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

Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Get Free Report) have received a consensus rating of "Hold" from the five ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $19.48.

AMX has been the topic of several research reports. Scotiabank decreased their price target on shares of América Móvil from $17.80 to $17.30 and set a "sector perform" rating on the stock in a research note on Wednesday, October 16th. The Goldman Sachs Group reduced their price target on América Móvil from $20.80 to $17.80 and set a "buy" rating on the stock in a research report on Friday, November 15th. Finally, StockNews.com assumed coverage on América Móvil in a research report on Friday, November 22nd. They issued a "buy" rating for the company.

Hedge Funds Weigh In On América Móvil

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of América Móvil by 5.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,839 shares of the Wireless communications provider's stock valued at $178,000 after acquiring an additional 608 shares in the last quarter. Profund Advisors LLC grew its holdings in shares of América Móvil by 1.7% during the second quarter. Profund Advisors LLC now owns 37,515 shares of the Wireless communications provider's stock valued at $638,000 after buying an additional 630 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of América Móvil by 6.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 16,707 shares of the Wireless communications provider's stock valued at $284,000 after acquiring an additional 1,025 shares in the last quarter. Allworth Financial LP raised its holdings in América Móvil by 46.1% in the 3rd quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider's stock worth $81,000 after acquiring an additional 1,567 shares during the last quarter. Finally, Wealthspire Advisors LLC lifted its position in América Móvil by 16.0% in the 2nd quarter. Wealthspire Advisors LLC now owns 13,656 shares of the Wireless communications provider's stock valued at $232,000 after acquiring an additional 1,880 shares in the last quarter. Hedge funds and other institutional investors own 6.30% of the company's stock.

América Móvil Stock Performance

América Móvil stock traded up $0.16 during mid-day trading on Tuesday, reaching $14.21. 584,195 shares of the company's stock were exchanged, compared to its average volume of 1,583,858. The firm has a market capitalization of $43.62 billion, a PE ratio of 21.21, a P/E/G ratio of 1.32 and a beta of 0.94. América Móvil has a one year low of $13.90 and a one year 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. The business's fifty day simple moving average is $15.42 and its 200 day simple moving average is $16.35.

América Móvil (NYSE:AMX - Get Free Report) last announced its quarterly 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 company had revenue of $11.82 billion during 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%. On average, sell-side analysts expect that América Móvil will post 0.97 earnings per share for the current year.

América Móvil Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were given a dividend of $0.245 per share. The ex-dividend date of this dividend was Friday, November 8th. This is a positive change from América Móvil's previous semi-annual dividend of $0.18. This represents a dividend yield of 2%. América Móvil's payout ratio is currently 34.33%.

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.