América Móvil (NYSE:AMX) Reaches New 1-Year Low – What’s Next?

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

Analyst Ratings Changes

AMX has been the subject of a number of analyst reports. StockNews.com began coverage on shares of América Móvil in a research note on Friday. They set a “buy” rating for the company. Scotiabank dropped their price objective on 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, The Goldman Sachs Group cut their price objective on América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a report on Friday, November 15th. One investment 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. Based on data from MarketBeat.com, América Móvil has a consensus rating of “Moderate Buy” and a consensus target price of $19.48.

América Móvil Trading Down 1.4 %

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 business’s 50-day moving average price is $16.08 and its 200 day moving average price is $17.00. The company has a market cap of $45.47 billion, a P/E ratio of 22.42, a P/E/G ratio of 1.01 and a beta of 0.95.

América Móvil (NYSE:AMX) last posted its 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). 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 analyst estimates of $11.97 billion. As a group, analysts expect that América Móvil, S.A.B. de C.V. will post 1.25 earnings per share for the current year.

América Móvil Increases Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Discovery Capital Management LLC CT boosted its stake in América Móvil by 270.1% in the second quarter. Discovery Capital Management LLC CT now owns 1,795,988 shares of the Wireless communications provider’s stock valued at $30,532,000 after buying an additional 1,310,688 shares in the last quarter. Brandes Investment Partners LP raised its position in América Móvil by 2.8% in the second quarter. Brandes Investment Partners LP now owns 1,213,424 shares of the Wireless communications provider’s stock valued at $20,479,000 after purchasing an additional 33,006 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of América Móvil by 30.8% during the second quarter. Envestnet Asset Management Inc. now owns 972,542 shares of the Wireless communications provider’s stock valued at $16,533,000 after purchasing an additional 228,856 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of América Móvil by 19.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 910,988 shares of the Wireless communications provider’s stock valued at $14,904,000 after purchasing an additional 151,114 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of América Móvil by 5.7% in 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.