América Móvil, S.A.B. de C.V. (AMX) to Issue Dividend of $0.26 on July 22nd

América Móvil, S.A.B. de C.V. (NYSE:AMX) announced a dividend on Tuesday, June 18th, NASDAQ reports. Stockholders of record on Friday, July 12th will be paid a dividend of 0.2608 per share by the Wireless communications provider on Monday, July 22nd. The ex-dividend date is Friday, July 12th. This is a boost from América Móvil’s previous dividend of $0.18.

América Móvil has decreased its dividend by an average of 10.3% per year over the last three years.

América Móvil Price Performance

Shares of América Móvil stock opened at $16.95 on Thursday. The stock has a market cap of $52.63 billion, a P/E ratio of 15.69, a P/E/G ratio of 0.99 and a beta of 0.95. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.61 and a current ratio of 0.65. The stock’s fifty day moving average is $18.59 and its 200 day moving average is $18.51. América Móvil has a one year low of $15.99 and a one year high of $22.26.

América Móvil (NYSE:AMX) last issued its quarterly earnings results on Tuesday, April 16th. The Wireless communications provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.17). América Móvil had a return on equity of 13.93% and a net margin of 7.28%. The company had revenue of $11.98 billion during the quarter, compared to analysts’ expectations of $11.96 billion. Sell-side analysts anticipate that América Móvil will post 1.45 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on AMX shares. The Goldman Sachs Group upgraded shares of América Móvil from a “neutral” rating to a “buy” rating and raised their target price for the stock from $21.00 to $22.00 in a research note on Monday, April 29th. JPMorgan Chase & Co. lifted their target price on shares of América Móvil from $15.00 to $17.50 and gave the company an “underweight” rating in a research note on Monday, April 1st. Finally, Scotiabank upped their target price on shares of América Móvil from $16.60 to $17.20 and gave the stock a “sector perform” rating in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, América Móvil has an average rating of “Moderate Buy” and an average target price of $21.47.

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 also 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.