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

América Móvil (NYSE:AMX - Free Report) had its target price trimmed by The Goldman Sachs Group from $20.80 to $17.80 in a report published on Friday,Benzinga reports. They currently have a buy rating on the Wireless communications provider's stock.

Other equities research analysts have also issued research reports about the stock. UBS Group reduced their price objective on shares of América Móvil from $23.30 to $22.60 and set a "buy" rating for the company in a research note on Thursday, July 18th. Scotiabank lowered their target price 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. Finally, StockNews.com assumed coverage on shares of América Móvil in a research report on Thursday. They set a "buy" rating for the company. One 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $19.48.

América Móvil Stock Up 0.6 %

Shares of AMX traded up $0.09 during trading hours on Friday, reaching $15.10. The company's stock had a trading volume of 2,239,127 shares, compared to its average volume of 1,550,335. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. The firm has a market cap of $46.36 billion, a price-to-earnings ratio of 22.49, a P/E/G ratio of 0.93 and a beta of 0.95. The company has a 50 day moving average of $16.23 and a two-hundred day moving average of $17.21. América Móvil has a 1-year low of $14.94 and a 1-year high of $20.31.

América Móvil (NYSE:AMX - Get Free Report) last issued its earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.30). América Móvil had a net margin of 4.45% and a return on equity of 8.61%. The company had revenue of $11.82 billion for the quarter, compared to analyst estimates of $11.97 billion. As a group, research analysts predict that América Móvil will post 1.39 EPS for the current fiscal year.

América Móvil Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be issued a dividend of $0.245 per share. This is an increase from América Móvil's previous semi-annual dividend of $0.18. This represents a yield of 2%. The ex-dividend date is Friday, November 8th. América Móvil's dividend payout ratio (DPR) is currently 35.82%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. raised its position in shares of América Móvil by 5.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,839 shares of the Wireless communications provider's stock valued at $178,000 after acquiring an additional 608 shares during the last quarter. Profund Advisors LLC boosted its holdings in América Móvil by 1.7% during the second quarter. Profund Advisors LLC now owns 37,515 shares of the Wireless communications provider's stock worth $638,000 after buying an additional 630 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of América Móvil by 6.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 16,707 shares of the Wireless communications provider's stock worth $284,000 after buying an additional 1,025 shares during the period. Allworth Financial LP grew its position in shares of América Móvil by 46.1% during the 3rd quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider's stock worth $81,000 after buying an additional 1,567 shares during the period. Finally, Wealthspire Advisors LLC raised its position in shares of América Móvil by 16.0% in the 2nd quarter. Wealthspire Advisors LLC now owns 13,656 shares of the Wireless communications provider's stock valued at $232,000 after acquiring an additional 1,880 shares during the period. Institutional investors and hedge funds own 6.30% of the company's stock.

América Móvil Company Profile

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.