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 dropped by The Goldman Sachs Group from $17.60 to $17.30 in a research report issued on Wednesday,Benzinga reports. The brokerage 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 company’s previous close.

A number of other research firms also recently weighed in on AMX. JPMorgan Chase & Co. cut their price target on shares of América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Scotiabank cut their price target on shares of América Móvil from $17.30 to $13.70 and set a “sector perform” rating on the stock in a research note on Thursday, February 13th. Finally, StockNews.com raised shares of América Móvil from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $17.15.

América Móvil Trading Down 2.0 %

Shares of América Móvil stock opened at $14.88 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. The company’s 50-day simple moving average is $14.33 and its 200-day simple moving average is $15.50. América Móvil has a 52-week low of $13.63 and a 52-week high of $20.31. The firm has a market cap of $45.68 billion, a price-to-earnings ratio of 30.36, a price-to-earnings-growth ratio of 0.75 and a beta of 0.93.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Bank of America Corp DE lifted its position in América Móvil by 278.8% in the 4th quarter. Bank of America Corp DE now owns 10,216,018 shares of the Wireless communications provider’s stock valued at $146,191,000 after purchasing an additional 7,519,147 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of América Móvil by 12.6% during the 4th quarter. Lazard Asset Management LLC now owns 14,089,624 shares of the Wireless communications provider’s stock worth $201,621,000 after buying an additional 1,571,290 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of América Móvil during the 4th quarter worth about $16,791,000. Wellington Management Group LLP bought a new stake in shares of América Móvil during the 4th quarter worth about $15,149,000. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of América Móvil by 115.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,961,191 shares of the Wireless communications provider’s stock worth $28,065,000 after buying an additional 1,050,203 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.