América Móvil, S.A.B. 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. In addition, the company offers residential broadband services; IT solutions for small businesses and large corporations; and cable and satellite pay television subscriptions. Further, it sells equipment, accessories, and computers; and offers telephone directories, wireless security, call center, advertising, media, and software development services. Additionally, the company provides video, audio, and other media content through the Internet directly from the content provider to the end user. It sells its products and services under the Telcel, Telmex Infinitum, and A1 brands through a network of retailers and service centers to retail customers; and through sales force to corporate customers. As of December 31, 2021, the company had approximately 286.5 million wireless voice and data subscribers. América Móvil, S.A.B. de C.V. was incorporated in 2000 and is based in Mexico City, Mexico.
Wall Street Analysts Forecast Growth
AMX has been the subject of a number of recent analyst reports. Citigroup upgraded shares of América Móvil from a "neutral" rating to a "buy" rating and set a $23.00 price objective for the company in a research report on Thursday, August 4th. Barclays reduced their price objective on shares of América Móvil from $23.00 to $22.00 and set an "overweight" rating for the company in a research report on Thursday, July 14th. Finally, StockNews.com upgraded shares of América Móvil from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, August 10th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $20.80.
América Móvil Stock Down 0.4 %
AMX Stock opened at $19.32 on Tuesday. The stock has a market capitalization of $62.04 billion, a P/E ratio of 6.59, a PEG ratio of 0.61 and a beta of 0.83. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.71 and a current ratio of 0.77. América Móvil has a one year low of $16.90 and a one year high of $22.65. The company has a 50 day moving average price of $19.28 and a two-hundred day moving average price of $19.75.
América Móvil (NYSE:AMX - Get Rating) last released its earnings results on Tuesday, July 12th. The Wireless communications provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.18). The firm had revenue of $10.86 billion during 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%. As a group, sell-side analysts expect that América Móvil will post 1.23 EPS for the current year.
América Móvil Cuts Dividend
The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Friday, August 26th will be paid a dividend of $0.1964 per share. The ex-dividend date is Thursday, August 25th. This represents a dividend yield of 1.8%. América Móvil's dividend payout ratio is presently 6.83%.