América Móvil (NYSE:AMX) Sets New 1-Year Low - Here's What Happened

América Móvil, S.A.B. de C.V. (NYSE:AMX - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $14.02 and last traded at $14.07, with a volume of 136960 shares trading hands. The stock had previously closed at $14.25.

Wall Street Analyst Weigh In

AMX has been the topic of several analyst reports. Scotiabank decreased their price target on shares of América Móvil from $17.80 to $17.30 and set a "sector perform" rating on the stock in a research note on Wednesday, October 16th. The Goldman Sachs Group cut their price target on América Móvil from $20.80 to $17.80 and set a "buy" rating for the company in a report on Friday, November 15th. Finally, StockNews.com initiated coverage on América Móvil in a research note on Friday, November 22nd. They set a "buy" rating on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, América Móvil currently has an average rating of "Moderate Buy" and a consensus target price of $19.48.

América Móvil Trading Down 1.4 %

The firm has a market capitalization of $43.13 billion, a price-to-earnings ratio of 20.97, a P/E/G ratio of 1.32 and a beta of 0.94. 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 business has a fifty day moving average price of $15.46 and a 200 day moving average price of $16.37.

América Móvil (NYSE:AMX - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $11.97 billion. América Móvil had a return on equity of 8.61% and a net margin of 4.45%. As a group, equities analysts forecast 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 firm also recently disclosed a semi-annual dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a $0.245 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a dividend yield of 2%. This is a positive change from América Móvil's previous semi-annual dividend of $0.18. América Móvil's dividend payout ratio is presently 34.33%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. ABS Direct Equity Fund LLC grew its stake in shares of América Móvil by 21.4% during the third quarter. ABS Direct Equity Fund LLC now owns 413,922 shares of the Wireless communications provider's stock valued at $6,772,000 after acquiring an additional 73,022 shares in the last quarter. Barclays PLC grew its stake in América Móvil by 36,692.9% during the 3rd quarter. Barclays PLC now owns 150,115 shares of the Wireless communications provider's stock valued at $2,456,000 after purchasing an additional 149,707 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of América Móvil in the 3rd quarter valued at approximately $1,341,000. EP Wealth Advisors LLC purchased a new position in shares of América Móvil during the 3rd quarter valued at approximately $177,000. Finally, Quantinno Capital Management LP purchased a new position in shares of América Móvil during the 3rd quarter valued at approximately $234,000. 6.30% of the stock is 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.