América Móvil, S.A.B. de C.V. (NYSE:AMX) Receives Consensus Rating of “Hold” from Brokerages

América Móvil, S.A.B. de C.V. (NYSE:AMX) has been assigned an average recommendation of “Hold” from the five brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $20.08.

Several research analysts have recently issued reports on AMX shares. StockNews.com initiated coverage on América Móvil in a research note on Tuesday, October 29th. They set a “buy” rating for the company. The Goldman Sachs Group lowered their target price on América Móvil from $21.00 to $20.80 and set a “buy” rating on the stock in a report on Monday, October 14th. UBS Group decreased their price objective on América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a research note on Thursday, July 18th. Finally, Scotiabank lowered their price target on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a report on Wednesday, October 16th.

América Móvil Trading Down 0.8 %

NYSE:AMX opened at $15.61 on Monday. América Móvil has a 1 year low of $15.55 and a 1 year high of $20.31. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.63 and a current ratio of 0.68. The stock has a fifty day moving average price of $16.41 and a two-hundred day moving average price of $17.38. The stock has a market capitalization of $48.16 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 0.96 and a beta of 0.95.

América Móvil Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be given a $0.245 dividend. This is an increase from América Móvil’s previous semi-annual dividend of $0.18. This represents a dividend yield of 2%. The ex-dividend date of this dividend is Friday, November 8th. América Móvil’s dividend payout ratio (DPR) is presently 40.30%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Capital International Investors increased its position in shares of América Móvil by 4.4% during the 1st quarter. Capital International Investors now owns 65,339,145 shares of the Wireless communications provider’s stock valued at $1,219,228,000 after purchasing an additional 2,741,127 shares during the period. Lazard Asset Management LLC raised its position in América Móvil by 9.9% in the first quarter. Lazard Asset Management LLC now owns 12,528,301 shares of the Wireless communications provider’s stock worth $233,777,000 after acquiring an additional 1,128,671 shares in the last quarter. Capital International Inc. CA raised its position in América Móvil by 9.5% in the first quarter. Capital International Inc. CA now owns 2,986,890 shares of the Wireless communications provider’s stock worth $55,735,000 after acquiring an additional 258,203 shares in the last quarter. Capital Group Private Client Services Inc. lifted its holdings in América Móvil by 3.1% in the 1st quarter. Capital Group Private Client Services Inc. now owns 2,606,773 shares of the Wireless communications provider’s stock valued at $48,642,000 after acquiring an additional 79,550 shares during the last quarter. Finally, Discovery Capital Management LLC CT boosted its position in shares of América Móvil by 270.1% during the 2nd quarter. Discovery Capital Management LLC CT now owns 1,795,988 shares of the Wireless communications provider’s stock valued at $30,532,000 after purchasing an additional 1,310,688 shares in the last quarter. 6.30% of the stock is currently owned by 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.