América Móvil, S.A.B. de C.V. (NYSE:AMX) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) have been given an average rating of “Moderate Buy” by the seven analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $21.39.

AMX has been the topic of a number of research analyst reports. UBS Group dropped their target price on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a research note on Thursday, July 18th. The Goldman Sachs Group upgraded América Móvil from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $21.00 to $22.00 in a report on Monday, April 29th. StockNews.com upgraded América Móvil from a “buy” rating to a “strong-buy” rating in a report on Friday, August 9th. Finally, Scotiabank cut their price target on América Móvil from $19.00 to $18.90 and set a “sector perform” rating on the stock in a research note on Wednesday, July 17th.

Hedge Funds Weigh In On América Móvil

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMX. International Assets Investment Management LLC acquired a new position in shares of América Móvil during the fourth quarter worth $33,600,000. Cerity Partners LLC purchased a new stake in América Móvil in the fourth quarter valued at about $289,000. Signaturefd LLC boosted its holdings in América Móvil by 18.9% in the fourth quarter. Signaturefd LLC now owns 14,202 shares of the Wireless communications provider’s stock worth $263,000 after acquiring an additional 2,253 shares in the last quarter. CWM LLC boosted its holdings in América Móvil by 9.3% in the fourth quarter. CWM LLC now owns 18,784 shares of the Wireless communications provider’s stock worth $348,000 after acquiring an additional 1,599 shares in the last quarter. Finally, Yousif Capital Management LLC grew its stake in shares of América Móvil by 45.5% during the fourth quarter. Yousif Capital Management LLC now owns 52,239 shares of the Wireless communications provider’s stock worth $967,000 after acquiring an additional 16,340 shares during the last quarter. Hedge funds and other institutional investors own 6.30% of the company’s stock.

América Móvil Price Performance

AMX opened at $17.20 on Wednesday. The business has a fifty day moving average of $17.16 and a 200 day moving average of $18.15. The stock has a market cap of $53.41 billion, a P/E ratio of 15.93, a PEG ratio of 1.02 and a beta of 0.95. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.98. América Móvil has a 52-week low of $15.55 and a 52-week high of $20.31.

América Móvil (NYSE:AMX) last issued its earnings results on Tuesday, July 16th. The Wireless communications provider reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.36). The company had revenue of $11.93 billion for the quarter, compared to analysts’ expectations of $12.37 billion. América Móvil had a net margin of 3.98% and a return on equity of 7.73%. As a group, sell-side analysts anticipate that América Móvil will post 1.37 EPS for the current year.

América Móvil Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, July 22nd. Stockholders of record on Friday, July 12th were issued a $0.2608 dividend. The ex-dividend date of this dividend was Friday, July 12th. This is an increase from América Móvil’s previous semi-annual dividend of $0.18. This represents a dividend yield of 2.1%. América Móvil’s dividend payout ratio (DPR) is currently 24.07%.

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.