América Móvil (NYSE:AMX) Trading 1.5% Higher – Still a Buy?

Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) shot up 1.5% during mid-day trading on Friday . The stock traded as high as $14.62 and last traded at $14.60. 284,275 shares traded hands during trading, a decline of 82% from the average session volume of 1,581,521 shares. The stock had previously closed at $14.39.

Analyst Ratings Changes

AMX has been the topic of several recent analyst reports. Scotiabank decreased their price target on América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a research note on Wednesday, October 16th. StockNews.com assumed coverage on shares of América Móvil in a research report on Friday, November 22nd. They issued a “buy” rating on the stock. Finally, The Goldman Sachs Group dropped their price target 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. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, América Móvil presently has a consensus rating of “Moderate Buy” and an average target price of $19.48.

América Móvil Price Performance

The company has a fifty day moving average of $15.22 and a 200-day moving average of $16.27. The stock has a market cap of $44.55 billion, a PE ratio of 21.66, a P/E/G ratio of 1.32 and a beta of 0.94. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90.

América Móvil (NYSE:AMX) last issued its quarterly earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.30). América Móvil had a return on equity of 8.61% and a net margin of 4.45%. The business had revenue of $11.82 billion for the quarter, compared to analysts’ expectations of $11.97 billion. Sell-side analysts expect that América Móvil, S.A.B. de C.V. will post 0.97 EPS for the current fiscal year.

América Móvil Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were given a $0.245 dividend. This represents a yield of 2%. The ex-dividend date was Friday, November 8th. This is a boost from América Móvil’s previous semi-annual dividend of $0.18. América Móvil’s dividend payout ratio (DPR) is currently 34.33%.

Institutional Trading of América Móvil

A number of large investors have recently modified their holdings of the stock. Discovery Capital Management LLC CT boosted its holdings in América Móvil by 270.1% in the second 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 during the period. Brandes Investment Partners LP raised its position in América Móvil by 2.8% in the 2nd quarter. Brandes Investment Partners LP now owns 1,213,424 shares of the Wireless communications provider’s stock valued at $20,479,000 after purchasing an additional 33,006 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of América Móvil by 30.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 972,542 shares of the Wireless communications provider’s stock valued at $16,533,000 after buying an additional 228,856 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of América Móvil by 19.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 910,988 shares of the Wireless communications provider’s stock worth $14,904,000 after buying an additional 151,114 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of América Móvil by 5.7% during the second quarter. American Century Companies Inc. now owns 886,985 shares of the Wireless communications provider’s stock worth $15,079,000 after buying an additional 47,941 shares during the period. 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 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.