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

América Móvil, S.A.B. de C.V. (NYSE:AMX) shares hit 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 changing hands. The stock had previously closed at $15.30.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AMX. Scotiabank decreased their price target on 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. StockNews.com initiated coverage on América Móvil in a report on Wednesday, November 6th. They set a “buy” rating for the company. UBS Group cut their price objective on América Móvil from $23.30 to $22.60 and set a “buy” rating for the company in a report on Thursday, July 18th. Finally, The Goldman Sachs Group cut their price objective on América Móvil from $21.00 to $20.80 and set a “buy” rating for the company in a report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $20.08.

América Móvil Stock Performance

The firm has a market cap of $46.74 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 0.93 and a beta of 0.95. The company has a 50 day simple moving average of $16.29 and a 200-day simple moving average of $17.27. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.63.

América Móvil (NYSE:AMX) last announced its quarterly earnings data on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.30). América Móvil had a net margin of 4.45% and a return on equity of 8.61%. The company had revenue of $11.82 billion during the quarter, compared to the consensus estimate of $11.97 billion. As a group, 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 firm also recently announced a semi-annual dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be issued a dividend of $0.245 per share. This represents a dividend yield of 2%. The ex-dividend date of this dividend is Friday, November 8th. This is an increase from América Móvil’s previous semi-annual dividend of $0.18. América Móvil’s dividend payout ratio is currently 40.30%.

Hedge Funds Weigh In On América Móvil

Institutional investors have recently added to or reduced their stakes in the company. Headlands Technologies LLC raised its holdings in América Móvil by 448.5% in the first quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider’s stock worth $81,000 after purchasing an additional 3,539 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings 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 worth $16,533,000 after purchasing an additional 228,856 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of América Móvil by 43.9% in the first quarter. Cetera Investment Advisers now owns 117,758 shares of the Wireless communications provider’s stock worth $2,197,000 after acquiring an additional 35,930 shares during the last quarter. Seven Eight Capital LP purchased a new stake in shares of América Móvil in the first quarter worth $679,000. Finally, Cetera Advisors LLC grew its stake in shares of América Móvil by 399.5% in the first quarter. Cetera Advisors LLC now owns 79,697 shares of the Wireless communications provider’s stock worth $1,487,000 after acquiring an additional 63,741 shares during the last quarter. Institutional investors 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.