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) was the recipient of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 8,398,599 shares, a decline of 15.1% from the February 26th total of 9,889,638 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 2,700,340 shares, the days-to-cover ratio is currently 3.1 days.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AMX shares. Bank of America assumed coverage on shares of America Movil in a research note on Thursday, December 11th. They issued a “neutral” rating and a $26.00 target price for the company. UBS Group reiterated a “buy” rating and set a $30.00 price objective (up from $23.60) on shares of America Movil in a research note on Tuesday, February 24th. JPMorgan Chase & Co. upped their price target on America Movil from $23.50 to $24.50 and gave the company a “neutral” rating in a research report on Wednesday, March 11th. Weiss Ratings restated a “hold (c)” rating on shares of America Movil in a report on Wednesday, January 21st. Finally, Santander cut shares of America Movil from an “outperform” rating to a “neutral” rating in a report on Friday, December 12th. Three analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $23.73.

America Movil Stock Performance

America Movil stock opened at $25.42 on Wednesday. The company’s 50-day moving average is $23.39 and its 200 day moving average is $22.22. The firm has a market capitalization of $76.64 billion, a P/E ratio of 17.90 and a beta of 0.72. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.74 and a quick ratio of 0.68. America Movil has a 1-year low of $13.10 and a 1-year high of $26.16.

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

Institutional Trading of America Movil

A number of large investors have recently made changes to their positions in AMX. Trust Co. of Vermont purchased a new position in America Movil during the 3rd quarter worth approximately $31,000. Camelot Portfolios LLC acquired a new position in America Movil in the fourth quarter valued at $31,000. Atlas Capital Advisors Inc. acquired a new stake in shares of America Movil during the fourth quarter worth about $37,000. Beacon Financial Strategies CORP acquired a new stake in shares of America Movil in the fourth quarter valued at about $43,000. Finally, EverSource Wealth Advisors LLC boosted its position in 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 worth $38,000 after purchasing an additional 1,235 shares in the last quarter. 6.30% of the stock is currently owned by hedge funds and other institutional investors.

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.