América Móvil (NYSE:AMX) Sets New 52-Week Low – Should You Sell?

América Móvil, S.A.B. de C.V. (NYSE:AMX)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $13.45 and last traded at $13.67, with a volume of 363 shares. The stock had previously closed at $13.80.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AMX shares. Scotiabank decreased 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 research note on Wednesday, October 16th. The Goldman Sachs Group lowered their target price on América Móvil from $20.80 to $17.80 and set a “buy” rating on the stock in a report on Friday, November 15th. StockNews.com raised América Móvil from a “hold” rating to a “buy” rating in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. reduced their price objective on América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $18.98.

América Móvil Stock Performance

The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. The company has a market cap of $43.49 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 0.71 and a beta of 0.93. The firm has a 50 day simple moving average of $14.50 and a 200-day simple moving average of $15.90.

Institutional Trading of América Móvil

Several institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC boosted its stake in América Móvil by 125.6% during the third quarter. FMR LLC now owns 65,590 shares of the Wireless communications provider’s stock worth $1,073,000 after buying an additional 36,520 shares during the period. Brandes Investment Partners LP boosted its position in shares of América Móvil by 2.8% during the 2nd quarter. Brandes Investment Partners LP now owns 1,213,424 shares of the Wireless communications provider’s stock worth $20,479,000 after purchasing an additional 33,006 shares during the period. AQR Capital Management LLC increased its holdings in América Móvil by 343.1% in the 2nd quarter. AQR Capital Management LLC now owns 294,907 shares of the Wireless communications provider’s stock valued at $5,013,000 after purchasing an additional 228,353 shares during the last quarter. ABS Direct Equity Fund LLC raised its position 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 purchasing an additional 73,022 shares during the period. Finally, Barclays PLC lifted its stake in América Móvil by 36,692.9% during the third quarter. Barclays PLC now owns 150,115 shares of the Wireless communications provider’s stock worth $2,456,000 after purchasing an additional 149,707 shares in the last quarter. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

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.