América Móvil, S.A.B. de C.V. (NYSE:AMX) has been assigned a consensus rating of “Hold” from the five brokerages that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $13.50.
Separately, Zacks Investment Research cut América Móvil from a “strong-buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a research report on Wednesday, May 26th.
NYSE:AMX traded up $0.14 during trading hours on Thursday, hitting $15.79. 148,240 shares of the company’s stock traded hands, compared to its average volume of 2,096,935. América Móvil has a twelve month low of $11.59 and a twelve month high of $16.43. The stock has a market cap of $52.53 billion, a price-to-earnings ratio of 10.60, a P/E/G ratio of 0.54 and a beta of 0.70. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a fifty day moving average price of $15.33.
The firm also recently declared a semi-annual dividend, which will be paid on Monday, July 26th. Stockholders of record on Friday, July 16th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, July 15th. This represents a dividend yield of 2.3%. This is an increase from América Móvil’s previous semi-annual dividend of $0.18. América Móvil’s dividend payout ratio (DPR) is currently 65.57%.
A number of institutional investors have recently bought and sold shares of the business. Amundi Pioneer Asset Management Inc. lifted its position in shares of América Móvil by 0.8% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 298,600 shares of the Wireless communications provider’s stock worth $4,264,000 after buying an additional 2,500 shares during the last quarter. HighTower Advisors LLC lifted its holdings in América Móvil by 17.8% in the 4th quarter. HighTower Advisors LLC now owns 15,941 shares of the Wireless communications provider’s stock worth $232,000 after purchasing an additional 2,407 shares during the last quarter. Wetherby Asset Management Inc. grew its holdings in América Móvil by 31.3% during the fourth quarter. Wetherby Asset Management Inc. now owns 14,301 shares of the Wireless communications provider’s stock valued at $208,000 after purchasing an additional 3,406 shares during the last quarter. Eqis Capital Management Inc. grew its holdings in América Móvil by 6.6% during the fourth quarter. Eqis Capital Management Inc. now owns 14,557 shares of the Wireless communications provider’s stock valued at $212,000 after purchasing an additional 903 shares during the last quarter. Finally, LPL Financial LLC raised its position in shares of América Móvil by 10.9% in the fourth quarter. LPL Financial LLC now owns 57,849 shares of the Wireless communications provider’s stock valued at $841,000 after purchasing an additional 5,697 shares during the period. 6.21% of the stock is currently owned by hedge funds and other institutional investors.
About América Móvil
AmÃ©rica MÃ³vil, 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.
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