América Móvil (NYSE:AMX) Reaches New 52-Week Low – What’s Next?

América Móvil, S.A.B. de C.V. (NYSE:AMX)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as $13.45 and last traded at $13.67, with a volume of 363 shares. The stock had previously closed at $13.80.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AMX. Scotiabank lowered 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 report on Wednesday, October 16th. JPMorgan Chase & Co. dropped their target price on América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. 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, StockNews.com raised shares of América Móvil from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, América Móvil presently has a consensus rating of “Moderate Buy” and an average price target of $18.98.

América Móvil Trading Up 0.1 %

The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. The company’s fifty day simple moving average is $14.52 and its 200-day simple moving average is $15.92. The company has a market capitalization of $42.41 billion, a P/E ratio of 20.64, a PEG ratio of 0.71 and a beta of 0.93.

Institutional Trading of América Móvil

A number of hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its position in shares of América Móvil by 30.8% during the second quarter. Envestnet Asset Management Inc. now owns 972,542 shares of the Wireless communications provider’s stock valued at $16,533,000 after buying an additional 228,856 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in América Móvil by 14.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 23,378 shares of the Wireless communications provider’s stock valued at $397,000 after acquiring an additional 3,016 shares during the last quarter. Profund Advisors LLC boosted its stake in América Móvil by 1.7% in the second quarter. Profund Advisors LLC now owns 37,515 shares of the Wireless communications provider’s stock valued at $638,000 after acquiring an additional 630 shares in the last quarter. Frank Rimerman Advisors LLC purchased a new position in América Móvil in the second quarter worth $217,000. Finally, AQR Capital Management LLC increased its position in shares of América Móvil by 343.1% during the second 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. Hedge funds and other institutional investors own 6.30% of the company’s stock.

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.