Brokerages Set América Móvil, S.A.B. de C.V. (NYSE:AMX) Price Target at $14.20

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.

Shares of AMX stock traded up $0.14 during trading hours on Thursday, hitting $15.79. The company had a trading volume of 148,240 shares, compared to its average volume of 2,096,935. The business’s fifty day moving average is $15.33. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.49. América Móvil has a fifty-two week low of $11.59 and a fifty-two week high of $16.43. The firm has a market capitalization of $52.53 billion, a PE ratio of 10.60, a PEG ratio of 0.54 and a beta of 0.70.

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

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 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.

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