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

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

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

América Móvil Stock Performance

Shares of AMX stock opened at $15.02 on Friday. The company has a market capitalization of $46.10 billion, a price-to-earnings ratio of 22.41, a price-to-earnings-growth ratio of 0.93 and a beta of 0.95. 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 one year low of $15.00 and a one year high of $20.31. The company’s 50-day moving average is $16.26 and its 200 day moving average is $17.23.

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

Institutional Trading of América Móvil

Large investors have recently added to or reduced their stakes in the business. Capital International Investors grew its holdings in América Móvil by 4.4% during the first quarter. Capital International Investors now owns 65,339,145 shares of the Wireless communications provider’s stock valued at $1,219,228,000 after purchasing an additional 2,741,127 shares during the period. Discovery Capital Management LLC CT lifted its holdings in América Móvil by 270.1% during the second quarter. Discovery Capital Management LLC CT now owns 1,795,988 shares of the Wireless communications provider’s stock valued at $30,532,000 after purchasing an additional 1,310,688 shares in the last quarter. Lazard Asset Management LLC boosted its position in shares of América Móvil by 9.9% in the first quarter. Lazard Asset Management LLC now owns 12,528,301 shares of the Wireless communications provider’s stock worth $233,777,000 after purchasing an additional 1,128,671 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of América Móvil by 76.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 736,107 shares of the Wireless communications provider’s stock worth $12,043,000 after purchasing an additional 317,800 shares in the last quarter. Finally, Capital International Inc. CA raised its position in shares of América Móvil by 9.5% during the 1st quarter. Capital International Inc. CA now owns 2,986,890 shares of the Wireless communications provider’s stock valued at $55,735,000 after purchasing an additional 258,203 shares during the period. 6.30% of the stock is currently owned by institutional investors.

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.