America Movil (NYSE:AMX) Share Price Breaks Below 200 Day Moving Average - Time to Sell?

Key Points

• America Movil shares fell below their 200-day moving average, trading as low as $23.70 versus the $24.25 average, before last changing hands at $24.2180.
• Analyst sentiment remains broadly positive despite mixed revisions: the stock has a “Moderate Buy” consensus rating and an average price target of $29.43, though Wall Street Zen downgraded it to “hold” and UBS lowered its target to $31.
• The company declared a special $0.2886 dividend, payable November 18 to shareholders of record November 10; institutional investors own 6.30% of the stock.

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Get Free Report)'s share price passed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $24.25 and traded as low as $23.70. America Movil shares last traded at $24.2180, with a volume of 4,096,460 shares.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on AMX shares. Wall Street Zen cut shares of America Movil from a "buy" rating to a "hold" rating in a report on Saturday. UBS Group reduced their price objective on America Movil from $32.50 to $31.00 and set a "buy" rating on the stock in a research note on Thursday. Zacks Research raised America Movil from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 22nd. Weiss Ratings restated a "hold (c)" rating on shares of America Movil in a research note on Thursday, August 13th. Finally, Santander upgraded shares of America Movil from a "neutral" rating to an "outperform" rating in a research note on Thursday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, America Movil currently has an average rating of "Moderate Buy" and an average target price of $29.43.

America Movil Stock Performance

The stock has a market capitalization of $72.78 billion, a P/E ratio of 14.00, a P/E/G ratio of 1.30 and a beta of 0.59. The company's fifty day simple moving average is $22.78 and its 200 day simple moving average is $24.25. The company has a current ratio of 0.71, a quick ratio of 0.66 and a debt-to-equity ratio of 0.90.

America Movil Announces Dividend

The business also recently declared a special dividend, which will be paid on Wednesday, November 18th. Investors of record on Tuesday, November 10th will be given a $0.2886 dividend. The ex-dividend date is Tuesday, November 10th. America Movil's dividend payout ratio (DPR) is currently 34.10%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Trust Co. of Vermont purchased a new position in America Movil in the 2nd quarter worth approximately $39,000. GAMMA Investing LLC purchased a new position in America Movil during the third quarter worth $68,000. TD Waterhouse Canada Inc. purchased a new position in shares of America Movil in the 3rd quarter worth about $75,000. Integrated Wealth Concepts LLC purchased a new stake in America Movil during the 2nd quarter worth approximately $82,000. Finally, EverSource Wealth Advisors LLC raised its stake in America Movil by 23.4% during the first quarter. EverSource Wealth Advisors LLC now owns 3,896 shares of the Wireless communications provider's stock worth $99,000 after acquiring an additional 739 shares during the period. Hedge funds and other institutional investors own 6.30% of the company's stock.

America Movil Company Profile

América Móvil, SAB. de C.V. is a Mexico-based telecommunications company that provides wireless and fixed-line communications services. Its offerings include mobile voice and data, broadband internet, landline telephone service, pay television, digital services, and enterprise telecommunications solutions. The company serves individual consumers, businesses, and government customers.

América Móvil operates across Latin America, the United States, and parts of Europe. Its principal brands include Telcel in Mexico and Claro in several Latin American markets.

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