America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Short Interest Update

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) saw a significant decline in short interest in January. As of January 15th, there was short interest totaling 4,167,151 shares, a decline of 43.9% from the December 31st total of 7,431,214 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 2,033,833 shares, the days-to-cover ratio is currently 2.0 days. Based on an average daily volume of 2,033,833 shares, the days-to-cover ratio is currently 2.0 days. Currently, 0.1% of the shares of the stock are sold short.

America Movil Stock Performance

Shares of AMX traded down $0.81 during midday trading on Friday, reaching $20.70. 2,570,566 shares of the stock were exchanged, compared to its average volume of 2,370,377. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.02. The stock’s 50 day simple moving average is $21.12 and its 200 day simple moving average is $20.73. America Movil has a twelve month low of $13.10 and a twelve month high of $23.68. The company has a market cap of $62.40 billion, a P/E ratio of 16.83 and a beta of 0.78.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Bank of America began coverage on shares of America Movil in a report on Thursday, December 11th. They set a “neutral” rating and a $26.00 price target for the company. Wall Street Zen upgraded shares of America Movil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. JPMorgan Chase & Co. lifted their price target on shares of America Movil from $21.00 to $23.50 and gave the stock a “neutral” rating in a research report on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of America Movil in a research note on Wednesday, January 21st. Finally, Zacks Research downgraded America Movil from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.34.

Institutional Trading of America Movil

A number of institutional investors have recently modified their holdings of AMX. Boston Partners raised its position in shares of America Movil by 6,421.7% in the 2nd quarter. Boston Partners now owns 4,127,267 shares of the Wireless communications provider’s stock valued at $74,043,000 after buying an additional 4,063,982 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in America Movil by 93.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 8,376,918 shares of the Wireless communications provider’s stock worth $173,151,000 after purchasing an additional 4,053,838 shares during the last quarter. Lazard Asset Management LLC lifted its stake in America Movil by 8.8% during the third quarter. Lazard Asset Management LLC now owns 17,703,513 shares of the Wireless communications provider’s stock worth $371,774,000 after purchasing an additional 1,430,626 shares during the last quarter. Nan Fung Trinity HK Ltd. boosted its holdings in shares of America Movil by 352.2% in the 3rd quarter. Nan Fung Trinity HK Ltd. now owns 1,433,900 shares of the Wireless communications provider’s stock valued at $30,112,000 after purchasing an additional 1,116,800 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of America Movil by 79.4% in the 3rd quarter. American Century Companies Inc. now owns 2,445,349 shares of the Wireless communications provider’s stock valued at $51,352,000 after purchasing an additional 1,082,493 shares during the last quarter. 6.30% of the stock is currently owned by institutional investors.

About America Movil

América Móvil is a Mexican telecommunications company headquartered in Mexico City that provides a broad range of communications services. Established in the early 2000s out of the expansion of the Slim family’s telecommunications holdings, the company is a major provider of mobile and fixed-line telephony, broadband internet and pay-television services in the region. Its operations span retail consumer services as well as wholesale and enterprise solutions, positioning it as an integrated communications provider across multiple customer segments.

The company markets services under several regional brands—most notably Telcel in Mexico and Claro across many Latin American markets—and offers both prepaid and postpaid mobile plans, fixed and mobile broadband, fiber-to-the-home where available, and video/broadcast distribution services.