StockNews.com Begins Coverage on América Móvil (NYSE:AMX)

StockNews.com initiated coverage on shares of América Móvil (NYSE:AMX) in a report issued on Friday morning. The brokerage issued a buy rating on the Wireless communications provider’s stock.

A number of other research firms have also recently commented on AMX. The Goldman Sachs Group reduced their price objective on América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a research report on Friday, November 15th. Scotiabank reduced their price target on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $19.48.

América Móvil Stock Down 1.1 %

AMX opened at $15.02 on Friday. The stock has a market capitalization of $46.11 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 1.01 and a beta of 0.95. The firm has a 50 day moving average price of $16.08 and a 200-day moving average price of $17.04. América Móvil has a twelve month low of $14.87 and a twelve month high of $20.31. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90.

América Móvil (NYSE:AMX) last announced its earnings results 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). The company had revenue of $11.82 billion for the quarter, compared to analysts’ expectations of $11.97 billion. América Móvil had a net margin of 4.45% and a return on equity of 8.61%. Equities research analysts forecast that América Móvil will post 1.25 earnings per share for the current year.

América Móvil Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued a $0.245 dividend. This is a boost from América Móvil’s previous semi-annual dividend of $0.18. This represents a yield of 2%. The ex-dividend date of this dividend was Friday, November 8th. América Móvil’s dividend payout ratio (DPR) is currently 34.33%.

Institutional Trading of América Móvil

Hedge funds have recently bought and sold shares of the stock. Rothschild Investment LLC purchased a new position in shares of América Móvil during the 2nd quarter valued at about $59,000. CENTRAL TRUST Co raised its stake in América Móvil by 3,500.0% during the 3rd quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider’s stock worth $59,000 after acquiring an additional 3,500 shares during the period. Blue Trust Inc. lifted 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 valued at $60,000 after purchasing an additional 2,322 shares in the last quarter. Allworth Financial LP boosted its position in shares of América Móvil by 46.1% in the third quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock worth $81,000 after purchasing an additional 1,567 shares during the period. Finally, EP Wealth Advisors LLC bought a new position in shares of América Móvil in the third quarter worth approximately $177,000. 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.