America Movil (NYSE:AMX) Given New $23.20 Price Target at The Goldman Sachs Group

America Movil (NYSE:AMX) had its price target hoisted by The Goldman Sachs Group from $21.40 to $23.20 in a research report report published on Monday,Benzinga reports. They currently have a buy rating on the Wireless communications provider’s stock.

AMX has been the subject of a number of other reports. JPMorgan Chase & Co. raised America Movil from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $15.00 to $21.00 in a research report on Friday, August 8th. Weiss Ratings reissued a “hold (c)” rating on shares of America Movil in a research note on Saturday, September 27th. Wall Street Zen raised shares of America Movil from a “hold” rating to a “buy” rating in a research report on Saturday, July 12th. Citigroup lowered America Movil from a “buy” rating to a “neutral” rating and boosted their target price for the company from $20.00 to $22.00 in a research report on Wednesday, September 10th. Finally, UBS Group raised their price target on America Movil from $20.40 to $21.10 and gave the stock a “neutral” rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.75.

America Movil Stock Down 0.5%

AMX stock opened at $20.86 on Monday. America Movil has a one year low of $13.10 and a one year high of $21.52. The firm has a market cap of $63.00 billion, a PE ratio of 22.19 and a beta of 0.88. The firm’s 50 day moving average price is $19.72 and its 200-day moving average price is $17.73. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.70 and a current ratio of 0.75.

America Movil (NYSE:AMX) last posted its earnings results on Tuesday, July 22nd. The Wireless communications provider reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.11). America Movil had a return on equity of 12.59% and a net margin of 6.11%.The business had revenue of $12.50 billion for the quarter, compared to analyst estimates of $233.77 billion. On average, equities research analysts anticipate that America Movil will post 1.51 EPS for the current year.

Institutional Trading of America Movil

Hedge funds have recently modified their holdings of the stock. Hilltop National Bank purchased a new position in America Movil in the second quarter valued at $27,000. Advantage Trust Co purchased a new position in shares of America Movil in the 2nd quarter valued at about $30,000. EverSource Wealth Advisors LLC grew its position in shares of America Movil by 142.3% during the second quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock worth $38,000 after buying an additional 1,235 shares in the last quarter. Garde Capital Inc. acquired a new position in shares of America Movil during the first quarter worth about $40,000. Finally, Maseco LLP purchased a new stake in shares of America Movil during the second quarter worth approximately $54,000. 6.30% of the stock is currently owned by institutional investors and hedge funds.

About America Movil

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.