América Móvil (NYSE:AMX) Sets New 12-Month Low – Should You Sell?

América Móvil, S.A.B. de C.V. (NYSE:AMX) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $13.63 and last traded at $13.91, with a volume of 1148018 shares traded. The stock had previously closed at $13.73.

Analyst Ratings Changes

A number of research firms have recently issued reports on AMX. 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. StockNews.com started coverage on América Móvil in a research report on Friday, January 3rd. They issued a “buy” rating for the company. Finally, The Goldman Sachs Group reduced their price objective on América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.48.

América Móvil Price Performance

The company has a market capitalization of $42.70 billion, a PE ratio of 20.76, a P/E/G ratio of 1.32 and a beta of 0.93. 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 has a 50 day moving average price of $14.73 and a two-hundred day moving average price of $16.06.

América Móvil (NYSE:AMX) last issued its quarterly earnings data 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). América Móvil had a net margin of 4.45% and a return on equity of 8.61%. The business had revenue of $11.82 billion for the quarter, compared to the consensus estimate of $11.97 billion. Equities analysts forecast that América Móvil, S.A.B. de C.V. will post 0.97 earnings per share for the current year.

Institutional Investors Weigh In On América Móvil

Several institutional investors and hedge funds have recently modified their holdings of AMX. Blue Trust Inc. lifted its position in shares of América Móvil by 195.9% in the third quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock worth $60,000 after buying an additional 2,322 shares during the last quarter. CENTRAL TRUST Co lifted its holdings in América Móvil by 3,500.0% in the 3rd quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider’s stock worth $59,000 after purchasing an additional 3,500 shares during the last quarter. Allworth Financial LP boosted its position in América Móvil by 46.1% during the third quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock worth $81,000 after purchasing an additional 1,567 shares during the period. Modus Advisors LLC acquired a new position in América Móvil during the fourth quarter valued at approximately $80,000. Finally, EP Wealth Advisors LLC acquired a new position in América Móvil during the third quarter valued at approximately $177,000. Institutional investors and hedge funds own 6.30% of the company’s stock.

América Móvil Company Profile

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.