América Móvil (NYSE:AMX) Lowered to “Buy” at StockNews.com

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

Several other equities analysts also recently weighed in on AMX. UBS Group cut their target price on América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Scotiabank cut 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 report on Wednesday. Finally, The Goldman Sachs Group lowered 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, América Móvil has a consensus rating of “Moderate Buy” and an average price target of $20.32.

América Móvil Stock Performance

América Móvil stock opened at $17.14 on Friday. The company’s 50-day moving average price is $16.57 and its 200-day moving average price is $17.54. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.98. The company has a market cap of $53.20 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 0.98 and a beta of 0.95. América Móvil has a twelve month low of $15.55 and a twelve month high of $20.31.

América Móvil (NYSE:AMX) last issued its quarterly earnings data on Tuesday, July 16th. The Wireless communications provider reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.36). The company had revenue of $11.93 billion for the quarter, compared to the consensus estimate of $12.37 billion. América Móvil had a return on equity of 7.73% and a net margin of 3.98%. On average, equities research analysts forecast that América Móvil will post 1.39 EPS for the current fiscal year.

América Móvil Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be given a $0.245 dividend. This represents a yield of 2%. The ex-dividend date of this dividend is Friday, November 8th. This is an increase from América Móvil’s previous semi-annual dividend of $0.18. América Móvil’s dividend payout ratio is 24.07%.

Institutional Trading of América Móvil

A number of large investors have recently made changes to their positions in the stock. Blue Trust Inc. increased its stake in América Móvil by 195.9% in the 3rd quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock worth $60,000 after buying an additional 2,322 shares during the period. Harbour Capital Advisors LLC grew its stake in América Móvil by 64.3% in the 3rd quarter. Harbour Capital Advisors LLC now owns 44,700 shares of the Wireless communications provider’s stock worth $721,000 after acquiring an additional 17,500 shares in the last quarter. NBC Securities Inc. increased its position in shares of América Móvil by 17.7% during the third quarter. NBC Securities Inc. now owns 19,748 shares of the Wireless communications provider’s stock worth $323,000 after acquiring an additional 2,967 shares during the period. Perfromance Wealth Partners LLC bought a new stake in shares of América Móvil during the third quarter valued at approximately $226,000. Finally, University of Texas Texas AM Investment Management Co. raised its stake in shares of América Móvil by 233.8% during 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 acquiring an additional 25,864 shares in the last quarter. 6.30% of the stock is owned by hedge funds and other 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.