StockNews.com started coverage on shares of América Móvil (NYSE:AMX - Free Report) in a research note issued to investors on Wednesday. The firm issued a buy rating on the Wireless communications provider's stock.
Several other research analysts have also issued reports on AMX. Scotiabank reduced their target price on América Móvil from $17.80 to $17.30 and set a "sector perform" rating on the stock in a research report on Wednesday, October 16th. UBS Group decreased their price target on shares of América Móvil from $23.30 to $22.60 and set a "buy" rating for the company in a report on Thursday, July 18th. Finally, The Goldman Sachs Group dropped their price objective on shares of América Móvil from $21.00 to $20.80 and set a "buy" rating on the stock in a report on Monday, October 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $20.08.
View Our Latest Stock Analysis on América Móvil
América Móvil Stock Up 1.3 %
AMX traded up $0.20 during trading on Wednesday, hitting $16.04. The stock had a trading volume of 2,640,521 shares, compared to its average volume of 1,552,322. The stock has a 50 day simple moving average of $16.36 and a two-hundred day simple moving average of $17.34. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.63 and a current ratio of 0.68. América Móvil has a twelve month low of $15.17 and a twelve month high of $20.31. The company has a market capitalization of $49.48 billion, a PE ratio of 23.94, a PEG ratio of 0.95 and a beta of 0.95.
América Móvil Increases Dividend
The business also recently disclosed 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. The ex-dividend date is Friday, November 8th. This represents a dividend yield of 2%. This is a positive change from América Móvil's previous semi-annual dividend of $0.18. América Móvil's dividend payout ratio (DPR) is presently 35.82%.
Institutional Investors Weigh In On América Móvil
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. lifted its position in shares of América Móvil by 10.1% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 23,799 shares of the Wireless communications provider's stock valued at $444,000 after buying an additional 2,177 shares in the last quarter. AIA Group Ltd increased its stake in América Móvil by 18.5% during the 1st quarter. AIA Group Ltd now owns 136,948 shares of the Wireless communications provider's stock worth $2,555,000 after buying an additional 21,354 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of América Móvil during the first quarter valued at approximately $293,000. Atomi Financial Group Inc. lifted its position in shares of América Móvil by 10.0% in the first quarter. Atomi Financial Group Inc. now owns 22,447 shares of the Wireless communications provider's stock valued at $419,000 after acquiring an additional 2,037 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of América Móvil by 6.4% during the first quarter. Sei Investments Co. now owns 997,260 shares of the Wireless communications provider's stock worth $18,609,000 after purchasing an additional 60,084 shares in the last quarter. Institutional investors and hedge funds own 6.30% of the company's stock.
About América Móvil
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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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