América Móvil (NYSE:AMX) Price Target Cut to $17.80 by Analysts at The Goldman Sachs Group

América Móvil (NYSE:AMX) had its price target decreased by The Goldman Sachs Group from $20.80 to $17.80 in a research report released on Friday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the Wireless communications provider’s stock.

AMX has been the subject of a number of other research reports. UBS Group lowered their target price on América Móvil from $23.30 to $22.60 and set a “buy” rating for the company in a report on Thursday, July 18th. StockNews.com initiated coverage on América Móvil in a research report on Thursday. They set a “buy” rating on the stock. Finally, Scotiabank reduced their target price on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a report on Wednesday, October 16th. 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’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $19.48.

América Móvil Price Performance

Shares of AMX stock opened at $15.10 on Friday. The stock has a market capitalization of $46.36 billion, a price-to-earnings ratio of 22.54, a P/E/G ratio of 0.92 and a beta of 0.95. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. América Móvil has a twelve month low of $14.94 and a twelve month high of $20.31. The stock has a fifty day simple moving average of $16.21 and a two-hundred day simple moving average of $17.16.

América Móvil (NYSE:AMX) last issued its earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.30). América Móvil had a return on equity of 8.61% and a net margin of 4.45%. The business had revenue of $11.82 billion for the quarter, compared to the consensus estimate of $11.97 billion. On average, analysts predict that América Móvil will post 1.39 EPS for the current fiscal year.

América Móvil Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be given a dividend of $0.245 per share. This is a positive change from América Móvil’s previous semi-annual dividend of $0.18. This represents a yield of 2%. The ex-dividend date of this dividend is Friday, November 8th. América Móvil’s dividend payout ratio is currently 34.33%.

Institutional Investors Weigh In On América Móvil

Several institutional investors have recently added to or reduced their stakes in AMX. Capital International Investors raised its position in shares of América Móvil by 4.4% in the 1st 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 last quarter. Discovery Capital Management LLC CT raised its holdings in shares of América Móvil by 270.1% in the second quarter. Discovery Capital Management LLC CT now owns 1,795,988 shares of the Wireless communications provider’s stock worth $30,532,000 after buying an additional 1,310,688 shares during the last quarter. Lazard Asset Management LLC raised its holdings 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 buying an additional 1,128,671 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of 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 worth $12,043,000 after buying an additional 317,800 shares during the period. Finally, Capital International Inc. CA grew its holdings in shares of América Móvil by 9.5% during the first quarter. Capital International Inc. CA now owns 2,986,890 shares of the Wireless communications provider’s stock valued at $55,735,000 after buying an additional 258,203 shares during the last quarter. Institutional investors and hedge funds 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.