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

Key Points

• The Goldman Sachs Group raised its price target for America Movil from $21.40 to $23.20, suggesting an 11.18% potential upside from the current price.
• Other analysts have varied ratings on America Movil, with one total "Strong Buy," two "Buy," and five "Hold," leading to a consensus rating of "Moderate Buy."
• America Movil reported $0.38 EPS for the last quarter, missing expectations, with a revenue of $12.50 billion which also fell short of consensus estimates.

America Movil (NYSE:AMX - Get Free Report) had its price objective hoisted by The Goldman Sachs Group from $21.40 to $23.20 in a research note issued on Monday,Benzinga reports. The firm currently has a "buy" rating on the Wireless communications provider's stock. The Goldman Sachs Group's price target would indicate a potential upside of 11.18% from the stock's current price.

Other equities analysts also recently issued research reports about the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of America Movil in a research note on Saturday, September 27th. JPMorgan Chase & Co. raised shares of America Movil from an "underweight" rating to a "neutral" rating and raised their price target for the company from $15.00 to $21.00 in a research note on Friday, August 8th. Wall Street Zen raised shares of America Movil from a "hold" rating to a "buy" rating in a research note on Saturday, July 12th. Citigroup downgraded shares of America Movil from a "buy" rating to a "neutral" rating and raised their price target for the company from $20.00 to $22.00 in a research note on Wednesday, September 10th. Finally, UBS Group raised their price target on shares of America Movil from $20.40 to $21.10 and gave the company a "neutral" rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, America Movil presently has a consensus rating of "Moderate Buy" and a consensus target price of $19.75.

America Movil Price Performance

NYSE:AMX traded down $0.10 on Monday, hitting $20.87. The company had a trading volume of 496,034 shares, compared to its average volume of 2,178,192. The stock has a market capitalization of $63.02 billion, a price-to-earnings ratio of 22.15 and a beta of 0.88. The company has a current ratio of 0.75, a quick ratio of 0.70 and a debt-to-equity ratio of 1.02. The firm has a 50 day moving average of $19.67 and a two-hundred day moving average of $17.68. America Movil has a 52 week low of $13.10 and a 52 week high of $21.52.

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

Institutional Investors Weigh In On America Movil

Large investors have recently bought and sold shares of the stock. Hilltop National Bank acquired a new stake in America Movil in the second quarter worth $27,000. Advantage Trust Co acquired a new position in shares of America Movil during the second quarter valued at about $30,000. EverSource Wealth Advisors LLC grew its holdings 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 valued at $38,000 after buying an additional 1,235 shares during the last quarter. Garde Capital Inc. acquired a new position in shares of America Movil during the first quarter valued at about $40,000. Finally, Maseco LLP acquired a new position in shares of America Movil during the second quarter valued at about $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.

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