América Móvil, S.A.B. de C.V. (NYSE:AMX) Given Average Rating of “Hold” by Brokerages

Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) have received a consensus rating of “Hold” from the nine analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $22.21.

Several equities analysts recently commented on the stock. Citigroup raised shares of América Móvil from a “neutral” rating to a “buy” rating and set a $23.50 price objective for the company in a research report on Thursday, August 17th. StockNews.com raised shares of América Móvil from a “hold” rating to a “buy” rating in a research report on Monday, November 13th. Bank of America raised shares of América Móvil from a “neutral” rating to a “buy” rating and raised their price target for the stock from $23.00 to $25.00 in a research report on Thursday, October 5th. HSBC raised shares of América Móvil from a “hold” rating to a “buy” rating and set a $21.50 price target for the company in a research report on Friday, October 20th. Finally, Jefferies Financial Group assumed coverage on shares of América Móvil in a research report on Tuesday, September 19th. They set a “hold” rating for the company.

Institutional Investors Weigh In On América Móvil

A number of institutional investors have recently added to or reduced their stakes in AMX. Invesco Ltd. grew its stake in América Móvil by 437.3% in the 1st quarter. Invesco Ltd. now owns 17,657,861 shares of the Wireless communications provider’s stock valued at $373,465,000 after acquiring an additional 14,371,448 shares during the period. Moneta Group Investment Advisors LLC boosted its stake in América Móvil by 83,299.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,190,495 shares of the Wireless communications provider’s stock worth $203,667,000 after purchasing an additional 11,177,077 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in América Móvil during the 2nd quarter worth $53,739,000. Lazard Asset Management LLC boosted its stake in América Móvil by 19.9% during the 2nd quarter. Lazard Asset Management LLC now owns 10,488,612 shares of the Wireless communications provider’s stock worth $226,972,000 after purchasing an additional 1,742,255 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in América Móvil by 32.5% during the 1st quarter. American Century Companies Inc. now owns 2,708,890 shares of the Wireless communications provider’s stock worth $57,022,000 after purchasing an additional 663,904 shares during the last quarter. Institutional investors and hedge funds own 5.55% of the company’s stock.

América Móvil Price Performance

NYSE:AMX opened at $17.70 on Monday. América Móvil has a fifty-two week low of $15.99 and a fifty-two week high of $23.07. The stock has a market capitalization of $55.67 billion, a P/E ratio of 14.51, a P/E/G ratio of 1.55 and a beta of 0.89. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.63 and a current ratio of 0.67. The company’s 50-day simple moving average is $17.23 and its 200-day simple moving average is $19.63.

América Móvil (NYSE:AMX) last released its quarterly earnings results on Tuesday, October 17th. The Wireless communications provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.27). The firm had revenue of $11.95 billion during the quarter, compared to the consensus estimate of $11.47 billion. América Móvil had a net margin of 8.55% and a return on equity of 18.82%. On average, equities analysts anticipate that América Móvil will post 1.48 earnings per share for the current fiscal year.

América Móvil Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, November 20th. Stockholders of record on Friday, November 10th will be issued a dividend of $0.3605 per share. This represents a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, November 9th. América Móvil’s dividend payout ratio (DPR) is 20.49%.

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.