América Móvil (NYSE:AMX) Reaches New 52-Week Low - Here's What Happened

América Móvil, S.A.B. de C.V. (NYSE:AMX - Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as $13.63 and last traded at $13.91, with a volume of 1148018 shares trading hands. The stock had previously closed at $13.73.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AMX. 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 research note on Friday, November 15th. StockNews.com assumed coverage on shares of América Móvil in a research report on Friday, January 3rd. They issued a "buy" rating for the company. Finally, Scotiabank reduced their price objective on shares of 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 analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $19.48.

América Móvil Trading Up 0.9 %

The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. The company has a 50-day moving average price of $14.73 and a 200-day moving average price of $16.06. The company has a market capitalization of $43.07 billion, a price-to-earnings ratio of 20.94, a P/E/G ratio of 1.32 and a beta of 0.93.

América Móvil (NYSE:AMX - Get Free Report) last released its earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share 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 return on equity of 8.61% and a net margin of 4.45%. Research analysts predict that América Móvil, S.A.B. de C.V. will post 0.97 EPS for the current fiscal year.

Hedge Funds Weigh In On América Móvil

A number of hedge funds have recently made changes to their positions in the business. Discovery Capital Management LLC CT grew its position in América Móvil by 270.1% in the second quarter. Discovery Capital Management LLC CT now owns 1,795,988 shares of the Wireless communications provider's stock valued at $30,532,000 after acquiring an additional 1,310,688 shares during the period. Brandes Investment Partners LP grew its holdings in 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 acquiring an additional 33,006 shares during the last quarter. Envestnet Asset Management Inc. increased its position in América Móvil by 30.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 972,542 shares of the Wireless communications provider's stock valued at $16,533,000 after acquiring an additional 228,856 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of América Móvil by 19.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 910,988 shares of the Wireless communications provider's stock worth $14,904,000 after acquiring an additional 151,114 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of América Móvil by 5.7% during the second quarter. American Century Companies Inc. now owns 886,985 shares of the Wireless communications provider's stock valued at $15,079,000 after purchasing an additional 47,941 shares during the last quarter. Institutional investors and hedge funds 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.