Seven Eight Capital LP Invests $679,000 in América Móvil, S.A.B. de C.V. (NYSE:AMX)

Seven Eight Capital LP purchased a new position in shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) in the first quarter, Holdings Channel.com reports. The fund purchased 36,386 shares of the Wireless communications provider’s stock, valued at approximately $679,000.

Other institutional investors also recently modified their holdings of the company. Private Ocean LLC acquired a new position in América Móvil in the 1st quarter worth about $26,000. Principal Securities Inc. acquired a new position in América Móvil in the 4th quarter worth about $41,000. First United Bank & Trust acquired a new position in América Móvil in the 4th quarter worth about $53,000. Sound Income Strategies LLC increased its holdings in América Móvil by 43.5% in the 1st quarter. Sound Income Strategies LLC now owns 3,466 shares of the Wireless communications provider’s stock worth $65,000 after purchasing an additional 1,051 shares in the last quarter. Finally, Headlands Technologies LLC grew its position in shares of América Móvil by 448.5% in the 1st quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider’s stock valued at $81,000 after buying an additional 3,539 shares during the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Scotiabank reduced their price target on América Móvil from $19.00 to $18.90 and set a “sector perform” rating on the stock in a research report on Wednesday, July 17th. JPMorgan Chase & Co. upped their price target on América Móvil from $15.00 to $17.50 and gave the company an “underweight” rating in a research report on Monday, April 1st. StockNews.com assumed coverage on América Móvil in a research report on Tuesday, July 16th. They issued a “buy” rating on the stock. UBS Group reduced their price target 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. Finally, The Goldman Sachs Group upgraded América Móvil from a “neutral” rating to a “buy” rating and upped their price target for the company from $21.00 to $22.00 in a research report on Monday, April 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, América Móvil currently has an average rating of “Moderate Buy” and a consensus price target of $21.65.

América Móvil Trading Down 1.6 %

Shares of América Móvil stock traded down $0.29 on Tuesday, hitting $17.32. 1,005,498 shares of the company’s stock traded hands, compared to its average volume of 1,502,731. América Móvil, S.A.B. de C.V. has a one year low of $15.99 and a one year high of $21.61. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.68 and a quick ratio of 0.63. The company has a fifty day moving average of $17.95 and a two-hundred day moving average of $18.34. The company has a market capitalization of $53.78 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 1.03 and a beta of 0.95.

América Móvil (NYSE:AMX) last announced its quarterly earnings results on Tuesday, July 16th. The Wireless communications provider reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.36). The firm had revenue of $11.93 billion during the quarter, compared to the consensus estimate of $12.37 billion. América Móvil had a return on equity of 7.73% and a net margin of 3.98%. As a group, sell-side analysts expect that América Móvil, S.A.B. de C.V. will post 1.45 earnings per share for the current year.

América Móvil Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, July 22nd. Shareholders of record on Friday, July 12th were issued a $0.2608 dividend. The ex-dividend date of this dividend was Friday, July 12th. This represents a yield of 2.1%. This is a positive change from América Móvil’s previous semi-annual dividend of $0.18. América Móvil’s dividend payout ratio is presently 24.07%.

América Móvil 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 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.