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

Shares of América Móvil, S.A.B. de C.V. (NYSE:AMX) reached a new 52-week low on Monday . The company traded as low as $13.42 and last traded at $13.53, with a volume of 162671 shares. The stock had previously closed at $14.09.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AMX shares. JPMorgan Chase & Co. cut their price target on América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. Scotiabank cut their price objective on shares of América Móvil from $17.30 to $13.70 and set a “sector perform” rating for the company in a research report on Thursday, February 13th. The Goldman Sachs Group decreased their target price on América Móvil from $17.60 to $17.30 and set a “buy” rating on the stock in a research report on Wednesday, February 19th. Finally, StockNews.com raised América Móvil from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $17.15.

América Móvil Price Performance

The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. The company’s fifty day moving average price is $14.46 and its 200 day moving average price is $14.96. The company has a market capitalization of $42.25 billion, a P/E ratio of 28.34, a PEG ratio of 0.77 and a beta of 0.79.

América Móvil (NYSE:AMX) last announced its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.27). América Móvil had a net margin of 3.25% and a return on equity of 6.38%. As a group, sell-side analysts forecast that América Móvil, S.A.B. de C.V. will post 1.51 EPS for the current year.

Institutional Investors Weigh In On América Móvil

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE raised its position in shares of América Móvil by 278.8% in the 4th quarter. Bank of America Corp DE now owns 10,216,018 shares of the Wireless communications provider’s stock valued at $146,191,000 after buying an additional 7,519,147 shares in the last quarter. Lazard Asset Management LLC raised its position in América Móvil by 12.6% during the fourth quarter. Lazard Asset Management LLC now owns 14,089,624 shares of the Wireless communications provider’s stock valued at $201,621,000 after purchasing an additional 1,571,290 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in América Móvil during the fourth quarter worth $16,791,000. Wellington Management Group LLP acquired a new stake in shares of América Móvil in the 4th quarter valued at $15,149,000. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of América Móvil by 115.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,961,191 shares of the Wireless communications provider’s stock valued at $28,065,000 after purchasing an additional 1,050,203 shares during the last quarter. Institutional investors 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.