America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Sees Large Growth in Short Interest

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 9,889,638 shares, an increase of 120.3% from the February 12th total of 4,489,637 shares. Based on an average trading volume of 3,359,696 shares, the short-interest ratio is currently 2.9 days. Approximately 0.3% of the company’s stock are sold short. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 3,359,696 shares, the short-interest ratio is currently 2.9 days.

America Movil Stock Down 0.8%

America Movil stock opened at $23.72 on Thursday. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.01. America Movil has a 1-year low of $13.10 and a 1-year high of $26.16. The company has a fifty day simple moving average of $22.36 and a 200 day simple moving average of $21.79. The company has a market cap of $71.52 billion, a P/E ratio of 16.59 and a beta of 0.72.

America Movil (NYSE:AMX) last issued its quarterly earnings results on Thursday, February 12th. The Wireless communications provider reported $0.35 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.08). America Movil had a return on equity of 18.92% and a net margin of 8.78%.The business had revenue of $13.59 billion for the quarter, compared to the consensus estimate of $13.09 billion. Research analysts anticipate that America Movil will post 1.51 earnings per share for the current fiscal year.

Institutional Trading of America Movil

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Trust Co. of Vermont acquired a new position in America Movil during the third quarter valued at approximately $31,000. Camelot Portfolios LLC acquired a new position in shares of America Movil during the 4th quarter worth approximately $31,000. Atlas Capital Advisors Inc. bought a new stake in shares of America Movil during the 4th quarter worth approximately $37,000. EverSource Wealth Advisors LLC raised its stake in shares of America Movil by 142.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock worth $38,000 after purchasing an additional 1,235 shares in the last quarter. Finally, Beacon Financial Strategies CORP acquired a new stake in shares of America Movil in the 4th quarter valued at approximately $43,000. Institutional investors and hedge funds own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AMX shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of America Movil in a research note on Wednesday, January 21st. Wall Street Zen raised America Movil from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th. JPMorgan Chase & Co. upped their price objective on America Movil from $23.50 to $24.50 and gave the stock a “neutral” rating in a research report on Wednesday. Bank of America initiated coverage on America Movil in a report on Thursday, December 11th. They set a “neutral” rating and a $26.00 price objective for the company. Finally, Zacks Research lowered America Movil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 10th. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $23.40.

America Movil Company Profile

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.