América Móvil (NYSE:AMX) Cut to Buy at StockNews.com

StockNews.com downgraded shares of América Móvil (NYSE:AMX) from a strong-buy rating to a buy rating in a report issued on Friday.

Other equities analysts have also issued research reports about the stock. Scotiabank lowered their price objective on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a research report on Wednesday, October 16th. The Goldman Sachs Group lowered their price target on shares of América Móvil from $21.00 to $20.80 and set a “buy” rating for the company in a report on Monday, October 14th. Finally, UBS Group dropped their price target on América Móvil from $23.30 to $22.60 and set a “buy” rating for the company in a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $20.08.

América Móvil Stock Up 0.9 %

Shares of AMX opened at $17.13 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.68 and a quick ratio of 0.63. The stock has a market capitalization of $53.19 billion, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 0.98 and a beta of 0.95. América Móvil has a 1 year low of $15.55 and a 1 year high of $20.31. The business’s 50 day simple moving average is $16.57 and its 200-day simple moving average is $17.52.

América Móvil Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be paid a dividend of $0.245 per share. The ex-dividend date is Friday, November 8th. This is a boost from América Móvil’s previous semi-annual dividend of $0.18. This represents a dividend yield of 2%. América Móvil’s payout ratio is currently 22.22%.

Institutional Trading of América Móvil

Several institutional investors have recently added to or reduced their stakes in AMX. NBC Securities Inc. raised its holdings in shares of América Móvil by 655.3% in the first quarter. NBC Securities Inc. now owns 13,717 shares of the Wireless communications provider’s stock worth $255,000 after buying an additional 11,901 shares during the period. Gateway Investment Advisers LLC purchased a new stake in América Móvil in the first quarter worth $204,000. Sound Income Strategies LLC lifted its position in shares of América Móvil by 43.5% during the first quarter. Sound Income Strategies LLC now owns 3,466 shares of the Wireless communications provider’s stock worth $65,000 after purchasing an additional 1,051 shares during the last quarter. Harbour Capital Advisors LLC purchased a new stake in shares of América Móvil during the first quarter valued at $206,000. Finally, Private Ocean LLC bought a new position in shares of América Móvil in the first quarter worth about $26,000. 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.