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America Movil S.A.B. De C.V. (AMX): Today's Featured Technology Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

America Movil S.A.B. de C.V ( AMX) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day down 0.3%. By the end of trading, America Movil S.A.B. de C.V fell $0.29 (-1.4%) to $21.00 on average volume. Throughout the day, 5,988,267 shares of America Movil S.A.B. de C.V exchanged hands as compared to its average daily volume of 6,657,800 shares. The stock ranged in price between $20.88-$21.23 after having opened the day at $21.22 as compared to the previous trading day's close of $21.29. Other companies within the Technology sector that declined today were: Broadcom Corporation ( BRCM), down 15.1%, Polycom ( PLCM), down 15.1%, Vocus ( VOCS), down 14.8% and CEVA ( CEVA), down 12.5%.

America Movil, S.A.B. de C.V. provides telecommunications services in the United States, Latin America, and the Caribbean. It offers mobile and fixed voice services, including airtime, local, long-distance services, public telephony services, and network interconnection services. America Movil S.A.B. de C.V has a market cap of $80.0 billion and is part of the telecommunications industry. Shares are down 8.9% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate America Movil S.A.B. de C.V a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates America Movil S.A.B. de C.V as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and a generally disappointing performance in the stock itself.

On the positive front, Zhone Technologies ( ZHNE), up 35.6%, VMware ( VMW), up 16.7%, Vicor Corporation ( VICR), up 11.3% and Alliance Fiber Optic Products ( AFOP), up 10.7% , were all gainers within the technology sector with Baidu ( BIDU) being today's featured technology sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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