América Móvil, S.A.B. de C.V. (NYSE:AMX) Receives $19.48 Average PT from Brokerages

Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) have been given an average recommendation of “Hold” by the five analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $19.48.

A number of research firms recently issued reports on AMX. The Goldman Sachs Group decreased their target price on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a research report on Friday, November 15th. StockNews.com initiated coverage on América Móvil in a report on Friday, November 22nd. They issued a “buy” rating for the company. Finally, Scotiabank dropped their target price on América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a report on Wednesday, October 16th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Discovery Capital Management LLC CT raised 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 worth $30,532,000 after purchasing an additional 1,310,688 shares during the last quarter. Brandes Investment Partners LP increased its stake in América Móvil by 2.8% during the 2nd quarter. Brandes Investment Partners LP now owns 1,213,424 shares of the Wireless communications provider’s stock worth $20,479,000 after buying an additional 33,006 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of América Móvil by 30.8% during the second quarter. Envestnet Asset Management Inc. now owns 972,542 shares of the Wireless communications provider’s stock valued at $16,533,000 after acquiring an additional 228,856 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of América Móvil by 19.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 910,988 shares of the Wireless communications provider’s stock valued at $14,904,000 after acquiring an additional 151,114 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of América Móvil by 5.7% in the second quarter. American Century Companies Inc. now owns 886,985 shares of the Wireless communications provider’s stock worth $15,079,000 after acquiring an additional 47,941 shares during the last quarter. 6.30% of the stock is owned by institutional investors and hedge funds.

América Móvil Price Performance

Shares of AMX stock opened at $14.83 on Friday. América Móvil has a one year low of $14.59 and a one year high of $20.31. The company has a market capitalization of $45.53 billion, a P/E ratio of 22.13, a P/E/G ratio of 1.07 and a beta of 0.95. The company’s 50-day simple moving average is $15.89 and its two-hundred day simple moving average is $16.82. 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 issued its quarterly earnings data on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $11.97 billion. As a group, equities analysts anticipate that América Móvil will post 1.17 EPS for the current year.

América Móvil Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were paid a $0.245 dividend. This represents a dividend yield of 2%. The ex-dividend date was Friday, November 8th. This is a positive change from América Móvil’s previous semi-annual dividend of $0.18. América Móvil’s payout ratio is currently 35.82%.

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.