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

América Móvil, S.A.B. de C.V. (NYSE:AMX) hit a new 52-week low during mid-day trading 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 changing hands. The stock had previously closed at $15.10.

A number of other research analysts have also weighed in on AMX. Scotiabank dropped 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 report on Wednesday, October 16th. StockNews.com initiated coverage on shares of América Móvil in a research report on Thursday, November 14th. They set a “buy” rating on the stock. Finally, UBS Group lowered their price objective on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a research report on Thursday, July 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, América Móvil currently has an average rating of “Moderate Buy” and an average target price of $19.48.

Hedge Funds Weigh In On América Móvil

Large investors have recently modified their holdings of the business. Rothschild Investment LLC purchased a new position in shares of América Móvil in the second quarter worth about $59,000. CENTRAL TRUST Co grew its stake in América Móvil by 3,500.0% during the third quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider’s stock valued at $59,000 after acquiring an additional 3,500 shares in the last quarter. Blue Trust Inc. grew its stake in América Móvil by 195.9% during the third quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock valued at $60,000 after acquiring an additional 2,322 shares in the last quarter. Allworth Financial LP grew 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 valued at $81,000 after acquiring an additional 1,567 shares in the last quarter. Finally, EP Wealth Advisors LLC purchased a new position in América Móvil during the third quarter valued at approximately $177,000. Hedge funds and other institutional investors own 6.30% of the company’s stock.

América Móvil Trading Down 1.1 %

The firm’s 50 day moving average is $16.18 and its 200 day moving average is $17.13. The company has a market cap of $45.84 billion, a PE ratio of 22.28, a PEG ratio of 0.92 and a beta of 0.95. 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 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 net margin of 4.45% and a return on equity of 8.61%. The firm had revenue of $11.82 billion for the quarter, compared to analysts’ expectations of $11.97 billion. On average, equities analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.39 earnings per share for the current year.

América Móvil Increases Dividend

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