América Móvil (NYSE:AMX) Given New $17.80 Price Target at The Goldman Sachs Group

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

A number of other equities research analysts have also recently weighed in on the stock. StockNews.com assumed coverage on shares of América Móvil in a report on Thursday. They issued a “buy” rating on the stock. Scotiabank cut their price objective on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a report on Wednesday, October 16th. Finally, UBS Group cut their price target 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $19.48.

América Móvil Trading Up 0.6 %

Shares of NYSE AMX traded up $0.09 during midday trading on Friday, hitting $15.10. 2,239,128 shares of the company traded hands, compared to its average volume of 1,550,335. América Móvil has a 12-month low of $14.94 and a 12-month high of $20.31. 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 stock has a 50-day moving average price of $16.21 and a 200 day moving average price of $17.18. The firm has a market cap of $46.36 billion, a P/E ratio of 22.54, a P/E/G ratio of 0.93 and a beta of 0.95.

América Móvil (NYSE:AMX) last announced its quarterly earnings data on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.30). The business 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%. As a group, analysts expect that América Móvil will post 1.39 earnings per share for the current year.

América Móvil Increases Dividend

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

Institutional Investors Weigh In On América Móvil

A number of institutional investors have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in América Móvil by 5.9% in the third 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 last quarter. Profund Advisors LLC boosted its holdings in América Móvil by 1.7% in the second quarter. Profund Advisors LLC now owns 37,515 shares of the Wireless communications provider’s stock worth $638,000 after purchasing an additional 630 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in América Móvil by 6.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 16,707 shares of the Wireless communications provider’s stock worth $284,000 after purchasing an additional 1,025 shares during the last quarter. Allworth Financial LP boosted its holdings in América Móvil by 46.1% in the third quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock worth $81,000 after purchasing an additional 1,567 shares during the last quarter. Finally, Wealthspire Advisors LLC boosted its holdings in América Móvil by 16.0% in the second quarter. Wealthspire Advisors LLC now owns 13,656 shares of the Wireless communications provider’s stock worth $232,000 after purchasing an additional 1,880 shares during the last quarter. 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.