América Móvil (NYSE:AMX) Sets New 1-Year Low – Here’s What Happened

Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) hit a new 52-week low during trading on Wednesday . The stock traded as low as $13.88 and last traded at $14.04, with a volume of 79631 shares. The stock had previously closed at $14.41.

Analyst Ratings Changes

A number of research analysts have recently weighed in on AMX shares. StockNews.com initiated coverage on América Móvil in a research report on Friday, January 3rd. They set a “buy” rating for the company. Scotiabank cut their price target on 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, The Goldman Sachs Group decreased their price objective on América Móvil from $20.80 to $17.80 and set a “buy” rating on the stock in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.48.

América Móvil Stock Down 0.8 %

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 company has a 50 day simple moving average of $14.81 and a two-hundred day simple moving average of $16.11. The company has a market capitalization of $42.43 billion, a P/E ratio of 20.63, a PEG ratio of 1.32 and a beta of 0.93.

América Móvil (NYSE:AMX) last released its 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 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, equities analysts predict that América Móvil, S.A.B. de C.V. will post 0.97 EPS for the current year.

América Móvil Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued a dividend of $0.245 per share. This represents a yield of 2%. This is an increase from América Móvil’s previous semi-annual dividend of $0.18. The ex-dividend date of this dividend was Friday, November 8th. América Móvil’s dividend payout ratio is presently 34.33%.

Institutional Trading of América Móvil

Several institutional investors have recently added to or reduced their stakes in AMX. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of América Móvil by 5.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,839 shares of the Wireless communications provider’s stock valued at $178,000 after buying an additional 608 shares during the last quarter. Profund Advisors LLC grew its position in América Móvil by 1.7% in the 2nd quarter. Profund Advisors LLC now owns 37,515 shares of the Wireless communications provider’s stock valued at $638,000 after acquiring an additional 630 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in América Móvil by 6.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 16,707 shares of the Wireless communications provider’s stock worth $284,000 after purchasing an additional 1,025 shares during the period. Allworth Financial LP lifted its position in shares of América Móvil by 46.1% during 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 last quarter. Finally, Wealthspire Advisors LLC boosted its stake in shares of América Móvil by 16.0% during the second quarter. Wealthspire Advisors LLC now owns 13,656 shares of the Wireless communications provider’s stock valued at $232,000 after purchasing an additional 1,880 shares during the period. Institutional investors 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.