América Móvil (NYSE:AMX) Sets New 52-Week Low – Here’s What Happened

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

Analysts Set New Price Targets

Several analysts recently weighed in on AMX shares. Scotiabank reduced their price objective on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a research note on Wednesday, October 16th. The Goldman Sachs Group reduced their price target on América Móvil from $20.80 to $17.80 and set a “buy” rating on the stock in a research report on Friday, November 15th. Finally, StockNews.com assumed coverage on América Móvil in a research note on Friday. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, América Móvil presently has an average rating of “Moderate Buy” and an average target price of $19.48.

América Móvil Trading Down 1.4 %

The firm’s 50 day simple moving average is $16.08 and its two-hundred day simple moving average is $17.00. The stock has a market capitalization of $45.47 billion, a P/E ratio of 22.42, a P/E/G ratio of 1.01 and a beta of 0.95. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90.

América Móvil (NYSE:AMX) last posted its quarterly 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). América Móvil had a return on equity of 8.61% and a net margin of 4.45%. The firm had revenue of $11.82 billion for the quarter, compared to analyst estimates of $11.97 billion. As a group, analysts forecast 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 company also recently announced a semi-annual dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued a $0.245 dividend. This is a boost from América Móvil’s previous semi-annual dividend of $0.18. This represents a dividend yield of 2%. The ex-dividend date of this dividend was Friday, November 8th. América Móvil’s dividend payout ratio (DPR) is currently 35.82%.

Institutional Investors Weigh In On América Móvil

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. boosted its holdings in 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 worth $178,000 after purchasing an additional 608 shares during the last quarter. Profund Advisors LLC boosted its stake 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 buying an additional 630 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of América Móvil by 6.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 16,707 shares of the Wireless communications provider’s stock valued at $284,000 after acquiring an additional 1,025 shares in the last quarter. Allworth Financial LP increased its position in shares of América Móvil by 46.1% during the third quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock valued at $81,000 after acquiring an additional 1,567 shares during the last quarter. Finally, Wealthspire Advisors LLC boosted its position in América Móvil by 16.0% in the second quarter. Wealthspire Advisors LLC now owns 13,656 shares of the Wireless communications provider’s stock worth $232,000 after purchasing an additional 1,880 shares during the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

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.