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

America Movil S.A.B. de C.V ( AMX) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day down 0.1%. By the end of trading, America Movil S.A.B. de C.V rose $0.53 (2.7%) to $19.93 on average volume. Throughout the day, 7,330,639 shares of America Movil S.A.B. de C.V exchanged hands as compared to its average daily volume of 6,775,100 shares. The stock ranged in a price between $19.47-$20.10 after having opened the day at $19.50 as compared to the previous trading day's close of $19.40. Other companies within the Telecommunications industry that increased today were: Novatel Wireless ( NVTL), up 13.6%, Internet Gold Golden Lines ( IGLD), up 7.1%, Ikanos Communications ( IKAN), up 6.1% and NII Holdings ( NIHD), up 5.8%.

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 $71.8 billion and is part of the technology sector. The company has a P/E ratio of 10.5, below the S&P 500 P/E ratio of 17.7. Shares are down 18.2% 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 negative front, InfoSonics Corporation ( IFON), down 10.4%, Rogers Communications ( RCI), down 8.9%, Pointer Telocation ( PNTR), down 8.0% and TELUS ( TU), down 7.5% , were all laggards within the telecommunications industry with BCE ( BCE) being today's telecommunications industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider iShares Dow Jones US Telecom ( IYZ) while those bearish on the telecommunications industry could consider ProShares Ult Sht Telecommunication ( TLL).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

Mexican Supreme Court Could Restore Revenue Stream for America Movil

Samsung Teams With America Movil in Latin America