América Móvil, S.A.B. de C.V. (NYSE:AMX) Short Interest Up 33.1% in May

América Móvil, S.A.B. de C.V. (NYSE:AMXGet Free Report) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 8,200,000 shares, a growth of 33.1% from the April 30th total of 6,160,000 shares. Based on an average trading volume of 1,260,000 shares, the days-to-cover ratio is currently 6.5 days.

América Móvil Trading Up 0.7 %

Shares of NYSE AMX traded up $0.13 during mid-day trading on Thursday, reaching $18.91. 1,801,991 shares of the company’s stock were exchanged, compared to its average volume of 1,422,914. The firm has a market capitalization of $58.72 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 1.15 and a beta of 0.96. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.61 and a current ratio of 0.65. América Móvil has a 52-week low of $15.99 and a 52-week high of $22.85. The company’s 50-day moving average is $18.97 and its 200-day moving average is $18.55.

América Móvil (NYSE:AMXGet Free Report) last released its quarterly earnings results on Tuesday, April 16th. The Wireless communications provider reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.17). América Móvil had a return on equity of 13.93% and a net margin of 7.28%. The business had revenue of $11.98 billion for the quarter, compared to analysts’ expectations of $11.96 billion. Analysts expect that América Móvil will post 1.41 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AMX shares. Jefferies Financial Group raised América Móvil from a “hold” rating to a “buy” rating and upped their target price for the stock from $19.16 to $22.22 in a research note on Friday, February 16th. StockNews.com raised América Móvil from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. Scotiabank upped their target price on América Móvil from $16.60 to $17.20 and gave the stock a “sector perform” rating in a research note on Thursday, April 25th. The Goldman Sachs Group upgraded América Móvil from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $21.00 to $22.00 in a research report on Monday, April 29th. Finally, JPMorgan Chase & Co. boosted their price target on América Móvil from $15.00 to $17.50 and gave the stock an “underweight” rating in a research report on Monday, April 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, América Móvil currently has a consensus rating of “Moderate Buy” and an average target price of $21.47.

Check Out Our Latest Stock Analysis on AMX

Hedge Funds Weigh In On América Móvil

Hedge funds have recently bought and sold shares of the company. Private Ocean LLC acquired a new position in América Móvil during the 1st quarter worth about $26,000. NBC Securities Inc. purchased a new position in shares of América Móvil during the third quarter worth approximately $31,000. Motco acquired a new position in América Móvil in the third quarter valued at $36,000. Principal Securities Inc. purchased a new stake in América Móvil during the 4th quarter valued at approximately $41,000. Finally, Sound Income Strategies LLC raised its stake in shares of América Móvil by 1,729.5% during the fourth quarter. Sound Income Strategies LLC now owns 2,415 shares of the Wireless communications provider’s stock worth $45,000 after purchasing an additional 2,283 shares during the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

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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