América Móvil, S.A.B. de C.V. (NYSE:AMX) Receives $21.69 Average PT from Brokerages

América Móvil, S.A.B. de C.V. (NYSE:AMX) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $21.69.

Several research analysts have commented on the stock. The Goldman Sachs Group upgraded shares of América Móvil from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $21.00 to $22.00 in a report on Monday, April 29th. Scotiabank lowered their price target on shares of América Móvil from $19.60 to $19.00 and set a “sector perform” rating for the company in a report on Tuesday, June 25th. StockNews.com assumed coverage on shares of América Móvil in a report on Friday, June 28th. They issued a “buy” rating for the company. Finally, JPMorgan Chase & Co. upped their target price on shares of América Móvil from $15.00 to $17.50 and gave the company an “underweight” rating in a report on Monday, April 1st.

América Móvil Trading Up 2.1 %

Shares of AMX stock opened at $17.32 on Tuesday. 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 has a market capitalization of $53.78 billion, a P/E ratio of 16.04, a price-to-earnings-growth ratio of 0.99 and a beta of 0.94. The company has a 50 day moving average price of $18.34 and a 200 day moving average price of $18.40. América Móvil has a fifty-two week low of $15.99 and a fifty-two week high of $22.26.

América Móvil (NYSE:AMX) last announced its quarterly earnings data on Tuesday, April 16th. The Wireless communications provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.17). The business had revenue of $11.98 billion during the quarter, compared to analyst estimates of $11.96 billion. América Móvil had a net margin of 7.28% and a return on equity of 13.93%. Equities research analysts predict that América Móvil will post 1.45 EPS for the current fiscal year.

América Móvil Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, July 22nd. Shareholders of record on Friday, July 12th will be given a dividend of $0.2608 per share. The ex-dividend date of this dividend is Friday, July 12th. This represents a yield of 2.1%. This is an increase from América Móvil’s previous semi-annual dividend of $0.18. América Móvil’s dividend payout ratio is presently 24.07%.

Hedge Funds Weigh In On América Móvil

Large investors have recently made changes to their positions in the stock. Private Ocean LLC purchased a new position in shares of América Móvil in the 1st quarter valued at about $26,000. Principal Securities Inc. acquired a new stake in América Móvil in the 4th quarter valued at about $41,000. Sound Income Strategies LLC grew its stake in América Móvil by 1,729.5% in the 4th quarter. Sound Income Strategies LLC now owns 2,415 shares of the Wireless communications provider’s stock valued at $45,000 after acquiring an additional 2,283 shares during the last quarter. First United Bank & Trust acquired a new stake in América Móvil in the 4th quarter valued at about $53,000. Finally, Headlands Technologies LLC grew its stake in América Móvil by 448.5% in the 1st quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider’s stock valued at $81,000 after acquiring an additional 3,539 shares during the last quarter. Hedge funds and other institutional investors own 6.30% of the company’s stock.

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 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.