América Móvil (NYSE:AMX) Hits New 52-Week Low – What’s Next?

Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $14.80 and last traded at $14.81, with a volume of 2167658 shares changing hands. The stock had previously closed at $15.02.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AMX shares. The Goldman Sachs Group reduced their price objective on América Móvil from $20.80 to $17.80 and set a “buy” rating on the stock in a research report on Friday, November 15th. Scotiabank reduced their price target on América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a report on Wednesday, October 16th. Finally, StockNews.com began coverage on shares of América Móvil in a report on Friday, November 22nd. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, América Móvil presently has an average rating of “Moderate Buy” and an average price target of $19.48.

América Móvil Stock Performance

The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. The company has a market capitalization of $45.16 billion, a price-to-earnings ratio of 21.96, a P/E/G ratio of 1.00 and a beta of 0.95. The firm has a 50-day simple moving average of $15.95 and a two-hundred day simple moving average of $16.91.

América Móvil (NYSE:AMX) last announced 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). América Móvil had a return on equity of 8.61% and a net margin of 4.45%. The business had revenue of $11.82 billion for the quarter, compared to analysts’ expectations of $11.97 billion. On average, sell-side analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.25 EPS for the current fiscal year.

América Móvil Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a $0.245 dividend. This is a boost from América Móvil’s previous semi-annual dividend of $0.18. This represents a dividend yield of 2%. The ex-dividend date of this dividend was Friday, November 8th. América Móvil’s dividend payout ratio (DPR) is presently 35.82%.

Hedge Funds Weigh In On América Móvil

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Rothschild Investment LLC acquired a new stake in América Móvil in the second quarter valued at approximately $59,000. CENTRAL TRUST Co increased its position 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 valued at $59,000 after purchasing an additional 3,500 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of 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 in the last quarter. Allworth Financial LP lifted its position in shares of América Móvil by 46.1% during the 3rd 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, EP Wealth Advisors LLC acquired a new position in shares of América Móvil during the third quarter worth $177,000. Hedge funds and other 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.