América Móvil (NYSE:AMX) Stock Price Up 1.5% – Here’s Why

América Móvil, S.A.B. de C.V. (NYSE:AMX)’s share price shot up 1.5% during mid-day trading on Friday . The company traded as high as $14.62 and last traded at $14.60. 284,275 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 1,581,521 shares. The stock had previously closed at $14.39.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. StockNews.com initiated coverage on shares of América Móvil in a research note on Friday, November 22nd. They set a “buy” rating for the company. The Goldman Sachs Group decreased their price target on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating on the stock in a report on Friday, November 15th. Finally, Scotiabank dropped their price objective on América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $19.48.

América Móvil Stock Up 1.3 %

The stock’s fifty day moving average price is $15.27 and its 200 day moving average price is $16.30. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. The stock has a market cap of $44.76 billion, a P/E ratio of 21.76, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94.

América Móvil (NYSE:AMX) last released its earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.30). América Móvil had a net margin of 4.45% and a return on equity of 8.61%. The firm had revenue of $11.82 billion during the quarter, compared to the consensus estimate of $11.97 billion. As a group, research analysts forecast that América Móvil, S.A.B. de C.V. will post 0.97 earnings per share for the current fiscal year.

América Móvil Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were given a $0.245 dividend. This is an increase from América Móvil’s previous semi-annual dividend of $0.18. The ex-dividend date was Friday, November 8th. This represents a yield of 2%. América Móvil’s payout ratio is presently 34.33%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. International Assets Investment Management LLC bought a new position in shares of América Móvil during the second quarter valued at about $192,000. Hantz Financial Services Inc. purchased a new stake in América Móvil in the second quarter worth $1,215,000. Rothschild Investment LLC bought a new stake in shares of América Móvil in the 2nd quarter worth approximately $59,000. Essex Financial Services Inc. purchased a new position in América Móvil during the second quarter valued at $890,000. Finally, Rockline Wealth Management LLC bought a new position in shares of América Móvil during the second quarter valued at $213,000. 6.30% of the stock is owned by hedge funds and other institutional investors.

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.