America Movil (NYSE:AMX) Announces Quarterly Earnings Results

America Movil (NYSE:AMX) issued its earnings results on Tuesday. The Wireless communications provider reported $0.02 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.50), FiscalAI reports. America Movil had a net margin of 9.23% and a return on equity of 19.77%. The firm had revenue of $14.07 billion during the quarter, compared to analyst estimates of $13.72 billion.

America Movil Price Performance

NYSE:AMX traded down $0.01 on Wednesday, hitting $26.07. The company had a trading volume of 2,895,442 shares, compared to its average volume of 1,856,423. America Movil has a 52 week low of $17.05 and a 52 week high of $28.46. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $78.49 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 0.83 and a beta of 0.66. The firm has a 50 day moving average of $26.15 and a two-hundred day moving average of $24.66.

America Movil Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, July 14th will be paid a $0.3078 dividend. The ex-dividend date of this dividend is Tuesday, July 14th. America Movil’s dividend payout ratio is presently 37.58%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AMX. Lazard Asset Management LLC lifted its stake in shares of America Movil by 8.8% in the 3rd quarter. Lazard Asset Management LLC now owns 17,703,513 shares of the Wireless communications provider’s stock valued at $371,774,000 after acquiring an additional 1,430,626 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in America Movil in the 2nd quarter worth about $11,252,000. Marshall Wace LLP acquired a new position in America Movil in the 4th quarter worth about $9,749,000. Itau Unibanco Holding S.A. raised its position in America Movil by 23.6% in the fourth quarter. Itau Unibanco Holding S.A. now owns 2,450,123 shares of the Wireless communications provider’s stock valued at $50,758,000 after purchasing an additional 467,811 shares during the last quarter. Finally, Boston Partners raised its position in America Movil by 9.2% in the third quarter. Boston Partners now owns 4,508,739 shares of the Wireless communications provider’s stock valued at $94,684,000 after purchasing an additional 381,472 shares during the last quarter. 6.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMX has been the topic of several analyst reports. Wall Street Zen lowered shares of America Movil from a “strong-buy” rating to a “buy” rating in a research report on Monday. New Street Research restated a “buy” rating and set a $35.00 target price on shares of America Movil in a research note on Wednesday, June 17th. JPMorgan Chase & Co. upped their target price on America Movil from $24.50 to $30.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. The Goldman Sachs Group began coverage on America Movil in a research note on Monday, May 18th. They issued a “buy” rating and a $31.80 price target on the stock. Finally, Weiss Ratings raised America Movil from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, America Movil presently has an average rating of “Hold” and an average target price of $28.16.

About America Movil

América Móvil is a Mexican telecommunications company headquartered in Mexico City that provides a broad range of communications services. Established in the early 2000s out of the expansion of the Slim family’s telecommunications holdings, the company is a major provider of mobile and fixed-line telephony, broadband internet and pay-television services in the region. Its operations span retail consumer services as well as wholesale and enterprise solutions, positioning it as an integrated communications provider across multiple customer segments.

The company markets services under several regional brands—most notably Telcel in Mexico and Claro across many Latin American markets—and offers both prepaid and postpaid mobile plans, fixed and mobile broadband, fiber-to-the-home where available, and video/broadcast distribution services.