The Goldman Sachs Group Cuts América Móvil (NYSE:AMX) Price Target to $17.60

América Móvil (NYSE:AMX) had its price objective reduced by investment analysts at The Goldman Sachs Group from $17.80 to $17.60 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the Wireless communications provider’s stock. The Goldman Sachs Group’s price target indicates a potential upside of 23.80% from the company’s previous close.

A number of other analysts have also commented on AMX. JPMorgan Chase & Co. dropped their price target on América Móvil from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. StockNews.com raised América Móvil from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. Finally, Scotiabank cut their target price 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.94.

América Móvil Trading Up 0.7 %

Shares of NYSE AMX traded up $0.10 during mid-day trading on Tuesday, hitting $14.22. The stock had a trading volume of 183,317 shares, compared to its average volume of 1,538,743. The business has a 50 day moving average price of $14.46 and a two-hundred day moving average price of $15.83. América Móvil has a 1 year low of $13.63 and a 1 year 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 firm has a market cap of $43.64 billion, a P/E ratio of 21.24, a price-to-earnings-growth ratio of 0.73 and a beta of 0.93.

Institutional Trading of América Móvil

Large investors have recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. boosted its position in América Móvil by 115.3% in 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 purchasing an additional 1,050,203 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in América Móvil by 76.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 736,107 shares of the Wireless communications provider’s stock valued at $12,043,000 after acquiring an additional 317,800 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of América Móvil by 8.7% in the third quarter. Rockefeller Capital Management L.P. now owns 559,236 shares of the Wireless communications provider’s stock worth $9,151,000 after purchasing an additional 44,631 shares during the last quarter. ABS Direct Equity Fund LLC increased its stake in América Móvil by 21.4% in the 3rd quarter. ABS Direct Equity Fund LLC now owns 413,922 shares of the Wireless communications provider’s stock worth $6,772,000 after acquiring an additional 73,022 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in América Móvil by 343.1% in the second quarter. AQR Capital Management LLC now owns 294,907 shares of the Wireless communications provider’s stock worth $5,013,000 after purchasing an additional 228,353 shares during the last quarter. 6.30% of the stock is currently owned by 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.