América Móvil, S.A.B. de C.V. (NYSE:AMX) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) have earned an average rating of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $21.39.

A number of research analysts have recently issued reports on AMX shares. StockNews.com raised América Móvil from a “buy” rating to a “strong-buy” rating in a report on Friday, August 9th. UBS Group dropped their target price on América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a report on Thursday, July 18th. Finally, Scotiabank dropped their target price on América Móvil from $19.00 to $18.90 and set a “sector perform” rating on the stock in a report on Wednesday, July 17th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AMX. Private Ocean LLC purchased a new position in shares of América Móvil in the first quarter valued at $26,000. Principal Securities Inc. purchased a new position in shares of América Móvil in the fourth quarter valued at $41,000. Rothschild Investment LLC purchased a new position in shares of América Móvil in the second quarter valued at $59,000. Sound Income Strategies LLC increased its position in shares of América Móvil by 43.5% in the first quarter. Sound Income Strategies LLC now owns 3,466 shares of the Wireless communications provider’s stock valued at $65,000 after buying an additional 1,051 shares in the last quarter. Finally, Headlands Technologies LLC increased its position in shares of América Móvil by 448.5% in the first quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider’s stock valued at $81,000 after buying an additional 3,539 shares in the last quarter. Hedge funds and other institutional investors own 6.30% of the company’s stock.

América Móvil Trading Up 1.4 %

AMX opened at $16.85 on Friday. The firm has a market cap of $51.98 billion, a price-to-earnings ratio of 15.60, a price-to-earnings-growth ratio of 0.98 and a beta of 0.95. América Móvil has a 52 week low of $15.55 and a 52 week high of $20.31. The business’s 50 day moving average is $17.01 and its two-hundred day moving average is $17.95. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.98.

América Móvil (NYSE:AMX) last released its quarterly earnings results on Tuesday, July 16th. The Wireless communications provider reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.34 by ($0.36). The firm had revenue of $11.93 billion for the quarter, compared to analyst estimates of $12.37 billion. América Móvil had a return on equity of 7.73% and a net margin of 3.98%. On average, research analysts predict that América Móvil will post 1.39 EPS for the current year.

América Móvil Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, July 22nd. Investors of record on Friday, July 12th were paid a $0.2608 dividend. The ex-dividend date was Friday, July 12th. This is an increase from América Móvil’s previous semi-annual dividend of $0.18. This represents a dividend yield of 2.1%. América Móvil’s payout ratio is 25.00%.

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.