América Móvil (NYSE:AMX) Earns Buy Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of América Móvil (NYSE:AMX) in a research note released on Friday. The brokerage issued a buy rating on the Wireless communications provider’s stock.

A number of other brokerages have also weighed in on AMX. The Goldman Sachs Group cut their price target on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating on the stock in a research note on Friday, November 15th. Scotiabank cut 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. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, América Móvil has an average rating of “Moderate Buy” and an average target price of $19.48.

América Móvil Stock Down 1.1 %

Shares of NYSE AMX opened at $15.02 on Friday. América Móvil has a 52-week low of $14.87 and a 52-week high of $20.31. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. The stock has a market cap of $46.11 billion, a P/E ratio of 22.42, a P/E/G ratio of 1.02 and a beta of 0.95. The firm has a 50 day moving average price of $16.08 and a 200 day moving average price of $17.00.

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 net margin of 4.45% and a return on equity of 8.61%. The firm had revenue of $11.82 billion during the quarter, compared to analyst estimates of $11.97 billion. Analysts expect that América Móvil will post 1.25 EPS for the current year.

América Móvil Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were issued a $0.245 dividend. This represents a dividend yield of 2%. This is a boost from América Móvil’s previous semi-annual dividend of $0.18. The ex-dividend date was Friday, November 8th. América Móvil’s dividend payout ratio is presently 35.82%.

Hedge Funds Weigh In On América Móvil

A number of hedge funds and other institutional investors have recently bought and sold shares of AMX. Discovery Capital Management LLC CT raised its stake in América Móvil by 270.1% in the second quarter. Discovery Capital Management LLC CT now owns 1,795,988 shares of the Wireless communications provider’s stock valued at $30,532,000 after buying an additional 1,310,688 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in América Móvil by 76.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 736,107 shares of the Wireless communications provider’s stock valued at $12,043,000 after acquiring an additional 317,800 shares during the period. Envestnet Asset Management Inc. raised its stake in 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 acquiring an additional 228,856 shares during the period. AQR Capital Management LLC lifted its holdings in América Móvil by 343.1% during the 2nd quarter. AQR Capital Management LLC now owns 294,907 shares of the Wireless communications provider’s stock valued at $5,013,000 after purchasing an additional 228,353 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in América Móvil by 1,545.1% during the third quarter. International Assets Investment Management LLC now owns 185,702 shares of the Wireless communications provider’s stock worth $30,380,000 after purchasing an additional 174,414 shares during the period. Institutional investors own 6.30% of the company’s stock.

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.