América Móvil (NYSE:AMX) Coverage Initiated at StockNews.com

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

AMX has been the subject of several other reports. Scotiabank decreased their target price on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a research report on Wednesday, October 16th. UBS Group lowered their target price on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Finally, The Goldman Sachs Group decreased their price target on América Móvil from $21.00 to $20.80 and set a “buy” rating for the company in a research note on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $20.08.

América Móvil Trading Up 1.3 %

Shares of NYSE AMX opened at $16.04 on Wednesday. The business has a 50 day simple moving average of $16.36 and a 200 day simple moving average of $17.34. América Móvil has a 52 week low of $15.17 and a 52 week high of $20.31. The stock has a market cap of $49.48 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 0.95 and a beta of 0.95. 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 Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be paid a $0.245 dividend. The ex-dividend date of this dividend is Friday, November 8th. This is a positive change from América Móvil’s previous semi-annual dividend of $0.18. This represents a dividend yield of 2%. América Móvil’s payout ratio is presently 35.82%.

Institutional Trading of América Móvil

Hedge funds have recently added to or reduced their stakes in the business. Envestnet Portfolio Solutions Inc. increased its position in América Móvil by 10.1% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 23,799 shares of the Wireless communications provider’s stock worth $444,000 after buying an additional 2,177 shares during the period. AIA Group Ltd grew its stake in shares of América Móvil by 18.5% in the first quarter. AIA Group Ltd now owns 136,948 shares of the Wireless communications provider’s stock worth $2,555,000 after acquiring an additional 21,354 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in América Móvil during the first quarter worth $293,000. Atomi Financial Group Inc. raised its stake in América Móvil by 10.0% during the 1st quarter. Atomi Financial Group Inc. now owns 22,447 shares of the Wireless communications provider’s stock valued at $419,000 after purchasing an additional 2,037 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in América Móvil by 6.4% in the 1st quarter. Sei Investments Co. now owns 997,260 shares of the Wireless communications provider’s stock valued at $18,609,000 after purchasing an additional 60,084 shares during the period. Institutional investors 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.