Analysts Set América Móvil, S.A.B. de C.V. (NYSE:AMX) PT at $20.08

América Móvil, S.A.B. de C.V. (NYSE:AMX - Get Free Report) has received a consensus rating of "Hold" from the five ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $20.08.

AMX has been the subject of a number of analyst reports. UBS Group dropped their price target on shares of 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 dropped their price objective on América Móvil from $17.80 to $17.30 and set a "sector perform" rating for the company in a report on Wednesday, October 16th. StockNews.com assumed coverage on América Móvil in a report on Tuesday, October 29th. They set a "buy" rating on the stock. Finally, The Goldman Sachs Group reduced their price objective on shares of América Móvil from $21.00 to $20.80 and set a "buy" rating on the stock in a research note on Monday, October 14th.

América Móvil Stock Performance

América Móvil stock traded up $0.44 during midday trading on Monday, hitting $16.05. The company's stock had a trading volume of 1,223,778 shares, compared to its average volume of 1,549,569. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.68 and a quick ratio of 0.63. The company has a market cap of $49.51 billion, a price-to-earnings ratio of 23.96, a PEG ratio of 0.96 and a beta of 0.95. América Móvil has a 1-year low of $15.55 and a 1-year high of $20.31. The company has a 50-day moving average price of $16.39 and a two-hundred day moving average price of $17.37.

América Móvil Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be paid a dividend of $0.245 per share. This is an increase from América Móvil's previous semi-annual dividend of $0.18. The ex-dividend date is Friday, November 8th. This represents a yield of 2%. América Móvil's payout ratio is presently 40.30%.

Institutional Investors Weigh In On América Móvil

A number of hedge funds have recently made changes to their positions in AMX. Capital International Investors increased its holdings 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 buying an additional 2,741,127 shares in the last quarter. Discovery Capital Management LLC CT increased its holdings in América Móvil by 270.1% in 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 purchasing an additional 1,310,688 shares in the last quarter. Lazard Asset Management LLC increased its holdings in América Móvil by 9.9% in 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 purchasing an additional 1,128,671 shares in the last quarter. Capital International Inc. CA raised its position in América Móvil by 9.5% in the first quarter. Capital International Inc. CA now owns 2,986,890 shares of the Wireless communications provider's stock valued at $55,735,000 after purchasing an additional 258,203 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of 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 valued at $16,533,000 after purchasing an additional 228,856 shares in the last quarter. 6.30% of the stock is currently owned by institutional investors and hedge funds.

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.