América Móvil (NYSE:AMX) Sets New 52-Week Low – What’s Next?

América Móvil, S.A.B. de C.V. (NYSE:AMX)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $15.02 and last traded at $15.03, with a volume of 375207 shares traded. The stock had previously closed at $15.30.

Analyst Ratings Changes

Several brokerages have issued reports on AMX. Scotiabank dropped their target price 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. The Goldman Sachs Group dropped their target price on América Móvil from $21.00 to $20.80 and set a “buy” rating on the stock in a research report on Monday, October 14th. UBS Group dropped their target price on América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Finally, StockNews.com began coverage on América Móvil in a research report on Wednesday, November 6th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given 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 $20.08.

América Móvil Price Performance

The firm has a 50 day moving average price of $16.29 and a 200 day moving average price of $17.27. The company has a quick ratio of 0.63, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. The stock has a market cap of $46.74 billion, a P/E ratio of 22.84, a P/E/G ratio of 0.93 and a beta of 0.95.

América Móvil (NYSE:AMX) last posted its quarterly earnings data on Tuesday, October 15th. The Wireless communications provider reported $0.11 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 company had revenue of $11.82 billion during the quarter, compared to the consensus estimate of $11.97 billion. On average, analysts forecast that América Móvil, S.A.B. de C.V. will post 1.39 EPS for the current fiscal year.

América Móvil Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be paid a dividend of $0.245 per share. This represents a yield of 2%. The ex-dividend date of this dividend is Friday, November 8th. This is an increase from América Móvil’s previous semi-annual dividend of $0.18. América Móvil’s dividend payout ratio (DPR) is 40.30%.

Institutional Trading of América Móvil

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rothschild Investment LLC purchased a new position in América Móvil during the 2nd quarter valued at approximately $59,000. Blue Trust Inc. grew its holdings in América Móvil by 195.9% during the 3rd quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock valued at $60,000 after buying an additional 2,322 shares in the last quarter. CENTRAL TRUST Co grew its holdings in América Móvil by 3,500.0% during the 3rd quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider’s stock valued at $59,000 after buying an additional 3,500 shares in the last quarter. Headlands Technologies LLC grew its holdings in América Móvil by 448.5% during the 1st quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider’s stock valued at $81,000 after buying an additional 3,539 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in América Móvil by 46.1% during the 3rd quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock valued at $81,000 after buying an additional 1,567 shares in the last quarter. 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.