StockNews.com Initiates Coverage on América Móvil (NYSE:AMX)

StockNews.com started coverage on shares of América Móvil (NYSE:AMX) in a research note released on Thursday morning. The firm issued a buy rating on the Wireless communications provider’s stock.

AMX has been the topic of a number of other reports. UBS Group lowered their price target 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. The Goldman Sachs Group dropped their price target on América Móvil from $21.00 to $20.80 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, Scotiabank reduced their price objective on América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, América Móvil currently has a consensus rating of “Moderate Buy” and an average target price of $19.48.

América Móvil Price Performance

NYSE:AMX opened at $15.10 on Thursday. The stock has a 50 day moving average of $16.21 and a two-hundred day moving average of $17.18. América Móvil has a 12 month low of $14.94 and a 12 month high of $20.31. The firm has a market cap of $46.36 billion, a P/E ratio of 22.54, a price-to-earnings-growth ratio of 0.93 and a beta of 0.95. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90.

América Móvil (NYSE:AMX) last issued its quarterly earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.30). The firm had revenue of $11.82 billion for the quarter, compared to analysts’ expectations of $11.97 billion. América Móvil had a return on equity of 8.61% and a net margin of 4.45%. On average, analysts expect that América Móvil will post 1.39 earnings per share for the current fiscal year.

América Móvil Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Rothschild Investment LLC acquired a new position in shares of América Móvil in the 2nd quarter valued at $59,000. Blue Trust Inc. raised its holdings in América Móvil by 195.9% in the 3rd quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock valued at $60,000 after buying an additional 2,322 shares during the period. CENTRAL TRUST Co lifted its position in América Móvil by 3,500.0% in the third quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider’s stock valued at $59,000 after buying an additional 3,500 shares during the last quarter. Headlands Technologies LLC boosted its stake in América Móvil by 448.5% during the first quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider’s stock worth $81,000 after buying an additional 3,539 shares during the period. Finally, Allworth Financial LP raised its stake in shares of América Móvil by 46.1% in the 3rd quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock valued at $81,000 after acquiring an additional 1,567 shares during the period. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

América Móvil Company Profile

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.