América Móvil (NYSE:AMX) Hits New 12-Month Low - Time to Sell?

América Móvil, S.A.B. de C.V. (NYSE:AMX - Get Free Report)'s share price reached a new 52-week low on Monday . The company traded as low as $14.57 and last traded at $14.62, with a volume of 1761767 shares trading hands. The stock had previously closed at $14.99.

Analysts Set New Price Targets

Several research analysts have issued reports on AMX shares. Scotiabank cut their price objective on América Móvil from $17.80 to $17.30 and set a "sector perform" rating for the company in a research report on Wednesday, October 16th. StockNews.com initiated coverage on shares of América Móvil in a report on Friday, November 22nd. They issued a "buy" rating for the company. Finally, 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 report on Friday, November 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, América Móvil presently has an average rating of "Moderate Buy" and a consensus target price of $19.48.

América Móvil Stock Down 3.0 %

The firm has a market capitalization of $44.62 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 1.32 and a beta of 0.94. The firm's 50-day moving average is $15.63 and its 200 day moving average is $16.50. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72.

América Móvil (NYSE:AMX - Get Free Report) last announced its earnings results 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 analyst estimates 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 forecast that América Móvil, S.A.B. de C.V. will post 0.97 earnings per share 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 issued a $0.245 dividend. This represents a dividend yield of 2%. This is a boost 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 34.33%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its stake 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 period. Brandes Investment Partners LP increased its stake in América Móvil by 2.8% in the second quarter. Brandes Investment Partners LP now owns 1,213,424 shares of the Wireless communications provider's stock valued at $20,479,000 after purchasing an additional 33,006 shares during the last quarter. Discovery Capital Management LLC CT lifted its position in América Móvil by 270.1% during the second 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 during the period. Wealthspire Advisors LLC boosted its stake in América Móvil by 16.0% in the 2nd quarter. Wealthspire Advisors LLC now owns 13,656 shares of the Wireless communications provider's stock worth $232,000 after buying an additional 1,880 shares during the last quarter. Finally, AQR Capital Management LLC grew 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 valued at $5,013,000 after buying an additional 228,353 shares during the period. 6.30% of the stock is currently owned by hedge funds and other 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.

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