América Móvil (NYSE:AMX) Hits New 12-Month Low – Here’s Why

América Móvil, S.A.B. de C.V. (NYSE:AMX) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $14.57 and last traded at $14.62, with a volume of 1761767 shares traded. The stock had previously closed at $14.99.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AMX. StockNews.com began coverage on América Móvil in a research report on Friday, November 22nd. They set a “buy” rating on the stock. Scotiabank dropped their price objective 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, The Goldman Sachs Group dropped their price objective on América Móvil from $20.80 to $17.80 and set a “buy” rating on the stock in a research report on Friday, November 15th. 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 stock. According to MarketBeat.com, América Móvil currently has a consensus rating of “Moderate Buy” and an average price target of $19.48.

América Móvil Stock Performance

The business has a 50-day moving average of $15.54 and a two-hundred day moving average of $16.43. The company has a market cap of $43.90 billion, a P/E ratio of 21.34, a P/E/G ratio of 1.32 and a beta of 0.94. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67.

América Móvil (NYSE:AMX) last issued its quarterly earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.30). The business had revenue of $11.82 billion during 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%. On average, sell-side analysts predict that América Móvil, S.A.B. de C.V. will post 0.97 EPS for the current fiscal year.

América Móvil Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were issued a $0.245 dividend. This represents a yield of 2%. The ex-dividend date was 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 currently 34.33%.

Institutional Investors Weigh In On América Móvil

Several institutional investors have recently added to or reduced their stakes in AMX. Discovery Capital Management LLC CT boosted its holdings 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 worth $30,532,000 after acquiring an additional 1,310,688 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in América Móvil by 76.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 736,107 shares of the Wireless communications provider’s stock worth $12,043,000 after acquiring an additional 317,800 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in América Móvil by 30.8% in the second quarter. Envestnet Asset Management Inc. now owns 972,542 shares of the Wireless communications provider’s stock worth $16,533,000 after acquiring an additional 228,856 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of América Móvil by 343.1% in the second quarter. AQR Capital Management LLC now owns 294,907 shares of the Wireless communications provider’s stock worth $5,013,000 after purchasing an additional 228,353 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of América Móvil by 1,545.1% in the third quarter. International Assets Investment Management LLC now owns 185,702 shares of the Wireless communications provider’s stock worth $30,380,000 after purchasing an additional 174,414 shares during the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

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.