América Móvil (NYSE:AMX) Upgraded to “Strong-Buy” by StockNews.com

StockNews.com upgraded shares of América Móvil (NYSE:AMX) from a buy rating to a strong-buy rating in a report issued on Friday.

A number of other equities analysts also recently issued reports on the company. UBS Group lowered their price target on América Móvil from $23.30 to $22.60 and set a buy rating on the stock in a research report on Thursday, July 18th. Scotiabank reduced their target price on América Móvil from $19.00 to $18.90 and set a sector perform rating for the company in a report on Wednesday, July 17th. Finally, The Goldman Sachs Group raised América Móvil from a neutral rating to a buy rating and increased their target price for the company from $21.00 to $22.00 in a report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $21.65.

América Móvil Stock Performance

Shares of AMX stock opened at $17.18 on Friday. The company has a market capitalization of $53.34 billion, a P/E ratio of 15.91, a P/E/G ratio of 1.02 and a beta of 0.95. The business’s 50 day moving average is $17.19 and its two-hundred day moving average is $18.19. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.98. América Móvil has a 12-month low of $15.55 and a 12-month high of $20.64.

América Móvil (NYSE:AMX) last issued its quarterly 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 business had revenue of $11.93 billion for the quarter, compared to analysts’ expectations of $12.37 billion. América Móvil had a return on equity of 7.73% and a net margin of 3.98%. Analysts expect that América Móvil will post 1.37 EPS for the current fiscal year.

América Móvil Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, July 22nd. Investors of record on Friday, July 12th were issued a $0.2608 dividend. This represents a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, July 12th. This is a boost from América Móvil’s previous semi-annual dividend of $0.18. América Móvil’s dividend payout ratio (DPR) is currently 24.07%.

Institutional Investors Weigh In On América Móvil

Several hedge funds and other institutional investors have recently made changes to their positions in AMX. Private Ocean LLC acquired a new stake in shares of América Móvil in the first quarter valued at approximately $26,000. Principal Securities Inc. acquired a new stake in América Móvil during the fourth quarter worth $41,000. First United Bank & Trust acquired a new stake in América Móvil during the fourth quarter worth $53,000. Rothschild Investment LLC acquired a new stake in América Móvil during the second quarter worth $59,000. Finally, Sound Income Strategies LLC increased its stake in América Móvil by 43.5% during the first quarter. Sound Income Strategies LLC now owns 3,466 shares of the Wireless communications provider’s stock worth $65,000 after acquiring an additional 1,051 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.