América Móvil (NYSE:AMX) Sets New 1-Year Low – Time to Sell?

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AMX. The Goldman Sachs Group dropped their price objective on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating on the stock in a research report on Friday, November 15th. Scotiabank cut their price target on 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. JPMorgan Chase & Co. lowered their price objective on América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Finally, StockNews.com raised América Móvil from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. One research 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.com, América Móvil currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.98.

América Móvil Price Performance

The stock has a 50-day moving average price of $14.50 and a 200 day moving average price of $15.90. The firm has a market cap of $43.49 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 0.71 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67.

Hedge Funds Weigh In On América Móvil

A number of hedge funds have recently modified their holdings of AMX. R Squared Ltd acquired a new stake in América Móvil during the 4th quarter worth $49,000. Raleigh Capital Management Inc. acquired a new stake in shares of América Móvil during the fourth quarter worth about $57,000. CENTRAL TRUST Co grew its holdings in shares of América Móvil by 3,500.0% during the third quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider’s stock worth $59,000 after buying 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 during the period. Finally, Modus Advisors LLC purchased a new stake in América Móvil during the 4th quarter valued at approximately $80,000. 6.30% of the stock is currently 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.