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

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

AMX has been the topic of several other reports. StockNews.com upgraded shares of América Móvil from a “hold” rating to a “buy” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. cut their price target on 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 América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a report on Wednesday, October 16th. One investment 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’s stock. Based on data from MarketBeat, América Móvil currently has a consensus rating of “Moderate Buy” and an average target price of $18.94.

América Móvil Price Performance

Shares of NYSE AMX opened at $14.15 on Tuesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.72 and a quick ratio of 0.67. The firm has a market capitalization of $43.43 billion, a PE ratio of 21.11, 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 business’s fifty day moving average price is $14.45 and its two-hundred day moving average price is $15.80.

Institutional Trading of América Móvil

A number of institutional investors have recently made changes to their positions in AMX. Empowered Funds LLC acquired a new stake in América Móvil in the fourth quarter worth approximately $151,000. Choreo LLC lifted its holdings in shares of América Móvil by 15.8% in the fourth quarter. Choreo LLC now owns 21,213 shares of the Wireless communications provider’s stock valued at $303,000 after buying an additional 2,901 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of América Móvil by 55.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,872 shares of the Wireless communications provider’s stock valued at $243,000 after buying an additional 6,033 shares during the period. Spire Wealth Management bought a new position in América Móvil during the fourth quarter valued at about $32,000. Finally, Austin Private Wealth LLC acquired a new position in América Móvil during the fourth quarter worth about $146,000. 6.30% of the stock is 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.