América Móvil (NYSE:AMX) Earns Buy Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of América Móvil (NYSE:AMX - Free Report) in a research report sent to investors on Friday. The firm issued a buy rating on the Wireless communications provider's stock.

Several other brokerages have also issued reports 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 on the stock in a research note on Friday, November 15th. Scotiabank dropped their price target on 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. 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 company currently has an average rating of "Moderate Buy" and a consensus price target of $19.48.

América Móvil Trading Down 3.5 %

NYSE:AMX traded down $0.50 during trading hours on Friday, hitting $13.92. 1,737,239 shares of the stock were exchanged, compared to its average volume of 1,516,719. The company has a market capitalization of $42.73 billion, a P/E ratio of 20.78, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. América Móvil has a twelve month low of $13.90 and a twelve month high of $20.31. The company's 50 day moving average is $15.02 and its two-hundred day moving average is $16.21.

América Móvil (NYSE:AMX - Get Free Report) last issued its earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.30). América Móvil had a net margin of 4.45% and a return on equity of 8.61%. The firm had revenue of $11.82 billion during the quarter, compared to the consensus estimate of $11.97 billion. On average, sell-side analysts anticipate that América Móvil will post 0.97 earnings per share for the current fiscal year.

América Móvil Increases Dividend

The firm 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%. This is an increase from América Móvil's previous semi-annual dividend of $0.18. The ex-dividend date of this dividend was Friday, November 8th. América Móvil's payout ratio is currently 34.33%.

Institutional Trading of América Móvil

Several hedge funds have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. grew its position in 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 buying an additional 608 shares during the period. Profund Advisors LLC boosted its stake in América Móvil by 1.7% in the 2nd quarter. Profund Advisors LLC now owns 37,515 shares of the Wireless communications provider's stock worth $638,000 after purchasing an additional 630 shares during the period. 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 buying an additional 1,025 shares during the period. Allworth Financial LP increased its holdings in shares of América Móvil by 46.1% in the third quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider's stock worth $81,000 after purchasing an additional 1,567 shares during the period. Finally, Wealthspire Advisors LLC increased its position in shares of América Móvil by 16.0% in the second quarter. Wealthspire Advisors LLC now owns 13,656 shares of the Wireless communications provider's stock worth $232,000 after purchasing an additional 1,880 shares during the last quarter. Institutional investors and hedge funds own 6.30% of the company's stock.

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.