América Móvil (NYSE:AMX) Trading 1.5% Higher – Here’s Why

América Móvil, S.A.B. de C.V. (NYSE:AMX)’s stock price traded up 1.5% during mid-day trading on Friday . The company traded as high as $14.62 and last traded at $14.60. 284,275 shares were traded during mid-day trading, a decline of 82% from the average session volume of 1,581,521 shares. The stock had previously closed at $14.39.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AMX. Scotiabank dropped their price objective on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a research note on Wednesday, October 16th. StockNews.com initiated coverage on shares of América Móvil in a report on Friday, November 22nd. They set a “buy” rating on the stock. Finally, The Goldman Sachs Group cut their price objective on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, América Móvil presently has an average rating of “Moderate Buy” and a consensus price target of $19.48.

América Móvil Stock Up 0.8 %

The business has a 50-day moving average price of $15.22 and a 200-day moving average price of $16.27. The stock has a market cap of $44.55 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90.

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 analysts’ consensus estimates of $0.41 by ($0.30). América Móvil had a return on equity of 8.61% and a net margin of 4.45%. The company had revenue of $11.82 billion for the quarter, compared to analyst estimates of $11.97 billion. As a group, analysts forecast that América Móvil, S.A.B. de C.V. will post 0.97 earnings per share for the current year.

América Móvil Increases Dividend

The business 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. The ex-dividend date was Friday, November 8th. This is a positive change from América Móvil’s previous semi-annual dividend of $0.18. This represents a yield of 2%. América Móvil’s dividend payout ratio (DPR) is currently 34.33%.

Institutional Trading of América Móvil

A number of institutional investors have recently made changes to their positions in AMX. Discovery Capital Management LLC CT boosted its position in América Móvil by 270.1% during the second quarter. Discovery Capital Management LLC CT now owns 1,795,988 shares of the Wireless communications provider’s stock worth $30,532,000 after acquiring an additional 1,310,688 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in América Móvil by 76.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 736,107 shares of the Wireless communications provider’s stock worth $12,043,000 after purchasing an additional 317,800 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of América Móvil by 30.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 972,542 shares of the Wireless communications provider’s stock worth $16,533,000 after purchasing an additional 228,856 shares during the last quarter. AQR Capital Management LLC grew its position in shares of América Móvil by 343.1% in the second quarter. AQR Capital Management LLC now owns 294,907 shares of the Wireless communications provider’s stock valued at $5,013,000 after purchasing an additional 228,353 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of América Móvil by 1,545.1% in the third quarter. International Assets Investment Management LLC now owns 185,702 shares of the Wireless communications provider’s stock valued at $30,380,000 after purchasing an additional 174,414 shares during the last quarter. 6.30% of the stock is owned by institutional investors and hedge funds.

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.