América Móvil, S.A.B. de C.V. (NYSE:AMX) has been given a consensus recommendation of “Hold” by the five ratings firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $13.50.
Separately, Zacks Investment Research cut América Móvil from a “strong-buy” rating to a “hold” rating and set a $16.00 price objective on the stock. in a research note on Wednesday, May 26th.
A number of hedge funds have recently added to or reduced their stakes in the business. Wealthcare Advisory Partners LLC acquired a new stake in shares of América Móvil in the first quarter valued at approximately $42,000. Pacer Advisors Inc. grew its holdings in shares of América Móvil by 64.6% in the 1st quarter. Pacer Advisors Inc. now owns 5,061 shares of the Wireless communications provider’s stock worth $69,000 after acquiring an additional 1,987 shares during the period. Lester Murray Antman dba SimplyRich acquired a new stake in shares of América Móvil in the 1st quarter worth approximately $178,000. XTX Topco Ltd acquired a new stake in shares of América Móvil in the 1st quarter worth approximately $179,000. Finally, MARSHALL WACE ASIA Ltd acquired a new stake in shares of América Móvil in the 4th quarter worth approximately $183,000. 6.21% of the stock is currently owned by institutional investors.
América Móvil (NYSE:AMX) last posted its quarterly earnings data on Monday, July 12th. The Wireless communications provider reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.28. América Móvil had a return on equity of 34.73% and a net margin of 9.99%. Equities research analysts expect that América Móvil will post 1.19 earnings per share for the current year.
The company also recently declared a semi-annual dividend, which will be paid on Monday, July 26th. Shareholders of record on Friday, July 16th will be issued a dividend of $0.20 per share. This represents a yield of 2.3%. The ex-dividend date is Thursday, July 15th. This is a boost from América Móvil’s previous semi-annual dividend of $0.18. América Móvil’s payout ratio is 65.57%.
About América Móvil
AmÃ©rica MÃ³vil, 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 also 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.
Featured Article: Understanding each part of a balance sheet
Receive News & Ratings for América Móvil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for América Móvil and related companies with MarketBeat.com's FREE daily email newsletter.