América Móvil, S.A.B. de C.V. (NYSE:AMX) Sees Significant Growth in Short Interest

América Móvil, S.A.B. de C.V. (NYSE:AMXGet Free Report) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totalling 6,160,000 shares, a growth of 6.2% from the April 15th total of 5,800,000 shares. Based on an average daily volume of 1,430,000 shares, the short-interest ratio is currently 4.3 days.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Report on América Móvil

América Móvil Stock Up 0.1 %

AMX traded up $0.02 during trading on Friday, reaching $19.75. 1,564,787 shares of the stock were exchanged, compared to its average volume of 1,600,393. The stock has a market cap of $61.32 billion, a P/E ratio of 18.29, a price-to-earnings-growth ratio of 1.48 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. The stock’s 50 day moving average price is $18.89 and its two-hundred day moving average price is $18.41. América Móvil has a twelve month low of $15.99 and a twelve month high of $22.85.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Private Ocean LLC acquired a new position in shares of América Móvil in the first quarter valued at $26,000. Allworth Financial LP boosted its holdings in América Móvil by 198.8% in the 3rd quarter. Allworth Financial LP now owns 1,808 shares of the Wireless communications provider’s stock valued at $31,000 after purchasing an additional 1,203 shares during the period. NBC Securities Inc. bought a new position in shares of América Móvil during the third quarter worth approximately $31,000. Motco acquired a new stake in shares of América Móvil in the third quarter valued at approximately $36,000. Finally, Principal Securities Inc. acquired a new stake in América Móvil during the fourth quarter worth approximately $41,000. 6.30% of the stock is owned by institutional investors and hedge funds.

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.

Read More

Receive News & Ratings for América Móvil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for América Móvil and related companies with MarketBeat.com's FREE daily email newsletter.