America Movil (NYSE:AMX) Releases Earnings Results, Misses Expectations By $0.05 EPS

America Movil (NYSE:AMXGet Free Report) released its quarterly earnings data on Tuesday. The Wireless communications provider reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.05), Zacks reports. The business had revenue of $13.78 billion during the quarter, compared to analysts’ expectations of $13.76 billion. America Movil had a return on equity of 19.77% and a net margin of 9.23%.

America Movil Stock Performance

Shares of America Movil stock traded up $0.11 on Thursday, reaching $26.23. 1,693,617 shares of the company traded hands, compared to its average volume of 1,859,221. America Movil has a 52 week low of $17.80 and a 52 week high of $28.46. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.72 and a quick ratio of 0.67. The company has a 50 day moving average of $26.13 and a 200 day moving average of $24.70. The firm has a market capitalization of $78.95 billion, a PE ratio of 16.69, a PEG ratio of 0.84 and a beta of 0.66.

America Movil Dividend Announcement

The business also recently declared a special dividend, which was paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th were given a dividend of $0.3078 per share. The ex-dividend date was Tuesday, July 14th. America Movil’s dividend payout ratio is presently 37.58%.

Institutional Investors Weigh In On America Movil

Hedge funds and other institutional investors have recently bought and sold shares of the business. Atlas Capital Advisors Inc. bought a new position in shares of America Movil in the fourth quarter valued at approximately $37,000. EverSource Wealth Advisors LLC lifted its stake in America Movil by 142.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock worth $38,000 after purchasing an additional 1,235 shares in the last quarter. Arax Advisory Partners lifted its stake in America Movil by 34.0% in the 4th quarter. Arax Advisory Partners now owns 2,412 shares of the Wireless communications provider’s stock worth $50,000 after purchasing an additional 612 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in America Movil in the 2nd quarter valued at $54,000. Finally, National Bank of Canada FI grew its position in shares of America Movil by 71.0% during the 3rd quarter. National Bank of Canada FI now owns 4,301 shares of the Wireless communications provider’s stock valued at $91,000 after purchasing an additional 1,786 shares in the last quarter. Institutional investors own 6.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AMX. Wall Street Zen cut America Movil from a “strong-buy” rating to a “buy” rating in a research report on Monday. JPMorgan Chase & Co. increased their price objective on shares of America Movil from $24.50 to $30.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. The Goldman Sachs Group assumed coverage on shares of America Movil in a report on Monday, May 18th. They set a “buy” rating and a $31.80 target price for the company. Scotiabank cut their price objective on shares of America Movil from $21.80 to $20.80 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th. Finally, UBS Group upped their price target on America Movil to $31.50 and gave the company a “buy” rating in a research note on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, America Movil currently has an average rating of “Hold” and a consensus price target of $28.16.

Read Our Latest Stock Analysis on America Movil

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About America Movil

(Get Free Report)

América Móvil is a Mexican telecommunications company headquartered in Mexico City that provides a broad range of communications services. Established in the early 2000s out of the expansion of the Slim family’s telecommunications holdings, the company is a major provider of mobile and fixed-line telephony, broadband internet and pay-television services in the region. Its operations span retail consumer services as well as wholesale and enterprise solutions, positioning it as an integrated communications provider across multiple customer segments.

The company markets services under several regional brands—most notably Telcel in Mexico and Claro across many Latin American markets—and offers both prepaid and postpaid mobile plans, fixed and mobile broadband, fiber-to-the-home where available, and video/broadcast distribution services.

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Earnings History for America Movil (NYSE:AMX)

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