StockNews.com assumed coverage on shares of América Móvil (NYSE:AMX - Free Report) in a report issued on Tuesday. The brokerage issued a buy rating on the Wireless communications provider's stock.
A number of other analysts also recently commented on the company. The Goldman Sachs Group decreased their price target on América Móvil from $21.00 to $20.80 and set a "buy" rating for the company in a research report on Monday, October 14th. Scotiabank decreased their target price on 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, UBS Group decreased their target price on América Móvil from $23.30 to $22.60 and set a "buy" rating for the company in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $20.08.
Check Out Our Latest Analysis on AMX
América Móvil Stock Performance
Shares of AMX traded down $0.61 on Tuesday, reaching $16.11. 1,399,425 shares of the company's stock traded hands, compared to its average volume of 1,554,061. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.98. The stock has a market cap of $50.02 billion, a PE ratio of 15.49, a PEG ratio of 0.98 and a beta of 0.95. The stock's 50 day simple moving average is $16.52 and its two-hundred day simple moving average is $17.44. América Móvil has a 52-week low of $15.55 and a 52-week high of $20.31.
América Móvil Increases Dividend
The business also recently declared a semi-annual dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be issued a $0.245 dividend. This is a positive change from América Móvil's previous semi-annual dividend of $0.18. This represents a dividend yield of 2%. The ex-dividend date of this dividend is Friday, November 8th. América Móvil's dividend payout ratio (DPR) is presently 22.22%.
Hedge Funds Weigh In On América Móvil
Large investors have recently made changes to their positions in the stock. Rothschild Investment LLC bought a new stake in América Móvil during the second quarter valued at $59,000. Blue Trust Inc. boosted its stake 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 buying an additional 2,322 shares during the period. CENTRAL TRUST Co boosted its stake in América Móvil by 3,500.0% during the third quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider's stock valued at $59,000 after buying an additional 3,500 shares during the period. Headlands Technologies LLC boosted its stake in América Móvil by 448.5% during the first quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider's stock valued at $81,000 after buying an additional 3,539 shares during the period. Finally, Allworth Financial LP boosted its stake in América Móvil by 46.1% during the third quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider's stock valued at $81,000 after buying an additional 1,567 shares during the period. 6.30% of the stock is owned by institutional investors.
América Móvil Company Profile
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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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