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

América Móvil, S.A.B. de C.V. (NYSE:AMX) has been assigned a consensus recommendation of “Hold” from the five brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $20.08.

Several research firms have issued reports on AMX. The Goldman Sachs Group dropped their price target on shares of América Móvil from $21.00 to $20.80 and set a “buy” rating on the stock in a research report on Monday, October 14th. StockNews.com started coverage on shares of América Móvil in a research report on Wednesday. They issued a “buy” rating on the stock. Scotiabank dropped their price objective on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a research report on Wednesday, October 16th. Finally, UBS Group dropped their price objective on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a research report on Thursday, July 18th.

Institutional Investors Weigh In On América Móvil

Large investors have recently bought and sold shares of the company. Headlands Technologies LLC grew its stake in América Móvil by 448.5% during the first quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider’s stock worth $81,000 after buying an additional 3,539 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of América Móvil by 30.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 972,542 shares of the Wireless communications provider’s stock valued at $16,533,000 after purchasing an additional 228,856 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of América Móvil by 43.9% in the 1st quarter. Cetera Investment Advisers now owns 117,758 shares of the Wireless communications provider’s stock valued at $2,197,000 after purchasing an additional 35,930 shares in the last quarter. Seven Eight Capital LP acquired a new stake in shares of América Móvil in the 1st quarter valued at approximately $679,000. Finally, Team Hewins LLC acquired a new stake in América Móvil during the 1st quarter worth approximately $312,000. 6.30% of the stock is currently owned by institutional investors and hedge funds.

América Móvil Stock Down 2.5 %

América Móvil stock opened at $15.23 on Monday. The stock has a market capitalization of $46.97 billion, a PE ratio of 22.72, a price-to-earnings-growth ratio of 0.98 and a beta of 0.95. América Móvil has a twelve month low of $15.12 and a twelve month high of $20.31. The company has a quick ratio of 0.63, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. The company has a 50 day moving average of $16.32 and a 200-day moving average of $17.31.

América Móvil (NYSE:AMX) last announced its earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 EPS 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 analyst estimates of $11.97 billion. On average, equities research analysts anticipate that América Móvil will post 1.39 EPS for the current fiscal year.

América Móvil Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be paid a dividend of $0.245 per share. This represents a yield of 2%. This is an increase from América Móvil’s previous semi-annual dividend of $0.18. The ex-dividend date of this dividend is Friday, November 8th. América Móvil’s dividend payout ratio is presently 40.30%.

About América Móvil

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.