América Móvil (NYSE:AMX) Sets New 12-Month Low – Should You Sell?

América Móvil, S.A.B. de C.V. (NYSE:AMX) 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. The stock had previously closed at $13.80.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group cut their price objective on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating on the stock in a report on Friday, November 15th. Scotiabank cut their price target on shares of 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. StockNews.com upgraded shares of América Móvil from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. reduced their target price on América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $18.98.

América Móvil Trading Up 0.1 %

The firm has a market cap of $42.41 billion, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of 0.71 and a beta of 0.93. The company’s 50-day moving average price is $14.52 and its 200-day moving average price is $15.92. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. purchased a new position in shares of América Móvil in the fourth quarter worth about $57,000. CENTRAL TRUST Co increased its stake in shares of América Móvil by 3,500.0% in the 3rd quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider’s stock worth $59,000 after acquiring an additional 3,500 shares during the last quarter. Blue Trust Inc. boosted its holdings 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 purchasing an additional 2,322 shares during the last quarter. Modus Advisors LLC purchased a new stake in shares of América Móvil during the 4th quarter valued at approximately $80,000. Finally, Allworth Financial LP increased its stake in 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 acquiring an additional 1,567 shares during the last quarter. 6.30% of the stock is owned by institutional investors and hedge funds.

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.