América Móvil (NYSE:AMX) Upgraded to Buy at Piper Sandler

Piper Sandler upgraded shares of América Móvil (NYSE:AMXGet Rating) from a neutral rating to a buy rating in a report released on Tuesday morning, Marketbeat Ratings reports.

Several other brokerages have also recently issued reports on AMX. UBS Group raised shares of América Móvil from a neutral rating to a buy rating and reduced their target price for the stock from $20.50 to $20.40 in a report on Monday. StockNews.com lowered shares of América Móvil from a strong-buy rating to a buy rating in a research report on Thursday, August 18th. Barclays lowered their price target on shares of América Móvil from $23.00 to $22.00 and set an overweight rating on the stock in a research report on Thursday, July 14th. Finally, Citigroup upgraded shares of América Móvil from a neutral rating to a buy rating and set a $23.00 price target on the stock in a research report on Thursday, August 4th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $20.73.

América Móvil Stock Up 4.2 %

Shares of NYSE AMX opened at $17.42 on Tuesday. The firm’s 50-day moving average price is $18.27 and its 200-day moving average price is $19.64. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $55.66 billion, a price-to-earnings ratio of 5.95, a P/E/G ratio of 0.53 and a beta of 0.84. América Móvil has a 12-month low of $16.42 and a 12-month high of $22.65.

América Móvil (NYSE:AMXGet Rating) last issued its earnings results on Tuesday, July 12th. The Wireless communications provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.18). The company had revenue of $10.86 billion for the quarter, compared to analysts’ expectations of $10.74 billion. América Móvil had a return on equity of 20.04% and a net margin of 21.24%. On average, equities research analysts anticipate that América Móvil will post 1.24 EPS for the current fiscal year.

América Móvil Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, September 6th. Shareholders of record on Friday, August 26th were issued a dividend of $0.1964 per share. The ex-dividend date was Thursday, August 25th. This represents a yield of 1.8%. América Móvil’s payout ratio is presently 21.84%.

Hedge Funds Weigh In On América Móvil

A number of large investors have recently made changes to their positions in the business. Investors Research Corp boosted its position in América Móvil by 1.8% during the first quarter. Investors Research Corp now owns 28,719 shares of the Wireless communications provider’s stock worth $607,000 after purchasing an additional 500 shares during the period. Allworth Financial LP raised its stake in shares of América Móvil by 71.4% in the first quarter. Allworth Financial LP now owns 1,368 shares of the Wireless communications provider’s stock valued at $29,000 after purchasing an additional 570 shares in the last quarter. Qtron Investments LLC raised its stake in shares of América Móvil by 0.4% in the fourth quarter. Qtron Investments LLC now owns 149,294 shares of the Wireless communications provider’s stock valued at $3,152,000 after purchasing an additional 593 shares in the last quarter. Personal CFO Solutions LLC raised its stake in shares of América Móvil by 4.1% in the first quarter. Personal CFO Solutions LLC now owns 15,360 shares of the Wireless communications provider’s stock valued at $325,000 after purchasing an additional 604 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in América Móvil by 3.8% during the first quarter. HighTower Advisors LLC now owns 17,406 shares of the Wireless communications provider’s stock worth $367,000 after acquiring an additional 640 shares in the last quarter. Institutional investors and hedge funds own 5.71% of the company’s stock.

América Móvil Company Profile

(Get Rating)

América Móvil, SAB. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including 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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Analyst Recommendations for América Móvil (NYSE:AMX)

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