América Móvil (NYSE:AMX) Reaches New 12-Month Low at $15.55

Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) hit a new 52-week low on Monday . The company traded as low as $15.55 and last traded at $15.64, with a volume of 70673 shares changing hands. The stock had previously closed at $16.41.

Analysts Set New Price Targets

Several research firms recently weighed in on AMX. UBS Group reduced their target price on América Móvil from $23.30 to $22.60 and set a “buy” rating for the company in a report on Thursday, July 18th. The Goldman Sachs Group raised shares of América Móvil from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $21.00 to $22.00 in a report on Monday, April 29th. StockNews.com downgraded shares of América Móvil from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Finally, Scotiabank decreased their price target on shares of América Móvil from $19.00 to $18.90 and set a “sector perform” rating for the company in a report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.65.

América Móvil Trading Up 1.1 %

The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.63 and a current ratio of 0.68. The company’s 50 day moving average is $17.30 and its 200 day moving average is $18.22. The stock has a market capitalization of $50.55 billion, a price-to-earnings ratio of 15.07, a PEG ratio of 1.02 and a beta of 0.95.

América Móvil (NYSE:AMX) last posted its quarterly earnings data on Tuesday, July 16th. The Wireless communications provider reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.36). América Móvil had a return on equity of 7.73% and a net margin of 3.98%. The company had revenue of $11.93 billion for the quarter, compared to the consensus estimate of $12.37 billion. On average, research analysts forecast that América Móvil, S.A.B. de C.V. will post 1.37 EPS for the current fiscal year.

América Móvil Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, July 22nd. Shareholders of record on Friday, July 12th were issued a $0.2608 dividend. This is a boost from América Móvil’s previous semi-annual dividend of $0.18. The ex-dividend date of this dividend was Friday, July 12th. This represents a yield of 2.1%. América Móvil’s dividend payout ratio is 24.07%.

Institutional Trading of América Móvil

Several institutional investors have recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. lifted its position in América Móvil by 2.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 21,622 shares of the Wireless communications provider’s stock worth $400,000 after purchasing an additional 587 shares during the period. Bleakley Financial Group LLC lifted its holdings in shares of América Móvil by 1.5% during the 1st quarter. Bleakley Financial Group LLC now owns 58,918 shares of the Wireless communications provider’s stock worth $1,099,000 after acquiring an additional 864 shares during the period. NewEdge Wealth LLC boosted its position in shares of América Móvil by 5.9% during the 4th quarter. NewEdge Wealth LLC now owns 16,900 shares of the Wireless communications provider’s stock valued at $313,000 after acquiring an additional 944 shares in the last quarter. Sound Income Strategies LLC boosted its position in shares of América Móvil by 43.5% during the 1st quarter. Sound Income Strategies LLC now owns 3,466 shares of the Wireless communications provider’s stock valued at $65,000 after acquiring an additional 1,051 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. increased its stake in América Móvil by 7.2% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 16,797 shares of the Wireless communications provider’s stock valued at $311,000 after acquiring an additional 1,133 shares during the period. 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 also 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.