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

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. StockNews.com began coverage on América Móvil in a research note on Friday, January 3rd. They issued a “buy” rating for the company. The Goldman Sachs Group lowered their target price on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating on the stock in a research note 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 for the company in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $19.48.

América Móvil Stock Down 0.8 %

The company’s 50-day simple moving average is $14.81 and its two-hundred day simple moving average is $16.11. The firm has a market capitalization of $42.43 billion, a P/E ratio of 20.63, a P/E/G ratio of 1.32 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67.

América Móvil (NYSE:AMX) last posted its quarterly earnings data on Tuesday, October 15th. The Wireless communications provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.30). The company had revenue of $11.82 billion during the quarter, compared to the consensus estimate of $11.97 billion. América Móvil had a return on equity of 8.61% and a net margin of 4.45%. As a group, research analysts expect that América Móvil, S.A.B. de C.V. will post 0.97 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, November 18th. Shareholders of record on Friday, November 8th were given a $0.245 dividend. This is a positive change from América Móvil’s previous semi-annual dividend of $0.18. This represents a dividend yield of 2%. The ex-dividend date was Friday, November 8th. América Móvil’s dividend payout ratio is presently 34.33%.

Institutional Trading of América Móvil

Institutional investors and hedge funds have recently modified their holdings of the company. Discovery Capital Management LLC CT increased its stake in América Móvil by 270.1% in 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 buying an additional 1,310,688 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of América Móvil by 76.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 736,107 shares of the Wireless communications provider’s stock worth $12,043,000 after purchasing an additional 317,800 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in 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 period. AQR Capital Management LLC lifted its holdings in América Móvil by 343.1% in the 2nd quarter. AQR Capital Management LLC now owns 294,907 shares of the Wireless communications provider’s stock worth $5,013,000 after purchasing an additional 228,353 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in América Móvil by 1,545.1% in the 3rd quarter. International Assets Investment Management LLC now owns 185,702 shares of the Wireless communications provider’s stock worth $30,380,000 after purchasing an additional 174,414 shares during the period. 6.30% of the stock is currently owned by institutional investors.

About América Móvil

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.