Analysts Set América Móvil, S.A.B. de C.V. (NYSE:AMX) Price Target at $19.48

Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) have been given an average recommendation of “Hold” by the five research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $19.48.

AMX has been the topic of a number of research analyst reports. Scotiabank reduced their price objective on shares of 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. StockNews.com started coverage on shares of América Móvil in a research report on Friday, November 22nd. They set a “buy” rating on the stock. Finally, The Goldman Sachs Group lowered their price objective on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a report on Friday, November 15th.

Hedge Funds Weigh In On América Móvil

Hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new position in América Móvil in the second quarter worth about $192,000. Hantz Financial Services Inc. bought a new stake in shares of América Móvil during the second quarter valued at approximately $1,215,000. Rothschild Investment LLC purchased a new position in América Móvil in the 2nd quarter worth approximately $59,000. Essex Financial Services Inc. bought a new position in América Móvil in the 2nd quarter valued at approximately $890,000. Finally, Rockline Wealth Management LLC bought a new stake in shares of América Móvil in the 2nd quarter worth $213,000. Institutional investors own 6.30% of the company’s stock.

América Móvil Stock Performance

América Móvil stock opened at $14.51 on Tuesday. América Móvil has a 1-year low of $13.90 and a 1-year high of $20.31. The firm has a market cap of $44.55 billion, a P/E ratio of 21.66, a P/E/G ratio of 1.32 and a beta of 0.94. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. The firm has a 50-day moving average of $15.22 and a 200-day moving average of $16.27.

América Móvil (NYSE:AMX) last issued its quarterly earnings data on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.30). América Móvil had a return on equity of 8.61% and a net margin of 4.45%. The business had revenue of $11.82 billion during the quarter, compared to the consensus estimate of $11.97 billion. Sell-side analysts expect that América Móvil will post 0.97 EPS for the current year.

América Móvil Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were issued a $0.245 dividend. This represents a yield of 2%. This is an increase from América Móvil’s previous semi-annual dividend of $0.18. The ex-dividend date of this dividend was Friday, November 8th. América Móvil’s payout ratio is 34.33%.

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.