América Móvil (NYSE:AMX) Now Covered by StockNews.com

StockNews.com started coverage on shares of América Móvil (NYSE:AMX) in a research note released on Thursday morning. The brokerage issued a buy rating on the Wireless communications provider’s stock.

AMX has been the subject of a number of other reports. UBS Group cut their price objective on América Móvil from $23.30 to $22.60 and set a “buy” rating for the company in a research report on Thursday, July 18th. Scotiabank cut their target price on 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, The Goldman Sachs Group lowered their price target on América Móvil from $21.00 to $20.80 and set a “buy” rating for the company in a research report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $19.48.

América Móvil Trading Up 0.6 %

NYSE:AMX traded up $0.09 during trading hours on Thursday, hitting $15.10. The company had a trading volume of 767,606 shares, compared to its average volume of 1,543,707. 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 has a 1 year low of $14.97 and a 1 year high of $20.31. The company has a 50-day moving average of $16.23 and a 200 day moving average of $17.21. The company has a market cap of $46.36 billion, a P/E ratio of 22.49, a P/E/G ratio of 0.93 and a beta of 0.95.

América Móvil (NYSE:AMX) last posted its earnings results 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). The firm had revenue of $11.82 billion during the quarter, compared to analyst estimates of $11.97 billion. América Móvil had a net margin of 4.45% and a return on equity of 8.61%. Sell-side analysts expect that América Móvil will post 1.39 earnings per share for the current year.

América Móvil Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be paid a $0.245 dividend. 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 is Friday, November 8th. América Móvil’s dividend payout ratio (DPR) is presently 35.82%.

Hedge Funds Weigh In On América Móvil

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital International Investors grew its stake in shares of América Móvil by 4.4% during the first quarter. Capital International Investors now owns 65,339,145 shares of the Wireless communications provider’s stock worth $1,219,228,000 after purchasing an additional 2,741,127 shares in the last quarter. Discovery Capital Management LLC CT boosted its position in shares of América Móvil by 270.1% during the 2nd 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 in the last quarter. Lazard Asset Management LLC boosted its position in shares of América Móvil by 9.9% during the 1st quarter. Lazard Asset Management LLC now owns 12,528,301 shares of the Wireless communications provider’s stock worth $233,777,000 after acquiring an additional 1,128,671 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of América Móvil by 76.0% during 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 acquiring an additional 317,800 shares in the last quarter. Finally, Capital International Inc. CA raised its position in shares of América Móvil by 9.5% during the 1st quarter. Capital International Inc. CA now owns 2,986,890 shares of the Wireless communications provider’s stock worth $55,735,000 after acquiring an additional 258,203 shares in the last quarter. Hedge funds and other institutional investors own 6.30% of the company’s stock.

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.