América Móvil (NYSE:AMX) Hits New 12-Month Low – Should You Sell?

Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $13.88 and last traded at $14.04, with a volume of 79631 shares. The stock had previously closed at $14.41.

Analysts Set New Price Targets

A number of research firms recently issued reports on AMX. StockNews.com began coverage on América Móvil in a report on Friday, January 3rd. They set a “buy” rating for the company. The Goldman Sachs Group cut their price target on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating on the stock in a report on Friday, November 15th. Finally, Scotiabank reduced their price target on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $19.48.

América Móvil Trading Down 1.9 %

The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. The stock’s 50 day moving average is $14.89 and its two-hundred day moving average is $16.14. The company has a market capitalization of $43.38 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 1.32 and a beta of 0.93.

América Móvil (NYSE:AMX) last released its quarterly earnings data on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.30). The business had revenue of $11.82 billion for the quarter, compared to the consensus estimate of $11.97 billion. América Móvil had a net margin of 4.45% and a return on equity of 8.61%. As a group, sell-side analysts predict that América Móvil, S.A.B. de C.V. will post 0.97 EPS for the current fiscal year.

América Móvil Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a $0.245 dividend. This represents a dividend yield of 2%. This is a positive change from América Móvil’s previous semi-annual dividend of $0.18. The ex-dividend date was Friday, November 8th. América Móvil’s payout ratio is presently 34.33%.

Hedge Funds Weigh In On América Móvil

A number of large investors have recently added to or reduced their stakes in the company. Discovery Capital Management LLC CT raised its stake in shares of América Móvil by 270.1% during the 2nd quarter. Discovery Capital Management LLC CT now owns 1,795,988 shares of the Wireless communications provider’s stock worth $30,532,000 after acquiring an additional 1,310,688 shares in the last quarter. Brandes Investment Partners LP increased its position in shares of América Móvil by 2.8% during the second quarter. Brandes Investment Partners LP now owns 1,213,424 shares of the Wireless communications provider’s stock worth $20,479,000 after purchasing an additional 33,006 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of América Móvil by 30.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 972,542 shares of the Wireless communications provider’s stock valued at $16,533,000 after purchasing an additional 228,856 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of América Móvil by 19.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 910,988 shares of the Wireless communications provider’s stock worth $14,904,000 after purchasing an additional 151,114 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in América Móvil by 5.7% during the 2nd quarter. American Century Companies Inc. now owns 886,985 shares of the Wireless communications provider’s stock worth $15,079,000 after buying an additional 47,941 shares during the last quarter. 6.30% of the stock is currently owned by 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.