América Móvil (NYSE:AMX) Hits New 1-Year Low – Should You Sell?

América Móvil, S.A.B. de C.V. (NYSE:AMX) hit a new 52-week low on Monday . The stock traded as low as $14.80 and last traded at $14.81, with a volume of 2167658 shares traded. The stock had previously closed at $15.02.

Analyst Ratings Changes

Several research firms recently weighed in on AMX. The Goldman Sachs Group decreased their target price 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. StockNews.com began coverage on shares of América Móvil in a report on Friday, November 22nd. They issued a “buy” rating for the company. Finally, Scotiabank dropped their target price on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, América Móvil presently has a consensus rating of “Moderate Buy” and an average target price of $19.48.

América Móvil Stock 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 firm has a 50-day simple moving average of $15.95 and a 200 day simple moving average of $16.91. The company has a market cap of $45.16 billion, a price-to-earnings ratio of 21.96, a price-to-earnings-growth ratio of 1.00 and a beta of 0.95.

América Móvil (NYSE:AMX) last announced its 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). The business had revenue of $11.82 billion during the quarter, compared to analyst estimates of $11.97 billion. América Móvil had a net margin of 4.45% and a return on equity of 8.61%. On average, sell-side analysts predict that América Móvil, S.A.B. de C.V. will post 1.25 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. This represents a dividend yield of 2%. This is a boost from América Móvil’s previous semi-annual dividend of $0.18. The ex-dividend date was Friday, November 8th. América Móvil’s dividend payout ratio is presently 35.82%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Discovery Capital Management LLC CT lifted its stake in shares of América Móvil by 270.1% in the 2nd quarter. Discovery Capital Management LLC CT now owns 1,795,988 shares of the Wireless communications provider’s stock worth $30,532,000 after acquiring an additional 1,310,688 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in América Móvil by 76.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 736,107 shares of the Wireless communications provider’s stock valued at $12,043,000 after purchasing an additional 317,800 shares during the period. Envestnet Asset Management Inc. lifted its position in América Móvil by 30.8% in the second quarter. Envestnet Asset Management Inc. now owns 972,542 shares of the Wireless communications provider’s stock valued at $16,533,000 after purchasing an additional 228,856 shares during the period. AQR Capital Management LLC boosted 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 in the last quarter. Finally, International Assets Investment Management LLC increased its position in América Móvil by 1,545.1% during the 3rd quarter. International Assets Investment Management LLC now owns 185,702 shares of the Wireless communications provider’s stock worth $30,380,000 after purchasing an additional 174,414 shares during the period. 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.