América Móvil (NYSE:AMX) Hits New 52-Week Low – Time to Sell?

América Móvil, S.A.B. de C.V. (NYSE:AMX)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as $13.88 and last traded at $14.04, with a volume of 79631 shares changing hands. The stock had previously closed at $14.41.

Wall Street Analyst Weigh In

A number of analysts recently commented on AMX shares. StockNews.com began coverage on shares of América Móvil in a research note on Friday, January 3rd. They issued a “buy” rating for the company. The Goldman Sachs Group lowered their price objective on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a research note on Friday, November 15th. Finally, Scotiabank cut their target price on 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. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.48.

América Móvil Price Performance

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’s 50 day moving average price is $14.89 and its two-hundred day moving average price is $16.14. The stock has a market cap of $43.38 billion, a price-to-earnings ratio of 21.09, a price-to-earnings-growth ratio of 1.32 and a beta of 0.93.

América Móvil (NYSE:AMX) last announced its quarterly 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). The company had revenue of $11.82 billion for the quarter, compared to analyst estimates of $11.97 billion. América Móvil had a return on equity of 8.61% and a net margin of 4.45%. Equities research analysts forecast that América Móvil, S.A.B. de C.V. will post 0.97 EPS for the current fiscal 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 issued a $0.245 dividend. The ex-dividend date of this dividend was Friday, November 8th. This is an increase from América Móvil’s previous semi-annual dividend of $0.18. This represents a yield of 2%. América Móvil’s payout ratio is presently 34.33%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Blue Trust Inc. increased its stake 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. CENTRAL TRUST Co raised its stake in shares of 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 worth $59,000 after buying an additional 3,500 shares during the period. Allworth Financial LP raised its stake 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 buying an additional 1,567 shares during the period. Modus Advisors LLC purchased a new position in shares of América Móvil during the 4th quarter valued at approximately $80,000. Finally, EP Wealth Advisors LLC acquired a new stake in América Móvil in the 3rd quarter valued at $177,000. 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 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.