América Móvil (NYSE:AMX) Sets New 52-Week Low - Time to Sell?

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

Wall Street Analysts Forecast Growth

AMX has been the subject of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of América Móvil from $17.00 to $15.00 and set an "underweight" rating for the company in a research report on Thursday, January 16th. StockNews.com raised shares of América Móvil from a "hold" rating to a "buy" rating in a research report on Tuesday, January 14th. Scotiabank decreased their target price on shares of 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. Finally, The Goldman Sachs Group decreased their target price on shares of América Móvil from $20.80 to $17.80 and set a "buy" rating for the company 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 company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $18.98.

América Móvil Trading Down 0.2 %

The firm has a market cap of $43.49 billion, a P/E ratio of 21.14, a P/E/G ratio of 0.71 and a beta of 0.93. The business's 50-day moving average is $14.50 and its two-hundred day moving average is $15.90. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AMX. Robeco Institutional Asset Management B.V. lifted its stake in shares of América Móvil by 115.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,961,191 shares of the Wireless communications provider's stock worth $28,065,000 after buying an additional 1,050,203 shares during the last quarter. Brandes Investment Partners LP lifted its stake in shares of América Móvil by 2.8% during the 2nd quarter. Brandes Investment Partners LP now owns 1,213,424 shares of the Wireless communications provider's stock worth $20,479,000 after buying an additional 33,006 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake 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 worth $16,533,000 after buying an additional 228,856 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of América Móvil by 76.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 736,107 shares of the Wireless communications provider's stock worth $12,043,000 after buying an additional 317,800 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of América Móvil by 8.7% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 559,236 shares of the Wireless communications provider's stock worth $9,151,000 after buying an additional 44,631 shares during the last quarter. 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.