América Móvil (NYSE:AMX) Reaches New 12-Month Low – What’s Next?

América Móvil, S.A.B. de C.V. (NYSE:AMX) reached a new 52-week low on Tuesday . The stock traded as low as $15.02 and last traded at $15.03, with a volume of 375207 shares. The stock had previously closed at $15.30.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AMX shares. UBS Group lowered their price target on América Móvil from $23.30 to $22.60 and set a “buy” rating for the company in a report on Thursday, July 18th. StockNews.com began coverage on América Móvil in a report on Thursday. They set a “buy” rating on the stock. Scotiabank reduced their price target on América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a report on Wednesday, October 16th. Finally, The Goldman Sachs Group reduced their price target on América Móvil from $21.00 to $20.80 and set a “buy” rating on the stock in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $20.08.

América Móvil Trading Down 1.6 %

The firm has a market cap of $46.10 billion, a P/E ratio of 22.78, a price-to-earnings-growth ratio of 0.93 and a beta of 0.95. The firm has a fifty day simple moving average of $16.26 and a 200-day simple moving average of $17.23. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67.

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

América Móvil Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be issued a $0.245 dividend. This represents a dividend yield of 2%. This is an increase from América Móvil’s previous semi-annual dividend of $0.18. The ex-dividend date is Friday, November 8th. América Móvil’s dividend payout ratio is presently 35.82%.

Institutional Trading of América Móvil

Hedge funds have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of América Móvil by 5.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,839 shares of the Wireless communications provider’s stock valued at $178,000 after acquiring an additional 608 shares during the last quarter. Profund Advisors LLC boosted its position in shares of América Móvil by 1.7% in the 2nd quarter. Profund Advisors LLC now owns 37,515 shares of the Wireless communications provider’s stock worth $638,000 after purchasing an additional 630 shares in the last quarter. Bleakley Financial Group LLC raised its position in shares of América Móvil by 1.5% in the 1st quarter. Bleakley Financial Group LLC now owns 58,918 shares of the Wireless communications provider’s stock worth $1,099,000 after purchasing an additional 864 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in América Móvil by 6.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 16,707 shares of the Wireless communications provider’s stock worth $284,000 after purchasing an additional 1,025 shares in the last quarter. Finally, Allworth Financial LP grew its position in América Móvil by 46.1% during the 3rd quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock valued at $81,000 after purchasing an additional 1,567 shares during the last quarter. 6.30% of the stock is owned by 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.