América Móvil (NYSE:AMX) Trading 1.5% Higher – Time to Buy?

América Móvil, S.A.B. de C.V. (NYSE:AMX)’s stock price traded up 1.5% on Friday . The company traded as high as $14.62 and last traded at $14.60. 284,275 shares changed 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.

Analyst Upgrades and Downgrades

AMX has been the subject of a number of research analyst reports. The Goldman Sachs Group decreased their price objective on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a report on Friday, November 15th. StockNews.com assumed coverage on América Móvil in a research note on Friday, November 22nd. They issued a “buy” rating on the stock. Finally, Scotiabank reduced their price objective on 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $19.48.

América Móvil Stock Performance

The business has a 50-day simple moving average of $15.27 and a 200 day simple moving average of $16.30. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. The firm has a market cap of $44.76 billion, a PE ratio of 21.76, a PEG ratio of 1.32 and a beta of 0.94.

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

América Móvil Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a $0.245 dividend. This is a positive change from América Móvil’s previous semi-annual dividend of $0.18. The ex-dividend date of this dividend was Friday, November 8th. This represents a dividend yield of 2%. América Móvil’s dividend payout ratio is 34.33%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AMX. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of América Móvil by 5.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,839 shares of the Wireless communications provider’s stock worth $178,000 after buying an additional 608 shares in the last quarter. Profund Advisors LLC boosted its holdings in shares of América Móvil by 1.7% during the 2nd quarter. Profund Advisors LLC now owns 37,515 shares of the Wireless communications provider’s stock valued at $638,000 after purchasing an additional 630 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of América Móvil by 6.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 16,707 shares of the Wireless communications provider’s stock valued at $284,000 after purchasing an additional 1,025 shares in the last quarter. Allworth Financial LP increased its holdings in shares of América Móvil by 46.1% in the third quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock worth $81,000 after purchasing an additional 1,567 shares during the last quarter. Finally, Wealthspire Advisors LLC lifted its position in shares of América Móvil by 16.0% in the second quarter. Wealthspire Advisors LLC now owns 13,656 shares of the Wireless communications provider’s stock worth $232,000 after buying an additional 1,880 shares in the last quarter. 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.