América Móvil, S.A.B. de C.V. (NYSE:AMX) Receives $20.08 Consensus PT from Brokerages

América Móvil, S.A.B. de C.V. (NYSE:AMX) has been given an average recommendation of “Hold” by the five brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $20.08.

Several equities analysts have weighed in on AMX shares. UBS Group dropped their price objective on América Móvil from $23.30 to $22.60 and set a “buy” rating for the company in a report on Thursday, July 18th. Scotiabank cut 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. The Goldman Sachs Group decreased their target price on shares of América Móvil from $21.00 to $20.80 and set a “buy” rating on the stock in a report on Monday, October 14th. Finally, StockNews.com initiated coverage on shares of América Móvil in a research report on Wednesday. They set a “buy” rating on the stock.

América Móvil Price Performance

NYSE:AMX opened at $16.04 on Monday. América Móvil has a 52 week low of $15.17 and a 52 week 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 firm’s 50-day simple moving average is $16.36 and its 200 day simple moving average is $17.34. The firm has a market cap of $49.48 billion, a price-to-earnings ratio of 23.94, a P/E/G ratio of 0.95 and a beta of 0.95.

América Móvil Increases Dividend

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

Institutional Investors Weigh In On América Móvil

A number of institutional investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC lifted its holdings in América Móvil by 448.5% during the 1st quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider’s stock worth $81,000 after buying an additional 3,539 shares during the period. Envestnet Asset Management Inc. raised its holdings in América Móvil by 30.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 972,542 shares of the Wireless communications provider’s stock worth $16,533,000 after purchasing an additional 228,856 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of América Móvil by 43.9% in the 1st quarter. Cetera Investment Advisers now owns 117,758 shares of the Wireless communications provider’s stock valued at $2,197,000 after purchasing an additional 35,930 shares during the last quarter. Seven Eight Capital LP bought a new position in América Móvil during the first quarter worth $679,000. Finally, Team Hewins LLC acquired a new position in América Móvil in the first quarter valued at $312,000. 6.30% of the stock is owned by 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 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.