The Goldman Sachs Group Issues Pessimistic Forecast for América Móvil (NYSE:AMX) Stock Price

América Móvil (NYSE:AMX) had its price target dropped by The Goldman Sachs Group from $17.60 to $17.30 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the Wireless communications provider’s stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 17.16% from the stock’s previous close.

AMX has been the subject of several other reports. 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. StockNews.com raised América Móvil from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 13th. Finally, Scotiabank reduced their price objective on América Móvil from $17.30 to $13.70 and set a “sector perform” rating for the company in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.15.

América Móvil Trading Up 1.6 %

Shares of AMX stock opened at $14.77 on Wednesday. América Móvil has a 12 month low of $13.63 and a 12 month high of $20.31. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. The business’s 50 day moving average is $14.32 and its two-hundred day moving average is $15.49. The company has a market cap of $45.33 billion, a PE ratio of 30.13, a price-to-earnings-growth ratio of 0.75 and a beta of 0.93.

América Móvil (NYSE:AMX) last announced its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.15 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%. Equities analysts predict that América Móvil will post 1.6 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Transce3nd LLC bought a new position in América Móvil in the fourth quarter worth $26,000. Lee Danner & Bass Inc. bought a new position in América Móvil in the fourth quarter worth $29,000. Spire Wealth Management bought a new position in América Móvil in the fourth quarter worth $32,000. Parvin Asset Management LLC bought a new position in América Móvil in the fourth quarter worth $39,000. Finally, Farther Finance Advisors LLC raised its stake in 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 worth $45,000 after acquiring an additional 1,414 shares in the last quarter. 6.30% of the stock is 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.