América Móvil (NYSE:AMX) Upgraded to Buy by New Street Research

New Street Research upgraded shares of América Móvil (NYSE:AMX – Get Rating) from a neutral rating to a buy rating in a research report sent to investors on Tuesday, Marketbeat reports. The brokerage currently has $27.00 target price on the Wireless communications provider’s stock, up from their prior target price of $21.00.

Other equities research analysts also recently issued reports about the company. HSBC downgraded América Móvil from a buy rating to a hold rating and cut their price target for the stock from $22.50 to $21.50 in a research report on Monday, April 10th. StockNews.com raised América Móvil from a hold rating to a strong-buy rating in a research report on Tuesday. JPMorgan Chase & Co. downgraded América Móvil from a neutral rating to an underweight rating and set a $19.00 price target on the stock. in a research report on Thursday, February 23rd. Finally, Citigroup downgraded América Móvil from a buy rating to a neutral rating in a research report on Wednesday, May 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $22.43.

América Móvil Price Performance

NYSE AMX opened at $22.96 on Tuesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.67 and a quick ratio of 0.62. The stock’s fifty day moving average price is $21.27 and its 200 day moving average price is $20.29. América Móvil has a 1 year low of $16.13 and a 1 year high of $23.07. The company has a market cap of $72.55 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 0.72 and a beta of 0.88.

América Móvil (NYSE:AMX – Get Rating) last announced its quarterly earnings results on Tuesday, February 14th. The Wireless communications provider reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. The company had revenue of $10.97 billion for the quarter, compared to the consensus estimate of $10.62 billion. América Móvil had a return on equity of 19.11% and a net margin of 8.90%. As a group, equities research analysts forecast that América Móvil will post 1.4 earnings per share for the current year.

América Móvil Dividend Announcement

The company also recently announced a semi-annual dividend, which will be paid on Monday, November 13th. Stockholders of record on Friday, November 10th will be paid a dividend of $0.3605 per share. This represents a dividend yield of 1.5%. The ex-dividend date is Thursday, November 9th. América Móvil’s payout ratio is currently 47.11%.

Institutional Investors Weigh In On América Móvil

Several hedge funds have recently modified their holdings of the company. Glass Jacobson Investment Advisors llc purchased a new position in América Móvil in the 4th quarter valued at about $27,000. UBS Asset Management Americas Inc. purchased a new position in América Móvil in the 2nd quarter valued at about $28,000. Financial Freedom LLC purchased a new position in América Móvil in the 4th quarter valued at about $28,000. Concourse Financial Group Securities Inc. purchased a new position in América Móvil in the 4th quarter valued at about $34,000. Finally, Penserra Capital Management LLC purchased a new position in América Móvil in the 3rd quarter valued at about $36,000. 5.55% of the stock is owned by hedge funds and other institutional investors.

About América Móvil

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America Movil SAB de CV engages in the provision of telecommunications services. The firm operates through the following segments: Mexico Wireless, Mexico Fixed, Brazil, Colombia, Southern Cone (Argentina, Chile, Paraguay and Uruguay), Andean Region (Ecuador and Peru), Central America (Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama), the Caribbean (the Dominican Republic and Puerto Rico) and Europe (Austria, Belarus, Bulgaria, Croatia, Macedonia, Serbia and Slovenia).