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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

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 1.4%. By the end of trading, America Movil S.A.B. de C.V fell 26 cents (-1%) to $25.16 on average volume. Throughout the day, 5.8 million shares of America Movil S.A.B. de C.V exchanged hands as compared to its average daily volume of 4.9 million shares. The stock ranged in price between $25.15-$25.69 after having opened the day at $25.42 as compared to the previous trading day's close of $25.43. Other companies within the Technology sector that declined today were: XRS ( XRSC), down 23.1%, Enova Systems ( ENA), down 13%, Selectica ( SLTC), down 12.8%, and InvenSense ( INVN), down 12%.
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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 $97.16 billion and is part of the telecommunications industry. The company has a P/E ratio of 14, below the average telecommunications industry P/E ratio of 16.8 and below the S&P 500 P/E ratio of 17.7. Shares are up 12.5% year to date as of the close of trading on Monday. 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 expanding profit margins, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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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