América Móvil (NYSE:AMX) Hits New 52-Week Low Following Analyst Downgrade

América Móvil, S.A.B. de C.V. (NYSE:AMX) shares reached a new 52-week low on Monday after The Goldman Sachs Group lowered their price target on the stock from $20.80 to $17.80. The Goldman Sachs Group currently has a buy rating on the stock. América Móvil traded as low as $14.90 and last traded at $14.90, with a volume of 1659415 shares changing hands. The stock had previously closed at $15.10.

Several other research analysts also recently issued reports on the company. StockNews.com began coverage on América Móvil in a research note on Thursday, November 14th. They issued a “buy” rating for the company. UBS Group decreased their price target on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating for the company in a research report on Thursday, July 18th. Finally, Scotiabank cut their price target on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $19.48.

Institutional Trading of América Móvil

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ABS Direct Equity Fund LLC grew its position in América Móvil by 21.4% in the 3rd quarter. ABS Direct Equity Fund LLC now owns 413,922 shares of the Wireless communications provider’s stock valued at $6,772,000 after purchasing an additional 73,022 shares during the period. Barclays PLC lifted its stake in shares of América Móvil by 36,692.9% in the third quarter. Barclays PLC now owns 150,115 shares of the Wireless communications provider’s stock valued at $2,456,000 after buying an additional 149,707 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of América Móvil during the third quarter valued at about $1,341,000. EP Wealth Advisors LLC bought a new stake in shares of América Móvil during the third quarter worth about $177,000. Finally, Quantinno Capital Management LP bought a new stake in shares of América Móvil during the third quarter worth about $234,000. 6.30% of the stock is owned by institutional investors.

América Móvil Stock Up 0.6 %

The company has a market cap of $46.11 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 0.92 and a beta of 0.95. 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 stock’s fifty day moving average is $16.17 and its two-hundred day moving average is $17.10.

América Móvil (NYSE:AMX) last released its quarterly earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.30). América Móvil had a net margin of 4.45% and a return on equity of 8.61%. The company had revenue of $11.82 billion during the quarter, compared to analysts’ expectations of $11.97 billion. Sell-side analysts predict that América Móvil, S.A.B. de C.V. will post 1.39 earnings per share for the current fiscal 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 $0.245 dividend. The ex-dividend date was Friday, November 8th. This is a positive change from América Móvil’s previous semi-annual dividend of $0.18. This represents a dividend yield of 2%. América Móvil’s dividend payout ratio is currently 35.82%.

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.