América Móvil (NYSE:AMX) PT Lowered to $20.80

América Móvil (NYSE:AMX) had its price objective cut by The Goldman Sachs Group from $21.00 to $20.80 in a report issued on Monday morning, Benzinga reports. They currently have a buy rating on the Wireless communications provider’s stock.

AMX has been the topic of a number of other reports. UBS Group lowered their price objective on América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a research report on Thursday, July 18th. StockNews.com initiated coverage on América Móvil in a research report on Thursday, October 10th. They set a “strong-buy” rating on the stock. Finally, Scotiabank lowered their price objective on América Móvil from $18.90 to $17.80 and set a “sector perform” rating on the stock in a research report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, América Móvil presently has an average rating of “Moderate Buy” and a consensus price target of $20.32.

América Móvil Trading Up 2.0 %

América Móvil stock opened at $16.77 on Monday. The business has a 50-day simple moving average of $16.57 and a two-hundred day simple moving average of $17.55. The company has a market cap of $52.07 billion, a P/E ratio of 15.53, a P/E/G ratio of 0.98 and a beta of 0.95. América Móvil has a 52-week low of $15.55 and a 52-week high of $20.31. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.98.

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

América Móvil Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be issued a $0.245 dividend. The ex-dividend date of this dividend is Friday, November 8th. This is a boost from América Móvil’s previous dividend of $0.18. América Móvil’s payout ratio is currently 24.07%.

Institutional Trading of América Móvil

Hedge funds have recently modified their holdings of the company. Private Ocean LLC purchased a new stake in shares of América Móvil during the 1st quarter worth approximately $26,000. Sound Income Strategies LLC raised its holdings in shares of América Móvil by 43.5% during the 1st quarter. Sound Income Strategies LLC now owns 3,466 shares of the Wireless communications provider’s stock worth $65,000 after acquiring an additional 1,051 shares in the last quarter. Rothschild Investment LLC purchased a new stake in shares of América Móvil during the 2nd quarter worth approximately $59,000. Headlands Technologies LLC raised its holdings in shares of 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 acquiring an additional 3,539 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in shares of América Móvil by 32.5% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 8,177 shares of the Wireless communications provider’s stock worth $153,000 after acquiring an additional 2,007 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.