América Móvil (NYSE:AMX) PT Lowered to $22.00

América Móvil (NYSE:AMX) had its target price cut by analysts at The Goldman Sachs Group from $25.00 to $22.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the Wireless communications provider’s stock. The Goldman Sachs Group’s price objective points to a potential upside of 20.22% from the company’s previous close.

AMX has been the subject of a number of other research reports. Jefferies Financial Group started coverage on América Móvil in a research report on Tuesday. They set a “hold” rating for the company. JPMorgan Chase & Co. reduced their target price on shares of América Móvil from $19.00 to $17.50 and set an “underweight” rating on the stock in a research note on Tuesday, August 29th. Citigroup raised shares of América Móvil from a “neutral” rating to a “buy” rating and set a $23.50 price target for the company in a research note on Thursday, August 17th. StockNews.com cut shares of América Móvil from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 7th. Finally, Scotiabank cut shares of América Móvil from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $22.00.

América Móvil Stock Performance

Shares of América Móvil stock remained flat at $18.30 during trading on Tuesday. The company had a trading volume of 265,952 shares, compared to its average volume of 1,648,795. América Móvil has a fifty-two week low of $16.13 and a fifty-two week high of $23.07. The stock has a 50 day moving average of $19.78 and a 200-day moving average of $20.90. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.66 and a quick ratio of 0.62. The firm has a market capitalization of $57.83 billion, a PE ratio of 12.53, a P/E/G ratio of 1.37 and a beta of 0.89.

América Móvil (NYSE:AMX) last released its quarterly earnings results on Tuesday, July 11th. The Wireless communications provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.33 by $0.13. América Móvil had a net margin of 10.55% and a return on equity of 22.26%. The business had revenue of $11.46 billion for the quarter, compared to analysts’ expectations of $11.26 billion. As a group, sell-side analysts anticipate that América Móvil will post 1.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMX. Bessemer Group Inc. raised its position in shares of América Móvil by 219.6% during the second quarter. Bessemer Group Inc. now owns 1,157 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 795 shares during the period. UBS Asset Management Americas Inc. acquired a new stake in América Móvil during the 2nd quarter worth approximately $28,000. Financial Freedom LLC bought a new position in América Móvil in the fourth quarter valued at approximately $28,000. Glass Jacobson Investment Advisors llc acquired a new position in shares of América Móvil in the second quarter valued at approximately $32,000. Finally, Private Trust Co. NA bought a new stake in shares of América Móvil during the second quarter worth $33,000. 5.55% 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 also 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.