America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Short Interest Down 15.1% in March

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) was the recipient of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 8,398,599 shares, a drop of 15.1% from the February 26th total of 9,889,638 shares. Based on an average trading volume of 2,700,340 shares, the short-interest ratio is currently 3.1 days. Approximately 0.3% of the shares of the stock are sold short.

America Movil Stock Performance

Shares of America Movil stock opened at $24.62 on Tuesday. The company’s 50 day moving average price is $23.29 and its two-hundred day moving average price is $22.19. The firm has a market capitalization of $74.23 billion, a P/E ratio of 17.22 and a beta of 0.72. America Movil has a fifty-two week low of $13.10 and a fifty-two week high of $26.16. 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 (NYSE:AMX) last announced its quarterly earnings results on Thursday, February 12th. The Wireless communications provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). America Movil had a net margin of 8.78% and a return on equity of 18.92%. The firm had revenue of $13.59 billion during the quarter, compared to the consensus estimate of $13.09 billion. On average, equities analysts forecast that America Movil will post 1.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMX has been the subject of a number of recent analyst reports. UBS Group reiterated a “buy” rating and set a $30.00 target price (up from $23.60) on shares of America Movil in a research report on Tuesday, February 24th. Wall Street Zen upgraded America Movil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. Zacks Research downgraded America Movil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Bank of America began coverage on shares of America Movil in a research report on Thursday, December 11th. They set a “neutral” rating and a $26.00 price objective for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of America Movil in a report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $23.73.

Hedge Funds Weigh In On America Movil

Several large investors have recently bought and sold shares of the company. Brighton Jones LLC bought a new stake in shares of America Movil during the fourth quarter worth about $154,000. Royal Bank of Canada raised its holdings in America Movil by 16.9% in the 1st quarter. Royal Bank of Canada now owns 375,504 shares of the Wireless communications provider’s stock valued at $5,339,000 after buying an additional 54,152 shares during the last quarter. Jones Financial Companies Lllp boosted its position in America Movil by 2,189.8% during the 1st quarter. Jones Financial Companies Lllp now owns 23,241 shares of the Wireless communications provider’s stock worth $330,000 after buying an additional 22,226 shares during the period. Goldman Sachs Group Inc. grew its holdings in America Movil by 15.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 778,584 shares of the Wireless communications provider’s stock worth $11,071,000 after acquiring an additional 102,545 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in America Movil by 9.5% during the 1st quarter. Jane Street Group LLC now owns 50,584 shares of the Wireless communications provider’s stock worth $719,000 after acquiring an additional 4,373 shares during the last quarter. 6.30% of the stock is currently owned by 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.