America Movil S.A.B. De C.V. (AMX): Technology's Featured Winner Of The Day

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 higher today making it today's featured technology winner. The sector as a whole closed the day up 0.4%. By the end of trading, America Movil S.A.B. de C.V rose 37 cents (1.8%) to $20.56 on light volume. Throughout the day, 7.9 million shares of America Movil S.A.B. de C.V exchanged hands as compared to its average daily volume of 10.9 million shares. The stock ranged in a price between $20.02-$20.62 after having opened the day at $20.23 as compared to the previous trading day's close of $20.19. Other companies within the Technology sector that increased today were: Suntech Power Holdings ( STP), up 15.6%, NII Holdings ( NIHD), up 15.5%, VirnetX ( VHC), up 15.5%, and Rubicon Technology ( RBCN), up 13.3%.
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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 $76.67 billion and is part of the telecommunications industry. The company has a P/E ratio of 11.2, below the S&P 500 P/E ratio of 17.7. Shares are down 12.7% year to date as of the close of trading on Friday. Currently there are three analysts that rate America Movil S.A.B. de C.V a buy, one analyst rates it a sell, and seven 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 robust revenue growth, notable return on equity and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and a generally disappointing performance in the stock itself.

On the negative front, eOn Communications Corporation ( EONC), down 14.5%, Concurrent Computer Corporation ( CCUR), down 10.4%, Saba Software ( SABA), down 10.1%, and WPCS International ( WPCS), down 9.9%, were all laggards within the technology sector with Nuance Communications ( NUAN) being today's technology sector laggard.

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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