América Móvil (NYSE:AMX) Now Covered by StockNews.com

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

AMX has been the subject of several other research reports. Scotiabank reduced their price objective on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a research report on Wednesday, October 16th. UBS Group dropped their price target on América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a report on Thursday, July 18th. Finally, The Goldman Sachs Group reduced their price objective on América Móvil from $21.00 to $20.80 and set a “buy” rating for the company in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $20.08.

América Móvil Stock Up 1.3 %

Shares of AMX stock opened at $16.04 on Wednesday. América Móvil has a 1 year low of $15.17 and a 1 year high of $20.31. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.63 and a current ratio of 0.68. The business’s fifty day moving average is $16.36 and its 200-day moving average is $17.34. The stock has a market cap of $49.48 billion, a PE ratio of 23.94, a price-to-earnings-growth ratio of 0.95 and a beta of 0.95.

América Móvil Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be given a $0.245 dividend. This represents a dividend yield of 2%. The ex-dividend date of this dividend is Friday, November 8th. This is an increase from América Móvil’s previous semi-annual dividend of $0.18. América Móvil’s dividend payout ratio is 35.82%.

Hedge Funds Weigh In On América Móvil

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. grew its holdings in shares of América Móvil by 10.1% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 23,799 shares of the Wireless communications provider’s stock valued at $444,000 after buying an additional 2,177 shares in the last quarter. AIA Group Ltd increased its holdings in shares of América Móvil by 18.5% in the 1st quarter. AIA Group Ltd now owns 136,948 shares of the Wireless communications provider’s stock valued at $2,555,000 after purchasing an additional 21,354 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in shares of América Móvil during the first quarter worth approximately $293,000. Atomi Financial Group Inc. grew its position in América Móvil by 10.0% during the first quarter. Atomi Financial Group Inc. now owns 22,447 shares of the Wireless communications provider’s stock valued at $419,000 after purchasing an additional 2,037 shares in the last quarter. Finally, Sei Investments Co. increased its stake in América Móvil by 6.4% in the 1st quarter. Sei Investments Co. now owns 997,260 shares of the Wireless communications provider’s stock valued at $18,609,000 after buying an additional 60,084 shares during the period. 6.30% of the stock is currently 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.