América Móvil (NYSE:AMX) Price Target Cut to $17.30 by Analysts at The Goldman Sachs Group

América Móvil (NYSE:AMX) had its price target reduced by investment analysts at The Goldman Sachs Group from $17.60 to $17.30 in a report released on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the Wireless communications provider’s stock. The Goldman Sachs Group’s target price would suggest a potential upside of 16.27% from the stock’s current price.

Other research analysts also recently issued reports about the stock. Scotiabank dropped their target price on shares of América Móvil from $17.30 to $13.70 and set a “sector perform” rating on the stock in a research report on Thursday, February 13th. JPMorgan Chase & Co. lowered their price objective on shares of América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Finally, StockNews.com raised shares of América Móvil from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $17.15.

América Móvil Stock Performance

América Móvil stock opened at $14.88 on Wednesday. The firm’s 50 day simple moving average is $14.33 and its 200-day simple moving average is $15.50. The company has a market cap of $45.68 billion, a P/E ratio of 30.36, a price-to-earnings-growth ratio of 0.75 and a beta of 0.93. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. América Móvil has a fifty-two week low of $13.63 and a fifty-two week high of $20.31.

América Móvil (NYSE:AMX) last released its earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.27). América Móvil had a return on equity of 6.38% and a net margin of 3.25%. As a group, equities research analysts predict that América Móvil will post 1.6 EPS for the current year.

Institutional Trading of América Móvil

Institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC increased its position in América Móvil by 125.6% during the third quarter. FMR LLC now owns 65,590 shares of the Wireless communications provider’s stock worth $1,073,000 after acquiring an additional 36,520 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of América Móvil by 55.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,872 shares of the Wireless communications provider’s stock worth $243,000 after purchasing an additional 6,033 shares during the last quarter. ABS Direct Equity Fund LLC grew its holdings in shares of América Móvil by 21.4% in the 3rd quarter. ABS Direct Equity Fund LLC now owns 413,922 shares of the Wireless communications provider’s stock worth $6,772,000 after purchasing an additional 73,022 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of América Móvil by 57.8% in the 4th quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider’s stock worth $79,000 after purchasing an additional 2,028 shares during the last quarter. Finally, Empirical Asset Management LLC bought a new stake in shares of América Móvil in the 4th quarter worth about $487,000. 6.30% of the stock is currently owned by institutional investors and hedge funds.

América Móvil Company Profile

América Móvil, SAB. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It 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.