América Móvil (NYSE:AMX) Now Covered by StockNews.com

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

Other research analysts also recently issued research reports about the company. Scotiabank reduced their price objective on América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a research note on Wednesday, October 16th. 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 report on Friday, November 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.48.

América Móvil Stock Down 3.5 %

América Móvil stock opened at $13.92 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. América Móvil has a 1-year low of $13.90 and a 1-year high of $20.31. The firm has a market capitalization of $42.73 billion, a price-to-earnings ratio of 20.78, a price-to-earnings-growth ratio of 1.32 and a beta of 0.93. The firm’s fifty day moving average price is $14.97 and its two-hundred day moving average price is $16.18.

América Móvil (NYSE:AMX) last posted 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). The firm had revenue of $11.82 billion for the quarter, compared to the consensus estimate of $11.97 billion. América Móvil had a return on equity of 8.61% and a net margin of 4.45%. On average, equities research analysts predict that América Móvil will post 0.97 earnings per share for the current fiscal year.

América Móvil Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued a dividend of $0.245 per share. This represents a yield of 2%. The ex-dividend date was Friday, November 8th. This is a positive change from América Móvil’s previous semi-annual dividend of $0.18. América Móvil’s dividend payout ratio is 34.33%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AMX. Envestnet Asset Management Inc. grew its position in América Móvil by 30.8% during the second quarter. Envestnet Asset Management Inc. now owns 972,542 shares of the Wireless communications provider’s stock worth $16,533,000 after buying an additional 228,856 shares in the last quarter. FMR LLC increased its position in shares of América Móvil by 125.6% in the third quarter. FMR LLC now owns 65,590 shares of the Wireless communications provider’s stock worth $1,073,000 after purchasing an additional 36,520 shares during the last quarter. Brandes Investment Partners LP raised its stake in América Móvil by 2.8% in the second quarter. Brandes Investment Partners LP now owns 1,213,424 shares of the Wireless communications provider’s stock valued at $20,479,000 after purchasing an additional 33,006 shares in the last quarter. Wealthspire Advisors LLC lifted its position in América Móvil by 16.0% during the second quarter. Wealthspire Advisors LLC now owns 13,656 shares of the Wireless communications provider’s stock valued at $232,000 after purchasing an additional 1,880 shares during the last quarter. Finally, Discovery Capital Management LLC CT grew its stake in América Móvil by 270.1% in the 2nd quarter. Discovery Capital Management LLC CT now owns 1,795,988 shares of the Wireless communications provider’s stock worth $30,532,000 after buying an additional 1,310,688 shares in the last quarter. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

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.