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 up 0.3%. By the end of trading, America Movil S.A.B. de C.V fell $0.32 (-1.6%) to $20.32 on light volume. Throughout the day, 5,293,894 shares of America Movil S.A.B. de C.V exchanged hands as compared to its average daily volume of 10,603,800 shares. The stock ranged in price between $20.18-$20.70 after having opened the day at $20.57 as compared to the previous trading day's close of $20.64. Other companies within the Technology sector that declined today were: Zoom Technologies ( ZOOM), down 19.1%, IEC Electronics Corporation ( IEC), down 16.2%, SolarCity ( SCTY), down 13.7% and EFuture Information Technology ( EFUT), down 12.2%.
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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 $78.5 billion and is part of the telecommunications industry. The company has a P/E ratio of 11.5, below the S&P 500 P/E ratio of 17.7. Shares are down 10.6% year to date as of the close of trading on Monday. 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 robust revenue growth, notable return on equity and growth in earnings per share. 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 positive front, Suntech Power Holdings ( STP), down 52.7%, Renewable Energy Trade Board ( EBOD), down 40.9%, WPCS International ( WPCS), down 29.1% and Plug Power ( PLUG), down 26.4% , were all gainers within the technology sector with Western Digital Corporation ( WDC) 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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