América Móvil, S.A.B. de C.V. (NYSE:AMX - Get Free Report) shares shot up 1.5% during mid-day trading on Friday . The stock traded as high as $14.62 and last traded at $14.60. 284,275 shares were traded during trading, a decline of 82% from the average session volume of 1,581,521 shares. The stock had previously closed at $14.39.
Analysts Set New Price Targets
Several research firms have recently commented on AMX. The Goldman Sachs Group lowered their price target on shares of 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 decreased their target price 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. Finally, StockNews.com initiated coverage on América Móvil in a report on Friday, November 22nd. They set a "buy" rating on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, América Móvil has an average rating of "Moderate Buy" and an average target price of $19.48.
Check Out Our Latest Analysis on América Móvil
América Móvil Stock Performance
The stock has a market cap of $44.55 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 1.32 and a beta of 0.94. The company's 50 day simple moving average is $15.22 and its 200 day simple moving average is $16.28. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72.
América Móvil (NYSE:AMX - Get Free Report) last posted its quarterly earnings data on Tuesday, October 15th. The Wireless communications provider reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.30). América Móvil had a net margin of 4.45% and a return on equity of 8.61%. The company had revenue of $11.82 billion for the quarter, compared to analyst estimates of $11.97 billion. On average, equities research analysts anticipate that América Móvil, S.A.B. de C.V. will post 0.97 earnings per share 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 paid a $0.245 dividend. This represents a dividend yield of 2%. The ex-dividend date of this dividend was Friday, November 8th. This is an increase from América Móvil's previous semi-annual dividend of $0.18. América Móvil's payout ratio is currently 34.33%.
Institutional Trading of América Móvil
Several institutional investors have recently modified their holdings of AMX. Envestnet Asset Management Inc. boosted its holdings in América Móvil by 30.8% during the second quarter. Envestnet Asset Management Inc. now owns 972,542 shares of the Wireless communications provider's stock worth $16,533,000 after buying an additional 228,856 shares in the last quarter. FMR LLC boosted its stake in shares of América Móvil by 125.6% during the 3rd quarter. FMR LLC now owns 65,590 shares of the Wireless communications provider's stock worth $1,073,000 after acquiring an additional 36,520 shares in the last quarter. Brandes Investment Partners LP grew its holdings in shares of América Móvil by 2.8% in the 2nd quarter. Brandes Investment Partners LP now owns 1,213,424 shares of the Wireless communications provider's stock worth $20,479,000 after acquiring an additional 33,006 shares during the last quarter. Wealthspire Advisors LLC grew its holdings in shares of América Móvil by 16.0% in the 2nd quarter. Wealthspire Advisors LLC now owns 13,656 shares of the Wireless communications provider's stock worth $232,000 after acquiring an additional 1,880 shares during the last quarter. Finally, Discovery Capital Management LLC CT raised its position in shares of América Móvil by 270.1% during the second quarter. Discovery Capital Management LLC CT now owns 1,795,988 shares of the Wireless communications provider's stock worth $30,532,000 after purchasing an additional 1,310,688 shares during the period. Institutional investors and hedge funds own 6.30% of the company's stock.
América Móvil Company Profile
(
Get Free Report)
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.
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