América Móvil (NYSE:AMX) Price Target Cut to $17.60 by Analysts at The Goldman Sachs Group

América Móvil (NYSE:AMX) had its price target decreased by stock analysts at The Goldman Sachs Group from $17.80 to $17.60 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the Wireless communications provider’s stock. The Goldman Sachs Group’s price target would suggest a potential upside of 23.80% from the company’s current price.

A number of other research firms have also weighed in on AMX. Scotiabank lowered their price objective on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a research note on Wednesday, October 16th. JPMorgan Chase & Co. dropped their target price on América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Finally, StockNews.com upgraded shares of América Móvil from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. One equities 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 stock. According to data from MarketBeat.com, América Móvil has an average rating of “Moderate Buy” and an average target price of $18.94.

América Móvil Trading Up 0.7 %

América Móvil stock traded up $0.10 during trading hours on Tuesday, hitting $14.22. The company had a trading volume of 183,317 shares, compared to its average volume of 1,538,743. 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 P/E/G ratio of 0.73 and a beta of 0.93. The company 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.

Institutional Trading of América Móvil

A number of hedge funds and other institutional investors have recently made changes to their positions in AMX. Spire Wealth Management acquired a new stake in América Móvil in the fourth quarter valued at approximately $32,000. R Squared Ltd purchased a new stake in shares of América Móvil in the 4th quarter valued at approximately $49,000. Raleigh Capital Management Inc. acquired a new stake in América Móvil during the fourth quarter worth $57,000. CENTRAL TRUST Co raised its holdings in América Móvil by 3,500.0% in the 3rd quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider’s stock valued at $59,000 after buying an additional 3,500 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of América Móvil by 195.9% in the 3rd quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock worth $60,000 after acquiring an additional 2,322 shares during the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

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.