By otakuyassine3@gmail.com 
Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX – Get Free Report) have been given an average rating of “Hold” by the five brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $19.48.
Several equities research analysts recently issued reports on AMX shares. Scotiabank decreased their price target on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a report on Wednesday, October 16th. The Goldman Sachs Group dropped their price objective on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a report on Friday, November 15th. Finally, StockNews.com assumed coverage on shares of América Móvil in a report on Friday, November 22nd. They set a “buy” rating on the stock.
Get Our Latest Stock Analysis on América Móvil
América Móvil Price Performance
Shares of NYSE:AMX opened at $14.14 on Tuesday. América Móvil has a 12 month low of $13.90 and a 12 month high of $20.31. The stock has a market capitalization of $43.41 billion, a PE ratio of 21.10, a PEG ratio of 1.32 and a beta of 0.94. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. The firm has a 50 day moving average of $15.16 and a 200-day moving average of $16.25.
América Móvil (NYSE:AMX – Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.30). América Móvil had a return on equity of 8.61% and a net margin of 4.45%. The business had revenue of $11.82 billion for the quarter, compared to the consensus estimate of $11.97 billion. On average, equities research analysts predict that América Móvil will post 0.97 EPS for the current fiscal year.
América Móvil Increases Dividend
The company also recently disclosed a semi-annual dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a $0.245 dividend. This is a positive change from América Móvil’s previous semi-annual dividend of $0.18. This represents a dividend yield of 2%. The ex-dividend date was Friday, November 8th. América Móvil’s dividend payout ratio is currently 34.33%.
Hedge Funds Weigh In On América Móvil
Hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in shares of América Móvil in the 2nd quarter valued at about $192,000. Hantz Financial Services Inc. bought a new position in shares of América Móvil during the 2nd quarter worth approximately $1,215,000. Rothschild Investment LLC acquired a new stake in shares of América Móvil during the 2nd quarter worth approximately $59,000. Essex Financial Services Inc. bought a new stake in shares of América Móvil in the 2nd quarter valued at $890,000. Finally, Rockline Wealth Management LLC acquired a new position in shares of América Móvil during the 2nd quarter valued at $213,000. Institutional investors and hedge funds own 6.30% of the company’s stock.
América Móvil Company Profile
América Móvil, SAB. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It provides data services, such as data centers, data administration, and hosting services to residential and corporate clients; value-added services, including Internet access, messaging and other wireless entertainment, and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and wireless security services, mobile payment solutions, machine-to-machine services, mobile banking, virtual private network services, and video calls and personal communications services.
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