América Móvil (NYSE:AMX) Earns Buy Rating from Analysts at StockNews.com

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

A number of other research analysts have also recently commented on the company. JPMorgan Chase & Co. upped their price objective on América Móvil from $15.00 to $17.50 and gave the company an underweight rating in a report on Monday, April 1st. The Goldman Sachs Group upgraded América Móvil from a neutral rating to a buy rating and upped their price objective for the company from $21.00 to $22.00 in a report on Monday, April 29th. Finally, Scotiabank cut their target price on América Móvil from $19.60 to $19.00 and set a sector perform rating on the stock in a research report on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, América Móvil presently has a consensus rating of Moderate Buy and an average target price of $21.69.

América Móvil Trading Up 0.6 %

Shares of América Móvil stock opened at $17.10 on Friday. The stock has a market cap of $53.10 billion, a P/E ratio of 15.83, a P/E/G ratio of 0.99 and a beta of 0.95. The stock’s 50 day simple moving average is $18.42 and its 200-day simple moving average is $18.43. América Móvil has a 1-year low of $15.99 and a 1-year high of $22.26. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.65 and a quick ratio of 0.61.

América Móvil (NYSE:AMX) last issued its earnings results on Tuesday, April 16th. The Wireless communications provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.17). América Móvil had a return on equity of 13.93% and a net margin of 7.28%. The company had revenue of $11.98 billion for the quarter, compared to analyst estimates of $11.96 billion. Analysts predict that América Móvil will post 1.45 EPS for the current fiscal year.

América Móvil Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, July 22nd. Investors of record on Friday, July 12th will be paid a dividend of $0.2608 per share. The ex-dividend date of this dividend is Friday, July 12th. This represents a dividend yield of 2.1%. This is an increase from América Móvil’s previous semi-annual dividend of $0.18. América Móvil’s payout ratio is presently 24.07%.

Hedge Funds Weigh In On América Móvil

A number of institutional investors and hedge funds have recently modified their holdings of AMX. Schroder Investment Management Group grew its stake in shares of América Móvil by 178.8% during the fourth quarter. Schroder Investment Management Group now owns 9,821,322 shares of the Wireless communications provider’s stock worth $181,891,000 after purchasing an additional 6,298,239 shares in the last quarter. Capital International Investors grew its stake in shares of América Móvil by 9.9% during the fourth quarter. Capital International Investors now owns 62,598,018 shares of the Wireless communications provider’s stock worth $1,158,783,000 after purchasing an additional 5,627,860 shares in the last quarter. Oaktree Capital Management LP acquired a new position in América Móvil in the fourth quarter valued at $42,575,000. Lazard Asset Management LLC boosted its stake in América Móvil by 9.9% in the first quarter. Lazard Asset Management LLC now owns 12,528,301 shares of the Wireless communications provider’s stock valued at $233,777,000 after acquiring an additional 1,128,671 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in shares of América Móvil during the fourth quarter worth about $20,341,000. Institutional investors and hedge funds own 6.30% of the company’s stock.

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 also 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.