América Móvil (NYSE:AMX) Issues Quarterly Earnings Results

América Móvil (NYSE:AMX) announced its quarterly earnings results on Tuesday. The Wireless communications provider reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.36), Yahoo Finance reports. América Móvil had a net margin of 7.28% and a return on equity of 13.93%. The business had revenue of $11.93 billion during the quarter, compared to analyst estimates of $12.37 billion.

América Móvil Trading Down 0.5 %

Shares of AMX traded down $0.09 during mid-day trading on Thursday, reaching $17.90. The company’s stock had a trading volume of 230,211 shares, compared to its average volume of 1,498,307. América Móvil has a 52 week low of $15.99 and a 52 week high of $21.61. The stock has a market cap of $55.58 billion, a PE ratio of 16.56, a P/E/G ratio of 1.07 and a beta of 0.94. The company’s fifty day moving average price is $18.10 and its two-hundred day moving average price is $18.36. The company has a current ratio of 0.65, a quick ratio of 0.61 and a debt-to-equity ratio of 0.81.

América Móvil Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, July 22nd. Investors of record on Friday, July 12th will be given a $0.2608 dividend. This is an increase from América Móvil’s previous semi-annual dividend of $0.18. The ex-dividend date is Friday, July 12th. This represents a yield of 2.1%. América Móvil’s payout ratio is presently 25.00%.

Wall Street Analysts Forecast Growth

AMX has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price objective on shares of América Móvil from $15.00 to $17.50 and gave the company an “underweight” rating in a research note on Monday, April 1st. The Goldman Sachs Group raised shares of América Móvil from a “neutral” rating to a “buy” rating and raised their price target for the company from $21.00 to $22.00 in a research report on Monday, April 29th. StockNews.com initiated coverage on shares of América Móvil in a research report on Tuesday. They set a “buy” rating on the stock. Finally, Scotiabank dropped their price target on shares of América Móvil from $19.00 to $18.90 and set a “sector perform” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, América Móvil has an average rating of “Moderate Buy” and a consensus price target of $21.68.

América Móvil Company Profile

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 also 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.