America Movil S.A.B. de C.V

(

AMX

) pushed the Technology sector lower today making it today's featured Technology loser. The sector as a whole closed the day down 1.7%. By the end of trading, America Movil S.A.B. de C.V fell 35 cents (-1.4%) to $24.80 on light volume. Throughout the day, 4.9 million shares of America Movil S.A.B. de C.V exchanged hands as compared to its average daily volume of 6.8 million shares. The stock ranged in price between $24.73-$25.07 after having opened the day at $25.07 as compared to the previous trading day's close of $25.15. Other company's within the Technology sector that declined today were:

Ambient Corporation

(

AMBT

), down 25.2%,

GeoEye

(

GEOY

), down 22.4%,

B Communications

(

BCOM

), down 15.6%, and

Spire Corporation

(

SPIR

), down 12.9%.

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America Movil, S.A.B. de C.V. provides telecommunications services primarily in the United States, Latin America, and the Caribbean. The company offers mobile and fixed voice services, including airtime, local, long-distance, public telephony, and network interconnection services. America Movil S.A.B. de C.V has a market cap of $96.2 billion and is part of the

telecommunications

industry. The company has a P/E ratio of 13.9, below the average telecommunications industry P/E ratio of 16.5 and below the S&P 500 P/E ratio of 17.7. Shares are up 12.7% year to date as of the close of trading on Friday. Currently there are five analysts that rate America Movil S.A.B. de C.V a buy, two analysts rate it a sell, and five rate it a hold.

TheStreet Ratings rates America Movil S.A.B. de C.V as a

buy

. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, notable return on equity, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

On the positive front,

Overland Storage

(

OVRL

), up 31.8%,

Globalstar Incorporated

(

GSAT

), up 27.9%,

Giga-tronics

(

GIGA

), up 23.1%, and

Hoku

(

HOKU

), up 20.5%, were all gainers within the technology sector with

Leap Wireless International

(

LEAP

) being today's featured technology sector winner.

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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