América Móvil, S.A.B. de C.V. (NYSE:AMX) Given Average Rating of “Moderate Buy” by Analysts

Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) have earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $21.69.

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their target price on América Móvil from $15.00 to $17.50 and gave the stock an “underweight” rating in a report on Monday, April 1st. The Goldman Sachs Group upgraded shares of América Móvil from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $21.00 to $22.00 in a research note on Monday, April 29th. StockNews.com started coverage on shares of América Móvil in a report on Friday. They issued a “buy” rating for the company. Finally, Scotiabank lowered 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 report on Tuesday, June 25th.

América Móvil Stock Performance

Shares of AMX stock opened at $17.10 on Tuesday. The company has a market capitalization of $53.10 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 0.99 and a beta of 0.95. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.61 and a current ratio of 0.65. América Móvil has a 52 week low of $15.99 and a 52 week high of $22.26. The company has a 50-day simple moving average of $18.42 and a 200 day simple moving average of $18.43.

América Móvil (NYSE:AMX) last posted its earnings results on Tuesday, April 16th. The Wireless communications provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.17). The firm had revenue of $11.98 billion during the quarter, compared to analyst estimates of $11.96 billion. América Móvil had a net margin of 7.28% and a return on equity of 13.93%. On average, sell-side analysts predict that América Móvil will post 1.45 earnings per share for the current year.

América Móvil Increases Dividend

The firm also recently disclosed 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. This represents a yield of 2.1%. The ex-dividend date of this dividend is Friday, July 12th. This is a positive change from América Móvil’s previous semi-annual dividend of $0.18. América Móvil’s dividend payout ratio (DPR) is 24.07%.

Hedge Funds Weigh In On América Móvil

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMX. Schroder Investment Management Group raised its position in América Móvil by 178.8% during the 4th quarter. Schroder Investment Management Group now owns 9,821,322 shares of the Wireless communications provider’s stock worth $181,891,000 after purchasing an additional 6,298,239 shares during the last quarter. Capital International Investors raised its position in shares of América Móvil by 9.9% during the fourth quarter. Capital International Investors now owns 62,598,018 shares of the Wireless communications provider’s stock worth $1,158,783,000 after acquiring an additional 5,627,860 shares during the last quarter. Oaktree Capital Management LP acquired a new position in shares of América Móvil in the fourth quarter worth approximately $42,575,000. Lazard Asset Management LLC boosted its holdings in América Móvil by 9.9% in the first quarter. Lazard Asset Management LLC now owns 12,528,301 shares of the Wireless communications provider’s stock valued at $233,777,000 after acquiring an additional 1,128,671 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in América Móvil in the fourth quarter valued at approximately $20,341,000. 6.30% of the stock is currently owned by institutional investors and hedge funds.

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 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.