América Móvil, S.A.B. de C.V. (AMX) To Go Ex-Dividend on November 8th

América Móvil, S.A.B. de C.V. (NYSE:AMX) announced a dividend on Tuesday, October 15th, NASDAQ reports. Stockholders of record on Friday, November 8th will be given a dividend of 0.245 per share by the Wireless communications provider on Monday, November 18th. The ex-dividend date of this dividend is Friday, November 8th. This is a boost from América Móvil’s previous dividend of $0.18.

América Móvil has decreased its dividend payment by an average of 10.3% annually over the last three years. América Móvil has a dividend payout ratio of 14.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect América Móvil to earn $1.85 per share next year, which means the company should continue to be able to cover its $0.26 annual dividend with an expected future payout ratio of 14.1%.

América Móvil Stock Up 2.0 %

AMX stock opened at $16.77 on Thursday. América Móvil has a one year low of $15.55 and a one year high of $20.31. The firm has a market cap of $52.07 billion, a PE ratio of 15.53, a PEG ratio of 0.98 and a beta of 0.95. The firm’s 50 day moving average price is $16.57 and its 200-day moving average price is $17.55. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.63 and a current ratio of 0.68.

América Móvil (NYSE:AMX) last issued its quarterly earnings data on Tuesday, July 16th. The Wireless communications provider reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.36). América Móvil had a net margin of 3.98% and a return on equity of 7.73%. The company had revenue of $11.93 billion during the quarter, compared to analysts’ expectations of $12.37 billion. On average, equities research analysts anticipate that América Móvil will post 1.39 EPS for the current year.

Wall Street Analysts Forecast Growth

AMX has been the subject of a number of research reports. UBS Group dropped their price objective on América Móvil from $23.30 to $22.60 and set a “buy” rating for the company in a research note on Thursday, July 18th. Scotiabank cut their price target on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a research note on Wednesday. The Goldman Sachs Group reduced their price target on shares of América Móvil from $21.00 to $20.80 and set a “buy” rating on the stock in a research report on Monday. Finally, StockNews.com assumed coverage on shares of América Móvil in a report on Thursday, October 10th. They issued a “strong-buy” rating for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $20.32.

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.