América Móvil (NYSE:AMX) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of América Móvil (NYSE:AMX) in a research note issued to investors on Thursday morning. The firm issued a buy rating on the Wireless communications provider’s stock.

AMX has been the subject of several other research reports. UBS Group lowered their price objective on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating for the company in a research report on Thursday, July 18th. The Goldman Sachs Group lowered their target price on América Móvil from $21.00 to $20.80 and set a “buy” rating for the company in a report on Monday, October 14th. Finally, Scotiabank cut their price target on América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $19.48.

América Móvil Price Performance

AMX opened at $15.10 on Thursday. The stock has a market cap of $46.36 billion, a P/E ratio of 22.54, a P/E/G ratio of 0.92 and a beta of 0.95. América Móvil has a 12 month low of $14.94 and a 12 month high of $20.31. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. The company has a fifty day simple moving average of $16.21 and a 200 day simple moving average of $17.16.

América Móvil (NYSE:AMX) last announced its quarterly earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share (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 during the quarter, compared to the consensus estimate of $11.97 billion. On average, research analysts expect that América Móvil will post 1.39 EPS for the current year.

América Móvil Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.245 per share. The ex-dividend date is Friday, November 8th. This represents a dividend yield of 2%. This is a boost from América Móvil’s previous semi-annual dividend of $0.18. América Móvil’s dividend payout ratio is currently 34.33%.

Institutional Investors Weigh In On América Móvil

Several hedge funds have recently bought and sold shares of the company. Rothschild Investment LLC bought a new position in shares of América Móvil during the 2nd quarter worth approximately $59,000. CENTRAL TRUST Co boosted its position in América Móvil by 3,500.0% during the third quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider’s stock worth $59,000 after purchasing an additional 3,500 shares during the period. Blue Trust Inc. increased its holdings in shares of América Móvil by 195.9% in the third quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock valued at $60,000 after purchasing an additional 2,322 shares during the last quarter. Headlands Technologies LLC raised its position in shares of América Móvil by 448.5% in the first quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider’s stock valued at $81,000 after purchasing an additional 3,539 shares during the period. Finally, Allworth Financial LP lifted its stake in shares of América Móvil by 46.1% during the 3rd quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock worth $81,000 after buying an additional 1,567 shares during the last quarter. 6.30% of the stock is currently owned by institutional investors and hedge funds.

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.