América Móvil (NYSE:AMOV) Shares Pass Below 200 Day Moving Average of $19.54

América Móvil, S.A.B. de C.V. (NYSE:AMOVGet Rating)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $19.54 and traded as low as $16.99. América Móvil shares last traded at $17.64, with a volume of 5,284 shares trading hands.

América Móvil Stock Performance

The stock’s 50-day moving average is $18.08 and its 200-day moving average is $19.53.

América Móvil Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Tuesday, September 6th. Shareholders of record on Friday, August 26th were issued a $0.1964 dividend. This represents a yield of 3.3%. The ex-dividend date of this dividend was Thursday, August 25th.

Institutional Investors Weigh In On América Móvil

Institutional investors and hedge funds have recently made changes to their positions in the company. MUFG Americas Holdings Corp acquired a new position in América Móvil during the 2nd quarter worth about $97,000. Renaissance Technologies LLC lifted its position in América Móvil by 15.8% during the 2nd quarter. Renaissance Technologies LLC now owns 15,353 shares of the company’s stock worth $310,000 after buying an additional 2,100 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in América Móvil during the 1st quarter worth about $390,000. Finally, OTA Financial Group L.P. acquired a new position in América Móvil during the 2nd quarter worth about $489,000.

América Móvil Company Profile

(Get Rating)

América Móvil, SAB. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including local, domestic, and international long-distance services; and network interconnection services. It also provides data services, such as data centers, data administration, and hosting services to residential and corporate clients; value-added services, including Internet access, messaging, and other wireless entertainment and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and wireless security services, mobile payment solutions, machine-to-machine services, mobile banking, virtual private network services, and video calls and personal communications services.

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