The Goldman Sachs Group Issues Pessimistic Forecast for América Móvil (NYSE:AMX) Stock Price

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

Several other equities analysts also recently commented on the company. Scotiabank cut their target price on América Móvil from $17.80 to $17.30 and set a "sector perform" rating for the company in a research report on Wednesday, October 16th. StockNews.com upgraded América Móvil from a "hold" rating to a "buy" rating in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. dropped their price target on América Móvil from $17.00 to $15.00 and set an "underweight" rating for the company in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $18.94.

América Móvil Stock Performance

Shares of AMX stock traded down $0.30 during mid-day trading on Tuesday, reaching $14.00. The stock had a trading volume of 1,060,066 shares, compared to its average volume of 1,565,784. The firm's 50 day simple moving average is $14.40 and its 200 day simple moving average is $15.75. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. América Móvil has a one year low of $13.63 and a one year high of $20.31. The firm has a market cap of $42.98 billion, a PE ratio of 20.90, a P/E/G ratio of 0.73 and a beta of 0.93.

Institutional Investors Weigh In On América Móvil

Institutional investors have recently made changes to their positions in the stock. Spire Wealth Management acquired a new stake in shares of América Móvil during the fourth quarter worth $32,000. R Squared Ltd bought a new position in América Móvil during the fourth quarter worth about $49,000. Blue Trust Inc. lifted its holdings in América Móvil by 195.9% during the third quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider's stock worth $60,000 after acquiring an additional 2,322 shares in the last quarter. CENTRAL TRUST Co lifted its holdings in América Móvil by 3,500.0% during the third quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider's stock worth $59,000 after acquiring an additional 3,500 shares in the last quarter. Finally, Raleigh Capital Management Inc. bought a new position in América Móvil during the fourth quarter worth about $57,000. 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.