América Móvil (NYSE:AMX) Sets New 12-Month Low - Here's What Happened

Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX - Get Free Report) hit a new 52-week low on Monday . The stock traded as low as $13.42 and last traded at $13.53, with a volume of 162671 shares trading hands. The stock had previously closed at $14.09.

Analyst Ratings Changes

A number of equities analysts recently commented on AMX shares. The Goldman Sachs Group cut their price objective on América Móvil from $17.60 to $17.30 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. StockNews.com upgraded shares of América Móvil from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 15th. JPMorgan Chase & Co. reduced their price objective on shares of América Móvil from $17.00 to $15.00 and set an "underweight" rating on the stock in a research note on Thursday, January 16th. Finally, Scotiabank lowered their target price on shares of América Móvil from $17.30 to $13.70 and set a "sector perform" rating for the company in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $17.15.

América Móvil Stock Performance

The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. The stock has a fifty day simple moving average of $14.41 and a two-hundred day simple moving average of $14.86. The firm has a market capitalization of $43.20 billion, a P/E ratio of 28.91, a P/E/G ratio of 0.77 and a beta of 0.79.

América Móvil (NYSE:AMX - Get Free Report) last issued its earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.27). América Móvil had a return on equity of 6.38% and a net margin of 3.25%. On average, research analysts predict that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current year.

Institutional Investors Weigh In On América Móvil

A number of hedge funds have recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of América Móvil by 125.6% in the 3rd quarter. FMR LLC now owns 65,590 shares of the Wireless communications provider's stock worth $1,073,000 after purchasing an additional 36,520 shares in the last quarter. Quantinno Capital Management LP bought a new position in shares of América Móvil in the third quarter valued at $234,000. EP Wealth Advisors LLC acquired a new position in shares of América Móvil during the third quarter valued at about $177,000. Public Employees Retirement System of Ohio bought a new stake in shares of América Móvil during the third quarter worth about $1,341,000. Finally, Barclays PLC raised its holdings in shares of América Móvil by 36,692.9% in the 3rd quarter. Barclays PLC now owns 150,115 shares of the Wireless communications provider's stock worth $2,456,000 after acquiring an additional 149,707 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.