América Móvil, S.A.B. de C.V. (NYSE:AMX) Short Interest Update

América Móvil, S.A.B. de C.V. (NYSE:AMXGet Free Report) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 5,790,000 shares, an increase of 10.5% from the February 29th total of 5,240,000 shares. Based on an average daily volume of 1,430,000 shares, the days-to-cover ratio is presently 4.0 days.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AMX. StockNews.com raised América Móvil from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. The Goldman Sachs Group lifted their price objective on América Móvil from $19.50 to $21.00 and gave the stock a “neutral” rating in a report on Monday, February 26th. JPMorgan Chase & Co. lifted their price objective on América Móvil from $15.00 to $17.50 and gave the stock an “underweight” rating in a report on Monday. Jefferies Financial Group raised América Móvil from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $19.16 to $22.22 in a report on Friday, February 16th. Finally, UBS Group lifted their price objective on América Móvil from $21.00 to $22.80 and gave the stock a “buy” rating in a report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.57.

View Our Latest Stock Analysis on América Móvil

Hedge Funds Weigh In On América Móvil

Hedge funds have recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. raised its position in América Móvil by 2.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 21,622 shares of the Wireless communications provider’s stock worth $400,000 after buying an additional 587 shares during the last quarter. SVB Wealth LLC increased its position in shares of América Móvil by 6.1% during the 1st quarter. SVB Wealth LLC now owns 10,749 shares of the Wireless communications provider’s stock valued at $226,000 after purchasing an additional 618 shares during the last quarter. HighTower Advisors LLC increased its position in shares of América Móvil by 3.8% during the 1st quarter. HighTower Advisors LLC now owns 17,406 shares of the Wireless communications provider’s stock valued at $367,000 after purchasing an additional 640 shares during the last quarter. Cerity Partners LLC increased its position in shares of América Móvil by 3.9% during the 1st quarter. Cerity Partners LLC now owns 18,165 shares of the Wireless communications provider’s stock valued at $382,000 after purchasing an additional 679 shares during the last quarter. Finally, LPL Financial LLC increased its position in shares of América Móvil by 0.8% during the 3rd quarter. LPL Financial LLC now owns 84,272 shares of the Wireless communications provider’s stock valued at $1,460,000 after purchasing an additional 685 shares during the last quarter. Institutional investors own 6.30% of the company’s stock.

América Móvil Trading Down 0.5 %

NYSE:AMX opened at $18.66 on Wednesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.67 and a quick ratio of 0.63. The firm has a market capitalization of $58.31 billion, a P/E ratio of 13.93, a PEG ratio of 1.51 and a beta of 0.98. The company’s 50-day simple moving average is $18.45 and its 200 day simple moving average is $17.98. América Móvil has a one year low of $15.99 and a one year high of $23.07.

América Móvil (NYSE:AMXGet Free Report) last released its earnings results on Tuesday, February 13th. The Wireless communications provider reported $0.33 EPS for the quarter, topping the consensus estimate of $0.25 by $0.08. América Móvil had a return on equity of 18.02% and a net margin of 9.18%. The business had revenue of $11.45 billion for the quarter, compared to the consensus estimate of $11.92 billion. As a group, analysts forecast that América Móvil will post 1.54 EPS for the current fiscal year.

About América Móvil

(Get Free Report)

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 also 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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