América Móvil (NYSE:AMX) Sets New 1-Year Low After Analyst Downgrade

América Móvil, S.A.B. de C.V. (NYSE:AMX) shares hit a new 52-week low on Monday after The Goldman Sachs Group lowered their price target on the stock from $20.80 to $17.80. The Goldman Sachs Group currently has a buy rating on the stock. América Móvil traded as low as $14.90 and last traded at $14.90, with a volume of 1659415 shares. The stock had previously closed at $15.10.

A number of other equities research analysts have also commented on AMX. UBS Group lowered their price target on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating for the company in a report on Thursday, July 18th. Scotiabank lowered their price target on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a report on Wednesday, October 16th. Finally, StockNews.com started coverage on shares of América Móvil in a report on Thursday, November 14th. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $19.48.

Institutional Trading of América Móvil

A number of hedge funds and other institutional investors have recently modified their holdings of AMX. Vanguard Group Inc. grew its position in shares of América Móvil by 13.9% in the 1st quarter. Vanguard Group Inc. now owns 193,965 shares of the Wireless communications provider’s stock worth $3,619,000 after buying an additional 23,645 shares during the period. O Shaughnessy Asset Management LLC grew its position in América Móvil by 6.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 200,824 shares of the Wireless communications provider’s stock valued at $3,747,000 after purchasing an additional 12,204 shares during the last quarter. Seven Eight Capital LP purchased a new stake in América Móvil during the 1st quarter valued at about $679,000. Capital Group Investment Management PTE. LTD. grew its position in América Móvil by 12.5% during the 1st quarter. Capital Group Investment Management PTE. LTD. now owns 131,541 shares of the Wireless communications provider’s stock valued at $2,455,000 after purchasing an additional 14,595 shares during the last quarter. Finally, Capital Group Private Client Services Inc. grew its position in América Móvil by 3.1% during the 1st quarter. Capital Group Private Client Services Inc. now owns 2,606,773 shares of the Wireless communications provider’s stock valued at $48,642,000 after purchasing an additional 79,550 shares during the last quarter. 6.30% of the stock is owned by hedge funds and other institutional investors.

América Móvil Stock Down 1.1 %

The company’s 50-day moving average is $16.18 and its 200 day moving average is $17.13. The company has a market capitalization of $45.84 billion, a PE ratio of 22.28, a P/E/G ratio of 0.92 and a beta of 0.95. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72.

América Móvil (NYSE:AMX) last posted its 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). The company had revenue of $11.82 billion for the quarter, compared to the consensus estimate of $11.97 billion. América Móvil had a net margin of 4.45% and a return on equity of 8.61%. As a group, analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.39 EPS for the current year.

América Móvil Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were paid a dividend of $0.245 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a yield of 2%. This is a boost from América Móvil’s previous semi-annual dividend of $0.18. América Móvil’s dividend payout ratio is currently 34.33%.

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.