StockNews.com Begins Coverage on América Móvil (NYSE:AMX)

StockNews.com started coverage on shares of América Móvil (NYSE:AMX) in a research report released on Tuesday. The brokerage issued a buy rating on the Wireless communications provider’s stock.

A number of other research firms have also recently issued reports on AMX. JPMorgan Chase & Co. raised their target price on 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 upgraded shares of América Móvil from a neutral rating to a buy rating and lifted their price objective for the company from $21.00 to $22.00 in a research note on Monday, April 29th. Finally, Scotiabank cut their price objective on shares of América Móvil from $19.60 to $19.00 and set a sector perform rating on the stock in a research note on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, América Móvil has a consensus rating of Moderate Buy and an average price target of $21.65.

América Móvil Stock Performance

AMX stock opened at $17.55 on Tuesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.61 and a current ratio of 0.65. The stock has a market capitalization of $54.49 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 1.05 and a beta of 0.94. América Móvil has a 1 year low of $15.99 and a 1 year high of $21.61. The stock’s fifty day moving average is $18.00 and its two-hundred day moving average is $18.35.

América Móvil (NYSE:AMX) last posted its earnings results on Tuesday, July 16th. The Wireless communications provider reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.36). The company had revenue of $11.93 billion during the quarter, compared to the consensus estimate of $12.37 billion. América Móvil had a net margin of 3.98% and a return on equity of 7.73%. On average, research analysts predict that América Móvil will post 1.45 EPS for the current year.

América Móvil Increases Dividend

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

Institutional Investors Weigh In On América Móvil

Hedge funds and other institutional investors have recently bought and sold shares of the business. Private Ocean LLC bought a new stake in América Móvil in the first quarter worth about $26,000. Principal Securities Inc. bought a new stake in América Móvil in the fourth quarter worth about $41,000. Sound Income Strategies LLC raised its position in América Móvil by 1,729.5% in the fourth quarter. Sound Income Strategies LLC now owns 2,415 shares of the Wireless communications provider’s stock worth $45,000 after acquiring an additional 2,283 shares in the last quarter. First United Bank & Trust purchased a new position in América Móvil in the 4th quarter worth about $53,000. Finally, Headlands Technologies LLC raised its holdings in América Móvil by 448.5% during the 1st quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider’s stock worth $81,000 after buying an additional 3,539 shares during the period. 6.30% of the stock is currently owned by institutional investors.

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 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.