The Goldman Sachs Group Has Lowered Expectations for América Móvil (NYSE:AMX) Stock Price

América Móvil (NYSE:AMX - Free Report) had its price target trimmed by The Goldman Sachs Group from $17.60 to $17.30 in a report issued on Wednesday,Benzinga reports. The firm currently has a buy rating on the Wireless communications provider's stock.

AMX has been the topic of several other research reports. JPMorgan Chase & Co. cut their target price on América Móvil from $17.00 to $15.00 and set an "underweight" rating on the stock in a research note on Thursday, January 16th. Scotiabank lowered their price target on América Móvil from $17.30 to $13.70 and set a "sector perform" rating on the stock in a research report on Thursday, February 13th. Finally, StockNews.com upgraded América Móvil from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, América Móvil currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.15.

América Móvil Trading Down 0.7 %

NYSE:AMX traded down $0.11 on Wednesday, hitting $14.69. 885,692 shares of the stock were exchanged, compared to its average volume of 1,628,080. The company has a current ratio of 0.72, a quick ratio of 0.67 and a debt-to-equity ratio of 0.90. América Móvil has a fifty-two week low of $13.63 and a fifty-two week high of $20.31. The stock has a market cap of $45.08 billion, a PE ratio of 29.97, a PEG ratio of 0.72 and a beta of 0.93. The stock has a fifty day moving average of $14.32 and a 200-day moving average of $15.49.

América Móvil (NYSE:AMX - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The Wireless communications provider reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.27). América Móvil had a net margin of 3.25% and a return on equity of 6.38%. As a group, equities analysts expect that América Móvil will post 1.6 earnings per share for the current fiscal year.

Institutional Trading of América Móvil

Several hedge funds and other institutional investors have recently modified their holdings of the business. Lazard Asset Management LLC boosted its position in shares of América Móvil by 12.6% in the fourth quarter. Lazard Asset Management LLC now owns 14,089,624 shares of the Wireless communications provider's stock worth $201,621,000 after buying an additional 1,571,290 shares during the period. Bank of America Corp DE increased its stake in shares of América Móvil by 278.8% in the fourth quarter. Bank of America Corp DE now owns 10,216,018 shares of the Wireless communications provider's stock worth $146,191,000 after purchasing an additional 7,519,147 shares during the period. First Trust Advisors LP increased its stake in shares of América Móvil by 1.7% in the fourth quarter. First Trust Advisors LP now owns 2,999,200 shares of the Wireless communications provider's stock worth $42,919,000 after purchasing an additional 48,849 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in América Móvil by 115.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,961,191 shares of the Wireless communications provider's stock valued at $28,065,000 after acquiring an additional 1,050,203 shares during the period. Finally, Capital International Sarl increased its stake in América Móvil by 2.4% during the fourth quarter. Capital International Sarl now owns 1,207,240 shares of the Wireless communications provider's stock valued at $17,276,000 after acquiring an additional 28,676 shares during the period. Institutional investors and hedge funds own 6.30% of the company's stock.

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.