StockNews.com initiated coverage on shares of América Móvil (NYSE:AMX – Free Report) in a research report sent to investors on Saturday morning. The brokerage issued a buy rating on the Wireless communications provider’s stock.
Several other brokerages also recently weighed in on AMX. JPMorgan Chase & Co. raised their price target on América Móvil from $15.00 to $17.50 and gave the company an underweight rating in a report on Monday, April 1st. Scotiabank dropped their target price on shares of América Móvil from $19.60 to $19.00 and set a sector perform rating on the stock in a research note on Tuesday, June 25th. Finally, The Goldman Sachs Group raised shares of América Móvil from a neutral rating to a buy rating and raised their price target for the company from $21.00 to $22.00 in a research report on Monday, April 29th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $21.69.
Get Our Latest Stock Analysis on AMX
América Móvil Stock Up 0.2 %
AMX traded up $0.04 on Friday, hitting $17.36. The company had a trading volume of 1,620,851 shares, compared to its average volume of 1,589,698. The stock has a fifty day simple moving average of $18.29 and a 200-day simple moving average of $18.38. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.65 and a quick ratio of 0.61. The firm has a market capitalization of $53.90 billion, a P/E ratio of 16.07, a P/E/G ratio of 1.01 and a beta of 0.94. América Móvil has a 52-week low of $15.99 and a 52-week high of $22.26.
América Móvil (NYSE:AMX – Get Free Report) last announced its quarterly earnings data on Tuesday, April 16th. The Wireless communications provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.17). América Móvil had a return on equity of 13.93% and a net margin of 7.28%. The business had revenue of $11.98 billion during the quarter, compared to analysts’ expectations of $11.96 billion. As a group, equities analysts expect that América Móvil will post 1.45 EPS for the current fiscal year.
América Móvil Increases Dividend
The business also recently announced a semi-annual dividend, which will be paid on Monday, July 22nd. Investors of record on Friday, July 12th will be issued a $0.2608 dividend. The ex-dividend date is Friday, July 12th. This represents a yield of 2.1%. This is a boost from América Móvil’s previous semi-annual dividend of $0.18. América Móvil’s dividend payout ratio (DPR) is currently 24.07%.
Institutional Trading of América Móvil
Several large investors have recently modified their holdings of AMX. Cetera Advisors LLC boosted its holdings in shares of América Móvil by 399.5% in the first quarter. Cetera Advisors LLC now owns 79,697 shares of the Wireless communications provider’s stock worth $1,487,000 after buying an additional 63,741 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of América Móvil by 43.9% during the 1st quarter. Cetera Investment Advisers now owns 117,758 shares of the Wireless communications provider’s stock worth $2,197,000 after acquiring an additional 35,930 shares during the last quarter. Bayesian Capital Management LP bought a new stake in shares of América Móvil during the 1st quarter valued at $767,000. Lazard Asset Management LLC increased its stake in shares of América Móvil by 9.9% in the 1st quarter. Lazard Asset Management LLC now owns 12,528,301 shares of the Wireless communications provider’s stock worth $233,777,000 after purchasing an additional 1,128,671 shares in the last quarter. Finally, Capital International Sarl raised its holdings in América Móvil by 11.2% in the 1st quarter. Capital International Sarl now owns 1,254,814 shares of the Wireless communications provider’s stock worth $23,415,000 after purchasing an additional 126,334 shares during the period. Institutional investors own 6.30% of the company’s stock.
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 also 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.
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