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

Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) have received a consensus rating of “Hold” from the five ratings firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $19.48.

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

Hedge Funds Weigh In On América Móvil

Several institutional investors and hedge funds have recently modified their holdings of the stock. Rothschild Investment LLC bought a new stake in América Móvil in the 2nd quarter valued at $59,000. Blue Trust Inc. increased its position in América Móvil by 195.9% during the third quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock worth $60,000 after acquiring an additional 2,322 shares during the period. CENTRAL TRUST Co raised its stake in América Móvil by 3,500.0% in the 3rd quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider’s stock worth $59,000 after purchasing an additional 3,500 shares in the last quarter. Allworth Financial LP boosted its holdings in América Móvil by 46.1% in the 3rd quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock valued at $81,000 after purchasing an additional 1,567 shares during the period. Finally, EP Wealth Advisors LLC bought a new position in shares of América Móvil during the third quarter worth approximately $177,000. 6.30% of the stock is currently owned by institutional investors and hedge funds.

América Móvil Trading Down 1.4 %

NYSE:AMX opened at $14.05 on Tuesday. The company has a market cap of $43.13 billion, a P/E ratio of 20.97, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94. América Móvil has a twelve month low of $13.90 and a twelve month high of $20.31. The business has a 50 day moving average price of $15.46 and a two-hundred day moving average price of $16.37. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90.

América Móvil (NYSE:AMX) last announced its earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $11.97 billion. As a group, analysts expect that América Móvil 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. Investors of record on Friday, November 8th were paid a $0.245 dividend. This represents a yield of 2%. The ex-dividend date of this dividend 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 is 34.33%.

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.