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

América Móvil, S.A.B. de C.V. (NYSE:AMX) hit a new 52-week low during trading 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. The stock had previously closed at $15.10.

Other analysts also recently issued reports about the stock. UBS Group reduced their target price on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Scotiabank reduced their price objective on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a research note on Wednesday, October 16th. Finally, StockNews.com started coverage on shares of América Móvil in a report on Thursday. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.48.

Hedge Funds Weigh In On América Móvil

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in América Móvil by 13.9% in the first quarter. Vanguard Group Inc. now owns 193,965 shares of the Wireless communications provider’s stock worth $3,619,000 after purchasing an additional 23,645 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in América Móvil by 6.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 200,824 shares of the Wireless communications provider’s stock valued at $3,747,000 after buying an additional 12,204 shares during the last quarter. Seven Eight Capital LP bought a new position in América Móvil in the first quarter worth approximately $679,000. Capital Group Investment Management PTE. LTD. increased its stake in shares of América Móvil by 12.5% in the 1st quarter. Capital Group Investment Management PTE. LTD. now owns 131,541 shares of the Wireless communications provider’s stock worth $2,455,000 after purchasing an additional 14,595 shares in the last quarter. Finally, Capital Group Private Client Services Inc. increased its stake in shares of América Móvil by 3.1% in the first quarter. Capital Group Private Client Services Inc. now owns 2,606,773 shares of the Wireless communications provider’s stock worth $48,642,000 after purchasing an additional 79,550 shares in the last quarter. 6.30% of the stock is owned by institutional investors.

América Móvil Stock Performance

The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. The company has a market cap of $45.68 billion, a PE ratio of 22.54, a PEG ratio of 0.92 and a beta of 0.95. The business’s 50 day moving average is $16.21 and its two-hundred day moving average is $17.16.

América Móvil (NYSE:AMX) last released its earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.30). América Móvil had a return on equity of 8.61% and a net margin of 4.45%. The business had revenue of $11.82 billion for the quarter, compared to analysts’ expectations of $11.97 billion. On average, equities research analysts anticipate that América Móvil, S.A.B. de C.V. will post 1.39 EPS for the current year.

América Móvil Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be given a dividend of $0.245 per share. This is a positive change from América Móvil’s previous semi-annual dividend of $0.18. The ex-dividend date of this dividend is Friday, November 8th. This represents a dividend yield of 2%. 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.