The Goldman Sachs Group Has Lowered Expectations for América Móvil (NYSE:AMX) Stock Price

América Móvil (NYSE:AMX) had its price target lowered 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 analysts have also recently weighed in on AMX. Scotiabank dropped their price objective on shares of América Móvil from $17.30 to $13.70 and set a “sector perform” rating on the stock in a report on Thursday, February 13th. StockNews.com upgraded shares of América Móvil from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. reduced their price objective on América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.15.

América Móvil Price Performance

Shares of NYSE:AMX opened at $14.69 on Wednesday. The company has a market cap of $45.08 billion, a PE ratio of 29.97, a P/E/G ratio of 0.72 and a beta of 0.93. América Móvil has a fifty-two week low of $13.63 and a fifty-two week high of $20.31. The firm has a 50-day simple moving average of $14.31 and a 200 day simple moving average of $15.48. 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 (NYSE:AMX) last announced its quarterly earnings results 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 return on equity of 6.38% and a net margin of 3.25%. On average, sell-side analysts anticipate that América Móvil will post 1.6 EPS for the current year.

Hedge Funds Weigh In On América Móvil

Large investors have recently made changes to their positions in the business. Transce3nd LLC acquired a new position in América Móvil in the fourth quarter worth approximately $26,000. Lee Danner & Bass Inc. acquired a new position in shares of América Móvil in the 4th quarter worth $29,000. Spire Wealth Management acquired a new stake in shares of América Móvil during the fourth quarter worth $32,000. Parvin Asset Management LLC purchased a new stake in shares of América Móvil during the fourth quarter valued at $39,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of América Móvil by 82.5% during the fourth quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider’s stock valued at $45,000 after purchasing an additional 1,414 shares during the last quarter. 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.