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

América Móvil, S.A.B. de C.V. (NYSE:AMX)’s stock price reached 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.

Analysts Set New Price Targets

AMX has been the topic of several recent analyst reports. The Goldman Sachs Group dropped their target price on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating on the stock in a report on Friday, November 15th. Scotiabank dropped their price target on América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a research report on Wednesday, October 16th. Finally, StockNews.com raised América Móvil from a “hold” rating to a “buy” rating in a research report on Tuesday. 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. Based on data from MarketBeat, América Móvil presently has an average rating of “Moderate Buy” and a consensus target price of $19.48.

América Móvil Trading Up 0.9 %

The firm has a market capitalization of $43.16 billion, a P/E ratio of 20.99, a PEG ratio of 1.32 and a beta of 0.93. 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 business has a 50-day moving average price of $14.69 and a 200-day moving average price of $16.04.

América Móvil (NYSE:AMX) last posted its quarterly earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.30). América Móvil had a return on equity of 8.61% and a net margin of 4.45%. The business had revenue of $11.82 billion during the quarter, compared to analyst estimates of $11.97 billion. Analysts anticipate that América Móvil, S.A.B. de C.V. will post 0.97 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. CENTRAL TRUST Co raised its position in América Móvil by 3,500.0% in the 3rd quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider’s stock valued at $59,000 after purchasing an additional 3,500 shares during the last quarter. Blue Trust Inc. increased its position in América Móvil by 195.9% in the 3rd quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock valued at $60,000 after acquiring an additional 2,322 shares in the last quarter. Modus Advisors LLC acquired a new stake in shares of América Móvil in the fourth quarter valued at approximately $80,000. Allworth Financial LP increased its position in América Móvil by 46.1% in the third quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock worth $81,000 after purchasing an additional 1,567 shares during the period. Finally, EP Wealth Advisors LLC acquired a new position in shares of América Móvil in the third quarter valued at approximately $177,000. Institutional investors 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.