América Móvil, S.A.B. de C.V. (NYSE:AMX) Receives Consensus Recommendation of “Hold” from Analysts

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.

América Móvil (NYSE:AMX) last posted its quarterly earnings results on Monday, July 12th. The Wireless communications provider reported $0.64 EPS for the quarter, topping the consensus estimate of $0.36 by $0.28. América Móvil had a net margin of 9.99% and a return on equity of 34.73%. As a group, research analysts predict that América Móvil will post 1.19 EPS for the current year.

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

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.

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