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

América Móvil, S.A.B. de C.V. (NYSE:AMX) has been assigned a consensus recommendation of “Hold” from the five research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $19.48.

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

América Móvil Price Performance

AMX stock opened at $14.96 on Friday. The business’s fifty day moving average price is $15.84 and its 200 day moving average price is $16.75. América Móvil has a 12-month low of $14.59 and a 12-month high of $20.31. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $45.91 billion, a PE ratio of 22.32, a P/E/G ratio of 1.07 and a beta of 0.94.

América Móvil (NYSE:AMX) last issued its quarterly earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share (EPS) 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 business had revenue of $11.82 billion for the quarter, compared to analysts’ expectations of $11.97 billion. On average, sell-side analysts anticipate that América Móvil will post 1.17 EPS for the current year.

América Móvil Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a dividend of $0.245 per share. This is a boost from América Móvil’s previous semi-annual dividend of $0.18. This represents a dividend yield of 2%. The ex-dividend date of this dividend was Friday, November 8th. América Móvil’s payout ratio is 35.82%.

Hedge Funds Weigh In On América Móvil

Several large investors have recently bought and sold shares of AMX. Rothschild Investment LLC acquired a new position in shares of América Móvil during the 2nd quarter worth about $59,000. CENTRAL TRUST Co increased its stake in América Móvil by 3,500.0% in the third quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider’s stock valued at $59,000 after purchasing an additional 3,500 shares during the last quarter. Blue Trust Inc. raised its holdings in América Móvil by 195.9% during the third quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock worth $60,000 after purchasing an additional 2,322 shares in the last quarter. Allworth Financial LP lifted its position in shares of América Móvil by 46.1% during the 3rd quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock worth $81,000 after buying an additional 1,567 shares during the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in shares of América Móvil in the 3rd quarter valued at $177,000. Hedge funds and other institutional investors own 6.30% of the company’s stock.

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.