América Móvil, S.A.B. de C.V. (NYSE:AMX) Given Average Recommendation of “Hold” by Brokerages

Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) have received a consensus recommendation of “Hold” from the five brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $19.48.

Several research analysts have issued reports on the company. Scotiabank reduced their price objective on América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a report on Wednesday, October 16th. StockNews.com began coverage on América Móvil in a research report on Friday, November 22nd. They issued a “buy” rating for the company. Finally, The Goldman Sachs Group cut their target price on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating on the stock in a research report on Friday, November 15th.

América Móvil Price Performance

América Móvil stock opened at $14.05 on Tuesday. América Móvil has a 52 week low of $13.90 and a 52 week high of $20.31. The firm has a market cap of $43.13 billion, a P/E ratio of 20.97, a P/E/G ratio of 1.32 and a beta of 0.94. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. The business’s fifty day moving average is $15.46 and its two-hundred day moving average is $16.37.

América Móvil (NYSE:AMX) last posted its quarterly earnings data on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.30). América Móvil had a net margin of 4.45% and a return on equity of 8.61%. The company had revenue of $11.82 billion during the quarter, compared to analyst estimates of $11.97 billion. Equities research analysts forecast that América Móvil will post 0.97 earnings per share for the current fiscal year.

América Móvil Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued a dividend of $0.245 per share. The ex-dividend date was Friday, November 8th. This represents a yield of 2%. This is a boost from América Móvil’s previous semi-annual dividend of $0.18. América Móvil’s payout ratio is currently 34.33%.

Institutional Investors Weigh In On América Móvil

Several hedge funds have recently bought and sold shares of AMX. International Assets Investment Management LLC acquired a new stake in shares of América Móvil during the second quarter worth about $192,000. Hantz Financial Services Inc. acquired a new stake in América Móvil during the 2nd quarter worth approximately $1,215,000. Rothschild Investment LLC bought a new position in América Móvil in the second quarter valued at approximately $59,000. Essex Financial Services Inc. acquired a new position in shares of América Móvil in the second quarter valued at approximately $890,000. Finally, Rockline Wealth Management LLC bought a new stake in shares of América Móvil during the second quarter worth $213,000. 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 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.