The Goldman Sachs Group Cuts América Móvil (NYSE:AMX) Price Target to $17.80

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

AMX has been the topic of a number of other research reports. Scotiabank reduced their price objective on América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a research note on Wednesday, October 16th. UBS Group reduced their price target 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. Finally, StockNews.com began coverage on shares of América Móvil in a research report on Thursday. They set a “buy” rating for the company. One 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.48.

América Móvil Price Performance

AMX stock opened at $15.10 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. The company’s fifty day moving average price is $16.21 and its 200-day moving average price is $17.16. América Móvil has a one year low of $14.94 and a one year high of $20.31. The company has a market capitalization of $46.36 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 0.92 and a beta of 0.95.

América Móvil (NYSE:AMX) last announced its quarterly earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.30). The company had revenue of $11.82 billion during the quarter, compared to analysts’ expectations of $11.97 billion. América Móvil had a return on equity of 8.61% and a net margin of 4.45%. On average, equities analysts anticipate that América Móvil will post 1.39 EPS for the current fiscal year.

América Móvil Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be issued a $0.245 dividend. This represents a dividend yield of 2%. The ex-dividend date is Friday, November 8th. This is a positive change from América Móvil’s previous semi-annual dividend of $0.18. América Móvil’s dividend payout ratio (DPR) is 34.33%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AMX. Rothschild Investment LLC bought a new stake in shares of América Móvil during the 2nd quarter worth approximately $59,000. CENTRAL TRUST Co increased its stake in América Móvil by 3,500.0% in the third quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider’s stock worth $59,000 after purchasing an additional 3,500 shares during the period. Blue Trust Inc. lifted its position in shares of América Móvil by 195.9% during the third quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock worth $60,000 after purchasing an additional 2,322 shares during the last quarter. Allworth Financial LP boosted 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 purchasing an additional 1,567 shares during the period. Finally, EP Wealth Advisors LLC purchased a new stake in shares of América Móvil during the third quarter valued at $177,000. Hedge funds and other institutional investors own 6.30% of the company’s stock.

About América Móvil

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.