América Móvil (NYSE:AMX) Given New $17.60 Price Target at The Goldman Sachs Group

América Móvil (NYSE:AMX) had its target price trimmed by The Goldman Sachs Group from $17.80 to $17.60 in a research report released on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the Wireless communications provider’s stock.

Other analysts have also recently issued reports about the stock. Scotiabank decreased their price objective on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a research note on Wednesday, October 16th. JPMorgan Chase & Co. decreased their price objective on shares of 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 report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.94.

América Móvil Price Performance

Shares of América Móvil stock opened at $14.31 on Tuesday. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $43.93 billion, a price-to-earnings ratio of 21.36, a P/E/G ratio of 0.73 and a beta of 0.93. América Móvil has a 1-year low of $13.63 and a 1-year high of $20.31. The firm’s 50-day moving average price is $14.41 and its two-hundred day moving average price is $15.76.

Hedge Funds Weigh In On América Móvil

A number of large investors have recently modified their holdings of AMX. FMR LLC lifted its holdings in América Móvil by 125.6% in the third quarter. FMR LLC now owns 65,590 shares of the Wireless communications provider’s stock valued at $1,073,000 after buying an additional 36,520 shares during the period. AQR Capital Management LLC lifted its holdings in América Móvil by 343.1% in the second quarter. AQR Capital Management LLC now owns 294,907 shares of the Wireless communications provider’s stock valued at $5,013,000 after buying an additional 228,353 shares during the period. ABS Direct Equity Fund LLC lifted its holdings in América Móvil by 21.4% in the third quarter. ABS Direct Equity Fund LLC now owns 413,922 shares of the Wireless communications provider’s stock valued at $6,772,000 after buying an additional 73,022 shares during the period. Empirical Asset Management LLC acquired a new position in América Móvil in the fourth quarter valued at approximately $487,000. Finally, Barclays PLC lifted its holdings in América Móvil by 36,692.9% in the third quarter. Barclays PLC now owns 150,115 shares of the Wireless communications provider’s stock valued at $2,456,000 after buying an additional 149,707 shares during the period. 6.30% of the stock is currently owned by institutional investors and hedge funds.

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.