América Móvil (NYSE:AMX) PT Lowered to $20.80

América Móvil (NYSE:AMX) had its price objective cut by The Goldman Sachs Group from $21.00 to $20.80 in a report issued on Monday, Benzinga reports. The firm presently has a “buy” rating on the Wireless communications provider’s stock. The Goldman Sachs Group’s price objective points to a potential upside of 26.44% from the stock’s current price.

AMX has been the subject of several other reports. StockNews.com began coverage on América Móvil in a report on Thursday, October 10th. They issued a “strong-buy” rating for the company. 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. Finally, Scotiabank lowered their target price on América Móvil from $18.90 to $17.80 and set a “sector perform” rating for the company in a report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.40.

América Móvil Price Performance

AMX opened at $16.45 on Monday. The business has a fifty day moving average of $16.57 and a 200 day moving average of $17.56. América Móvil has a 52-week low of $15.55 and a 52-week high of $20.31. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.98. The stock has a market cap of $51.08 billion, a P/E ratio of 15.23, a PEG ratio of 0.98 and a beta of 0.95.

América Móvil (NYSE:AMX) last posted its quarterly earnings data on Tuesday, July 16th. The Wireless communications provider reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.36). América Móvil had a net margin of 3.98% and a return on equity of 7.73%. The business had revenue of $11.93 billion for the quarter, compared to analysts’ expectations of $12.37 billion. As a group, sell-side analysts anticipate that América Móvil will post 1.39 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Private Ocean LLC bought a new position in shares of América Móvil in the 1st quarter worth $26,000. Rothschild Investment LLC acquired a new position in América Móvil during the 2nd quarter valued at about $59,000. Sound Income Strategies LLC increased its position in América Móvil by 43.5% during the 1st quarter. Sound Income Strategies LLC now owns 3,466 shares of the Wireless communications provider’s stock valued at $65,000 after buying an additional 1,051 shares in the last quarter. Headlands Technologies LLC increased its position in América Móvil by 448.5% during the 1st quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider’s stock valued at $81,000 after buying an additional 3,539 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its position in América Móvil by 32.5% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 8,177 shares of the Wireless communications provider’s stock valued at $153,000 after buying an additional 2,007 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.