América Móvil (NYSE:AMX) Price Target Lowered to $17.30 at The Goldman Sachs Group

América Móvil (NYSE:AMX) had its target price trimmed by The Goldman Sachs Group from $17.60 to $17.30 in a research report report published on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the Wireless communications provider’s stock.

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

América Móvil Trading Down 4.1 %

NYSE:AMX opened at $14.56 on Wednesday. América Móvil has a 12-month low of $13.63 and a 12-month high of $20.31. The firm has a market cap of $44.68 billion, a PE ratio of 29.70, a price-to-earnings-growth ratio of 0.75 and a beta of 0.93. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. The stock has a fifty day moving average price of $14.32 and a 200 day moving average price of $15.49.

América Móvil (NYSE:AMX) last announced its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share (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%. Sell-side analysts anticipate that América Móvil will post 1.6 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Bank of America Corp DE boosted its stake in América Móvil by 278.8% in the fourth 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 acquiring an additional 7,519,147 shares in the last quarter. Lazard Asset Management LLC boosted its position in shares of América Móvil by 12.6% in the 4th quarter. Lazard Asset Management LLC now owns 14,089,624 shares of the Wireless communications provider’s stock valued at $201,621,000 after purchasing an additional 1,571,290 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of América Móvil in the 4th quarter valued at about $16,791,000. Wellington Management Group LLP purchased a new position in América Móvil during the 4th quarter worth approximately $15,149,000. Finally, Robeco Institutional Asset Management B.V. increased its position in América Móvil by 115.3% during the fourth 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 during the period. 6.30% of the stock is owned by hedge funds and other 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.