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

StockNews.com assumed 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 equities research analysts have also recently issued research reports about the stock. Scotiabank reduced their target price on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a research report on Wednesday, October 16th. The Goldman Sachs Group cut their price objective on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, América Móvil has an average rating of “Moderate Buy” and a consensus price target of $19.48.

América Móvil Price Performance

NYSE:AMX opened at $13.92 on Friday. The company has a market cap of $42.73 billion, a P/E ratio of 20.78, a P/E/G ratio of 1.32 and a beta of 0.94. The firm’s fifty day moving average price is $15.02 and its two-hundred day moving average price is $16.21. América Móvil has a one year low of $13.90 and a one year high of $20.31. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67.

América Móvil (NYSE:AMX) last released its quarterly earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share 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 company had revenue of $11.82 billion during the quarter, compared to the consensus estimate of $11.97 billion. Equities analysts expect that América Móvil will post 0.97 earnings per share for the current year.

América Móvil Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were 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 was Friday, November 8th. América Móvil’s dividend payout ratio is presently 34.33%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Modus Advisors LLC acquired a new stake in shares of América Móvil in the 4th quarter valued at $80,000. ABS Direct Equity Fund LLC lifted its position in shares of América Móvil by 21.4% during the 3rd quarter. ABS Direct Equity Fund LLC now owns 413,922 shares of the Wireless communications provider’s stock worth $6,772,000 after buying an additional 73,022 shares during the last quarter. Barclays PLC boosted its stake in América Móvil by 36,692.9% in the third quarter. Barclays PLC now owns 150,115 shares of the Wireless communications provider’s stock valued at $2,456,000 after buying an additional 149,707 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in América Móvil in the third quarter valued at about $1,341,000. Finally, EP Wealth Advisors LLC bought a new position in América Móvil in the third quarter valued at about $177,000. 6.30% of the stock is currently owned by institutional investors and hedge funds.

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.