América Móvil (NYSE:AMX) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of América Móvil (NYSE:AMX) in a report released on Tuesday. The brokerage issued a buy rating on the Wireless communications provider’s stock.

A number of other research analysts also recently commented on the company. Scotiabank lowered their target price on América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a research note on Wednesday, October 16th. UBS Group lowered their price target 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. Finally, The Goldman Sachs Group cut their price objective 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, October 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.08.

América Móvil Trading Down 0.6 %

Shares of NYSE:AMX opened at $15.75 on Tuesday. The firm has a fifty day moving average of $16.45 and a two-hundred day moving average of $17.40. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.98. América Móvil has a 12-month low of $15.55 and a 12-month high of $20.31. The firm has a market capitalization of $48.90 billion, a P/E ratio of 14.58, a price-to-earnings-growth ratio of 0.98 and a beta of 0.95.

América Móvil Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be paid a $0.245 dividend. This represents a dividend yield of 2%. This is an increase from América Móvil’s previous semi-annual dividend of $0.18. The ex-dividend date is Friday, November 8th. América Móvil’s dividend payout ratio (DPR) is presently 22.22%.

Hedge Funds Weigh In On América Móvil

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital International Investors lifted its stake in shares of América Móvil by 4.4% in the first quarter. Capital International Investors now owns 65,339,145 shares of the Wireless communications provider’s stock worth $1,219,228,000 after buying an additional 2,741,127 shares during the last quarter. Lazard Asset Management LLC lifted its position in América Móvil by 9.9% during the 1st quarter. Lazard Asset Management LLC now owns 12,528,301 shares of the Wireless communications provider’s stock worth $233,777,000 after acquiring an additional 1,128,671 shares during the last quarter. Capital International Inc. CA boosted its holdings in América Móvil by 9.5% during the first quarter. Capital International Inc. CA now owns 2,986,890 shares of the Wireless communications provider’s stock valued at $55,735,000 after acquiring an additional 258,203 shares during the period. Capital Group Private Client Services Inc. grew its position in shares of América Móvil by 3.1% in the first quarter. Capital Group Private Client Services Inc. now owns 2,606,773 shares of the Wireless communications provider’s stock valued at $48,642,000 after purchasing an additional 79,550 shares during the last quarter. Finally, Discovery Capital Management LLC CT increased its stake in shares of América Móvil by 270.1% in the second quarter. Discovery Capital Management LLC CT now owns 1,795,988 shares of the Wireless communications provider’s stock worth $30,532,000 after purchasing an additional 1,310,688 shares during the period. Institutional investors and hedge funds own 6.30% of the company’s stock.

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.