América Móvil, S.A.B. de C.V. (NYSE:AMX) Declares Dividend Increase – $0.24 Per Share

América Móvil, S.A.B. de C.V. (NYSE:AMX) announced a dividend on Tuesday, October 15th, NASDAQ reports. Investors of record on Friday, November 8th will be given a dividend of 0.245 per share by the Wireless communications provider on Monday, November 18th. The ex-dividend date is Friday, November 8th. This is a positive change from América Móvil’s previous dividend of $0.18.

América Móvil has decreased its dividend payment by an average of 10.3% annually over the last three years. América Móvil has a payout ratio of 14.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect América Móvil to earn $1.85 per share next year, which means the company should continue to be able to cover its $0.26 annual dividend with an expected future payout ratio of 14.1%.

América Móvil Trading Up 2.0 %

América Móvil stock traded up $0.33 during midday trading on Wednesday, hitting $16.77. 2,461,371 shares of the stock were exchanged, compared to its average volume of 1,564,617. América Móvil has a fifty-two week low of $15.55 and a fifty-two week high of $20.31. The stock has a market capitalization of $52.07 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 0.98 and a beta of 0.95. The stock’s 50-day simple moving average is $16.57 and its 200 day simple moving average is $17.56. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.98.

América Móvil (NYSE:AMX) last released its quarterly earnings data on Tuesday, July 16th. The Wireless communications provider reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.36). América Móvil had a return on equity of 7.73% and a net margin of 3.98%. The firm had revenue of $11.93 billion for the quarter, compared to analyst estimates of $12.37 billion. On average, equities analysts anticipate that América Móvil will post 1.39 EPS for the current year.

Analyst Upgrades and Downgrades

AMX has been the subject of a number of recent analyst reports. The Goldman Sachs Group dropped their price target on shares of América Móvil from $21.00 to $20.80 and set a “buy” rating for the company in a research report on Monday. StockNews.com assumed coverage on shares of América Móvil in a research note on Thursday, October 10th. They issued a “strong-buy” rating for the company. UBS Group lowered their price objective on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating for the company in a research note on Thursday, July 18th. Finally, Scotiabank lowered 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 note on Wednesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, América Móvil currently has a consensus rating of “Moderate Buy” and an average price target of $20.32.

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.