América Móvil, S.A.B. de C.V. (NYSE:AMX) Receives $19.48 Average Price Target from Brokerages

América Móvil, S.A.B. de C.V. (NYSE:AMX) has been assigned an average recommendation of “Hold” from the five ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $19.48.

A number of brokerages have recently issued reports on AMX. The Goldman Sachs Group cut their price objective on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a research note on Friday, November 15th. StockNews.com began coverage on shares of América Móvil in a research note on Friday, November 22nd. They issued a “buy” rating for the company. Finally, Scotiabank cut their price objective on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a research note on Wednesday, October 16th.

Institutional Investors Weigh In On América Móvil

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rothschild Investment LLC bought a new stake in América Móvil during the 2nd quarter valued at $59,000. CENTRAL TRUST Co raised its holdings in América Móvil by 3,500.0% in the 3rd quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider’s stock worth $59,000 after purchasing an additional 3,500 shares in the last quarter. 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 worth $60,000 after purchasing an additional 2,322 shares in the last quarter. Allworth Financial LP raised its holdings in América Móvil by 46.1% in the 3rd quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock worth $81,000 after purchasing an additional 1,567 shares in the last quarter. Finally, EP Wealth Advisors LLC bought a new position in América Móvil in the 3rd quarter worth $177,000. 6.30% of the stock is currently owned by institutional investors.

América Móvil Price Performance

Shares of NYSE:AMX opened at $15.09 on Friday. The firm has a market capitalization of $46.33 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 1.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. América Móvil has a one year low of $14.59 and a one year high of $20.31. The company’s fifty day moving average price is $15.79 and its 200-day moving average price is $16.73.

América Móvil (NYSE:AMX) last issued its earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.30). The firm had revenue of $11.82 billion during 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, equities research analysts anticipate that América Móvil will post 1.17 earnings per share for the current fiscal year.

América Móvil Increases Dividend

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

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.