América Móvil (NYSE:AMX) Sets New 52-Week Low - What's Next?

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on AMX. StockNews.com initiated coverage on shares of América Móvil in a report on Friday, January 3rd. They issued a "buy" rating on the stock. The Goldman Sachs Group lowered their price target on shares of América Móvil from $20.80 to $17.80 and set a "buy" rating on the stock in a research report on Friday, November 15th. Finally, Scotiabank cut their price target on 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 MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $19.48.

América Móvil Stock Performance

The company has a market cap of $42.83 billion, a price-to-earnings ratio of 20.82, 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 quick ratio of 0.67 and a current ratio of 0.72. The company has a fifty day moving average of $14.85 and a two-hundred day moving average of $16.13.

América Móvil (NYSE:AMX - Get Free Report) last announced its quarterly earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.30). The firm had revenue of $11.82 billion for the quarter, compared to analyst estimates of $11.97 billion. América Móvil had a net margin of 4.45% and a return on equity of 8.61%. Equities research analysts anticipate that América Móvil, S.A.B. de C.V. will post 0.97 EPS for the current year.

América Móvil Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were issued a dividend of $0.245 per share. This represents a yield of 2%. This is a positive change from América Móvil's previous semi-annual dividend of $0.18. The ex-dividend date of this dividend was Friday, November 8th. América Móvil's payout ratio is presently 34.33%.

Hedge Funds Weigh In On América Móvil

Several large investors have recently modified their holdings of the business. Blue Trust Inc. increased its holdings in América Móvil by 195.9% in the third quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider's stock valued at $60,000 after purchasing an additional 2,322 shares during the period. CENTRAL TRUST Co grew its position in shares of América Móvil by 3,500.0% in the 3rd quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider's stock valued at $59,000 after buying an additional 3,500 shares during the last quarter. Allworth Financial LP increased its stake in shares of América Móvil by 46.1% in the third quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider's stock valued at $81,000 after buying an additional 1,567 shares during the period. Modus Advisors LLC bought a new position in shares of América Móvil during the fourth quarter worth about $80,000. Finally, EP Wealth Advisors LLC acquired a new position in shares of América Móvil in the third quarter worth approximately $177,000. Institutional investors own 6.30% of the company's stock.

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.