info

This NYSE-listed company operates within the Telecom Services industry segment, falling under the Communication Services sector. At the end of the last regular session, the stock closed at $18.39 and fluctuated between $18.45 as its day high and $18.03 as its day low. The current market capitalization of America Movil S.A.B. de C.V. is $57.55B. A total of 2.89 million shares were traded on the day, compared to an average of 1.99M shares.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. America Movil S.A.B. de C.V. pays an annual dividend of $0.71, resulting in a dividend yield of 3.87%, and it has a price to earnings (P/E) ratio of 10.84. AMX’s most recent ex-dividend date was 11/9/2023 when it declared a $0.3605 quarterly dividend that was paid in cash on 11/13/2023. Previously, the company paid the dividend on 11/13/2023 with an ex-dividend date of 11/9/2023. The AMX stock dividend was $0.3605 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for AMX in the last 3 months, the mean price target is $396.13 with high estimates of $520.00 and low estimates of $295.42. In terms of 52-week highs and lows, AMX has a high of $23.07 and a low of $15.34.

As of this writing, AMX has an earnings estimate of $0.39 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.4 per share and a lower estimate of $0.38. The company reported an EPS of $0.51 in the last quarter, which was 8.50% higher than expectations of $0.47.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. AMX’s latest balance sheet shows that the firm has $156.38B in Cash & Short Term Investments as of fiscal 2021. There were $662.60B in debt and $528.15B in liabilities at the time. Its Book Value Per Share was $6.41, while its Total Shareholder’s Equity was $457.64B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AMX is Buy with a score of 3.44.

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