América Móvil (NYSE:AMX) Reaches New 52-Week Low – Here’s Why

América Móvil, S.A.B. de C.V. (NYSE:AMX) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $15.35 and last traded at $15.37, with a volume of 4615 shares traded. The stock had previously closed at $15.84.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AMX. The Goldman Sachs Group reduced their target price on América Móvil from $21.00 to $20.80 and set a “buy” rating on the stock in a research note on Monday, October 14th. UBS Group decreased their price objective on América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a report on Thursday, July 18th. Scotiabank dropped their target price on América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a research report on Wednesday, October 16th. Finally, StockNews.com assumed coverage on shares of América Móvil in a research report on Wednesday. They set a “buy” rating on the stock. One equities research 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $20.08.

América Móvil Price Performance

The firm has a fifty day moving average of $16.37 and a two-hundred day moving average of $17.35. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $49.48 billion, a PE ratio of 23.65, a PEG ratio of 0.95 and a beta of 0.95.

América Móvil Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.245 per share. This represents a dividend yield of 2%. The ex-dividend date is Friday, November 8th. This is a positive change from América Móvil’s previous semi-annual dividend of $0.18. América Móvil’s dividend payout ratio is 35.82%.

Institutional Investors Weigh In On América Móvil

A number of large investors have recently added to or reduced their stakes in the company. Rothschild Investment LLC bought a new stake in shares of América Móvil in the 2nd quarter worth approximately $59,000. Blue Trust Inc. boosted its holdings in América Móvil by 195.9% in 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. CENTRAL TRUST Co increased its position in América Móvil by 3,500.0% during 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 period. Headlands Technologies LLC raised its holdings in América Móvil by 448.5% in the 1st quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider’s stock worth $81,000 after purchasing an additional 3,539 shares in the last quarter. Finally, Allworth Financial LP lifted its position in shares of América Móvil by 46.1% in 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 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.