América Móvil (NYSE:AMX) Sets New 12-Month Low Following Analyst Downgrade

Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) 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 traded. The stock had previously closed at $15.10.

Other equities analysts also recently issued reports about the stock. StockNews.com assumed coverage on shares of América Móvil in a report on Thursday. They issued a “buy” rating for the company. Scotiabank lowered their price objective 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, UBS Group dropped their price target on América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a research note on Thursday, July 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.48.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. ABS Direct Equity Fund LLC lifted its holdings in América Móvil by 21.4% in the third quarter. ABS Direct Equity Fund LLC now owns 413,922 shares of the Wireless communications provider’s stock valued at $6,772,000 after acquiring an additional 73,022 shares during the period. Barclays PLC increased its holdings in shares of América Móvil by 36,692.9% during the 3rd quarter. Barclays PLC now owns 150,115 shares of the Wireless communications provider’s stock valued at $2,456,000 after purchasing an additional 149,707 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of América Móvil in the 3rd quarter valued at $1,341,000. EP Wealth Advisors LLC purchased a new stake in América Móvil during the third quarter worth $177,000. Finally, Quantinno Capital Management LP acquired a new stake in América Móvil during the third quarter valued at $234,000. Hedge funds and other institutional investors own 6.30% of the company’s stock.

América Móvil Price Performance

The stock has a 50-day moving average price of $16.21 and a 200 day moving average price of $17.16. The stock has a market capitalization of $45.68 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 0.92 and a beta of 0.95. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90.

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 return on equity of 8.61% and a net margin of 4.45%. The firm had revenue of $11.82 billion for the quarter, compared to analyst estimates of $11.97 billion. As a group, equities research analysts expect that América Móvil, S.A.B. de C.V. will post 1.39 earnings per share for the current year.

América Móvil Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be given a dividend of $0.245 per share. This is a boost from América Móvil’s previous semi-annual dividend of $0.18. This represents a dividend yield of 2%. The ex-dividend date of this dividend is Friday, November 8th. América Móvil’s dividend payout ratio is currently 34.33%.

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.