América Móvil (NYSE:AMX) Sets New 1-Year Low – Time to Sell?

América Móvil, S.A.B. de C.V. (NYSE:AMX) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $13.63 and last traded at $13.91, with a volume of 1148018 shares changing hands. The stock had previously closed at $13.73.

Analyst Ratings Changes

A number of research firms recently weighed in on AMX. The Goldman Sachs Group decreased their target price on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a research report on Friday, November 15th. Scotiabank dropped their price objective on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a research note on Wednesday, October 16th. Finally, StockNews.com upgraded shares of América Móvil from a “hold” rating to a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, América Móvil has an average rating of “Moderate Buy” and an average price target of $19.48.

América Móvil Price Performance

The business’s 50 day simple moving average is $14.69 and its 200-day simple moving average is $16.04. 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 stock has a market capitalization of $43.16 billion, a price-to-earnings ratio of 20.99, a P/E/G ratio of 1.32 and a beta of 0.93.

América Móvil (NYSE:AMX) last posted its quarterly earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.30). The company had revenue of $11.82 billion during the quarter, compared to analyst estimates of $11.97 billion. América Móvil had a net margin of 4.45% and a return on equity of 8.61%. On average, research analysts forecast that América Móvil, S.A.B. de C.V. will post 0.97 earnings per share for the current year.

Institutional Investors Weigh In On América Móvil

Hedge funds and other institutional investors have recently bought and sold shares of the company. Discovery Capital Management LLC CT lifted its position in shares of América Móvil by 270.1% in the 2nd quarter. Discovery Capital Management LLC CT now owns 1,795,988 shares of the Wireless communications provider’s stock worth $30,532,000 after purchasing an additional 1,310,688 shares during the period. Brandes Investment Partners LP boosted its holdings in América Móvil by 2.8% during the 2nd quarter. Brandes Investment Partners LP now owns 1,213,424 shares of the Wireless communications provider’s stock worth $20,479,000 after acquiring an additional 33,006 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in América Móvil by 30.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 972,542 shares of the Wireless communications provider’s stock valued at $16,533,000 after buying an additional 228,856 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in América Móvil by 19.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 910,988 shares of the Wireless communications provider’s stock worth $14,904,000 after purchasing an additional 151,114 shares during the last quarter. Finally, American Century Companies Inc. grew its position in América Móvil by 5.7% during the second quarter. American Century Companies Inc. now owns 886,985 shares of the Wireless communications provider’s stock valued at $15,079,000 after buying an additional 47,941 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.