The Goldman Sachs Group Lowers América Móvil (NYSE:AMX) Price Target to $17.60

América Móvil (NYSE:AMX) had its target price decreased by equities researchers at The Goldman Sachs Group from $17.80 to $17.60 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the Wireless communications provider’s stock. The Goldman Sachs Group’s price target would suggest a potential upside of 23.28% from the stock’s previous close.

AMX has been the subject of several other research reports. JPMorgan Chase & Co. cut their price target on América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. Scotiabank lowered their target price 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. Finally, StockNews.com upgraded shares of América Móvil from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, América Móvil presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.94.

América Móvil Stock Up 1.0 %

AMX opened at $14.28 on Tuesday. The company has a market capitalization of $43.83 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 0.73 and a beta of 0.93. The firm has a 50-day simple moving average of $14.43 and a two-hundred day simple moving average of $15.77. 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 52 week low of $13.63 and a 52 week high of $20.31.

Hedge Funds Weigh In On América Móvil

Institutional investors and hedge funds have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. raised its position in América Móvil by 5.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,839 shares of the Wireless communications provider’s stock worth $178,000 after purchasing an additional 608 shares during the period. Allworth Financial LP grew its stake in shares of América Móvil by 46.1% during the third quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock valued at $81,000 after buying an additional 1,567 shares during the last quarter. Gateway Investment Advisers LLC raised its holdings in shares of América Móvil by 17.3% in the fourth quarter. Gateway Investment Advisers LLC now owns 12,835 shares of the Wireless communications provider’s stock worth $184,000 after buying an additional 1,893 shares during the period. Blue Trust Inc. lifted its stake in shares of América Móvil by 57.8% during the 4th quarter. Blue Trust Inc. now owns 5,535 shares of the Wireless communications provider’s stock worth $79,000 after acquiring an additional 2,028 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in América Móvil by 3.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 73,650 shares of the Wireless communications provider’s stock valued at $1,205,000 after acquiring an additional 2,177 shares during the period. Hedge funds and other institutional investors 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.