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 lowered by The Goldman Sachs Group from $17.80 to $17.60 in a research note published on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the Wireless communications provider’s stock.

Other analysts have also issued reports about the stock. StockNews.com raised shares of América Móvil from a “hold” rating to a “buy” rating in a research note on Tuesday, January 14th. JPMorgan Chase & Co. cut their price target on shares of América Móvil from $17.00 to $15.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Finally, Scotiabank decreased 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.94.

América Móvil Stock Performance

Shares of NYSE AMX opened at $14.15 on Tuesday. América Móvil has a 52-week low of $13.63 and a 52-week high of $20.31. The stock has a market capitalization of $43.43 billion, a price-to-earnings ratio of 21.11, a PEG ratio of 0.73 and a beta of 0.93. 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 stock’s fifty day simple moving average is $14.45 and its 200 day simple moving average is $15.80.

Institutional Investors Weigh In On América Móvil

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Spire Wealth Management acquired a new position in shares of América Móvil in the fourth quarter worth $32,000. R Squared Ltd acquired a new position in América Móvil in the 4th quarter worth about $49,000. Blue Trust Inc. increased its position in 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 purchasing an additional 2,322 shares during the last quarter. CENTRAL TRUST Co raised its stake in shares of América Móvil by 3,500.0% during the 3rd quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider’s stock worth $59,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Raleigh Capital Management Inc. acquired a new stake in shares of América Móvil during the 4th quarter valued at about $57,000. Hedge funds and other 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.