América Móvil (NYSE:AMX) Downgraded by StockNews.com

StockNews.com cut shares of América Móvil (NYSE:AMX) from a strong-buy rating to a buy rating in a report published on Friday morning.

AMX has been the subject of several other research reports. The Goldman Sachs Group reduced their target price on shares of América Móvil from $21.00 to $20.80 and set a “buy” rating for the company in a report on Monday, October 14th. Scotiabank dropped their price target on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a research report on Wednesday, October 16th. Finally, UBS Group dropped their price target on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a research report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.08.

América Móvil Stock Performance

Shares of AMX opened at $16.86 on Friday. América Móvil has a 12 month low of $15.55 and a 12 month high of $20.31. The firm has a fifty day simple moving average of $16.57 and a 200 day simple moving average of $17.51. The stock has a market capitalization of $52.35 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 0.98 and a beta of 0.95. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.98.

América Móvil Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be given a dividend of $0.245 per share. This is a positive change from América Móvil’s previous semi-annual dividend of $0.18. This represents a yield of 2%. The ex-dividend date of this dividend is Friday, November 8th. América Móvil’s dividend payout ratio is 22.22%.

Institutional Trading of América Móvil

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMX. Blue Trust Inc. raised its position in shares of América Móvil by 195.9% in the third quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock valued at $60,000 after purchasing an additional 2,322 shares during the period. Harbour Capital Advisors LLC raised its position in shares of América Móvil by 64.3% in the third quarter. Harbour Capital Advisors LLC now owns 44,700 shares of the Wireless communications provider’s stock valued at $721,000 after purchasing an additional 17,500 shares during the period. NBC Securities Inc. raised its position in shares of América Móvil by 17.7% in the third quarter. NBC Securities Inc. now owns 19,748 shares of the Wireless communications provider’s stock valued at $323,000 after purchasing an additional 2,967 shares during the period. Perfromance Wealth Partners LLC bought a new position in shares of América Móvil in the third quarter valued at about $226,000. Finally, University of Texas Texas AM Investment Management Co. raised its position in shares of América Móvil by 233.8% in the second quarter. University of Texas Texas AM Investment Management Co. now owns 36,925 shares of the Wireless communications provider’s stock valued at $628,000 after purchasing an additional 25,864 shares during the period. 6.30% of the stock is owned by institutional investors.

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.