América Móvil (NYSE:AMX) Price Target Cut to $17.80 by Analysts at The Goldman Sachs Group

América Móvil (NYSE:AMX) had its price target reduced by analysts at The Goldman Sachs Group from $20.80 to $17.80 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the Wireless communications provider’s stock. The Goldman Sachs Group’s target price points to a potential upside of 18.55% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. UBS Group dropped their target price on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating on the stock in a report on Thursday, July 18th. StockNews.com began coverage on shares of América Móvil in a report on Thursday. They set a “buy” rating on the stock. Finally, Scotiabank lowered their price target on América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $19.48.

América Móvil Stock Performance

NYSE AMX opened at $15.02 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. América Móvil has a fifty-two week low of $15.00 and a fifty-two week high of $20.31. The company has a market cap of $46.10 billion, a P/E ratio of 22.41, a P/E/G ratio of 0.93 and a beta of 0.95. The business’s 50 day moving average price is $16.26 and its 200-day moving average price is $17.23.

América Móvil (NYSE:AMX) last issued 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 analysts’ expectations of $11.97 billion. Sell-side analysts predict that América Móvil will post 1.39 earnings per share for the current year.

Hedge Funds Weigh In On América Móvil

A number of large investors have recently bought and sold shares of AMX. Envestnet Portfolio Solutions Inc. increased its stake in shares of América Móvil by 10.1% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 23,799 shares of the Wireless communications provider’s stock worth $444,000 after purchasing an additional 2,177 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of América Móvil by 2.4% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 106,714 shares of the Wireless communications provider’s stock valued at $1,991,000 after acquiring an additional 2,500 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of América Móvil by 13.9% in the first quarter. Vanguard Group Inc. now owns 193,965 shares of the Wireless communications provider’s stock worth $3,619,000 after acquiring an additional 23,645 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of América Móvil by 6.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 200,824 shares of the Wireless communications provider’s stock worth $3,747,000 after purchasing an additional 12,204 shares in the last quarter. Finally, Seven Eight Capital LP acquired a new position in América Móvil in the 1st quarter valued at $679,000. Institutional investors and hedge funds own 6.30% of the company’s stock.

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.