The Goldman Sachs Group Issues Pessimistic Forecast for América Móvil (NYSE:AMX) Stock Price

América Móvil (NYSE:AMX) had its price target decreased by The Goldman Sachs Group from $20.80 to $17.80 in a research report sent to investors on Friday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the Wireless communications provider’s stock.

Several other research firms also recently weighed in on AMX. StockNews.com began coverage on shares of América Móvil in a research report on Thursday. They issued a “buy” rating on the stock. Scotiabank decreased their price target on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a research report on Wednesday, October 16th. Finally, UBS Group decreased their price objective on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a research report on Thursday, July 18th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $19.48.

América Móvil Stock Performance

AMX traded up $0.09 during trading on Friday, hitting $15.10. The company’s stock had a trading volume of 2,239,128 shares, compared to its average volume of 1,550,335. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. América Móvil has a one year low of $14.94 and a one year high of $20.31. The firm has a market cap of $46.36 billion, a PE ratio of 22.54, a P/E/G ratio of 0.93 and a beta of 0.95. The business’s 50 day simple moving average is $16.21 and its 200-day simple moving average is $17.18.

América Móvil (NYSE:AMX) last released its quarterly earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.30). América Móvil had a return on equity of 8.61% and a net margin of 4.45%. The business had revenue of $11.82 billion during the quarter, compared to the consensus estimate of $11.97 billion. As a group, sell-side analysts predict that América Móvil will post 1.39 EPS for the current fiscal year.

América Móvil Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be given a dividend of $0.245 per share. This represents a dividend yield of 2%. This is an increase from América Móvil’s previous semi-annual dividend of $0.18. The ex-dividend date of this dividend is Friday, November 8th. América Móvil’s dividend payout ratio (DPR) is presently 35.82%.

Institutional Trading of América Móvil

Institutional investors and hedge funds have recently modified their holdings of the company. Capital International Investors grew its stake in América Móvil by 4.4% during the first quarter. Capital International Investors now owns 65,339,145 shares of the Wireless communications provider’s stock valued at $1,219,228,000 after acquiring an additional 2,741,127 shares in the last quarter. Discovery Capital Management LLC CT grew its stake in América Móvil by 270.1% during the second quarter. Discovery Capital Management LLC CT now owns 1,795,988 shares of the Wireless communications provider’s stock valued at $30,532,000 after acquiring an additional 1,310,688 shares in the last quarter. Lazard Asset Management LLC grew its stake in América Móvil by 9.9% during the first quarter. Lazard Asset Management LLC now owns 12,528,301 shares of the Wireless communications provider’s stock valued at $233,777,000 after acquiring an additional 1,128,671 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in América Móvil by 76.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 736,107 shares of the Wireless communications provider’s stock valued at $12,043,000 after acquiring an additional 317,800 shares in the last quarter. Finally, Capital International Inc. CA grew its stake in América Móvil by 9.5% during the first quarter. Capital International Inc. CA now owns 2,986,890 shares of the Wireless communications provider’s stock valued at $55,735,000 after acquiring an additional 258,203 shares in the last quarter. 6.30% of the stock is currently owned by institutional investors.

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.