America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Short Interest Up 120.3% in February

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) was the recipient of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 9,889,638 shares, a growth of 120.3% from the February 12th total of 4,489,637 shares. Based on an average daily trading volume, of 3,359,696 shares, the short-interest ratio is currently 2.9 days. Approximately 0.3% of the shares of the company are sold short. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 3,359,696 shares, the short-interest ratio is currently 2.9 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price on America Movil from $23.50 to $24.50 and gave the company a “neutral” rating in a research note on Wednesday. Bank of America started coverage on shares of America Movil in a report on Thursday, December 11th. They issued a “neutral” rating and a $26.00 price objective on the stock. UBS Group reiterated a “buy” rating and issued a $30.00 price objective (up from $23.60) on shares of America Movil in a research report on Tuesday, February 24th. Zacks Research lowered shares of America Movil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of America Movil in a research report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $23.40.

Institutional Trading of America Movil

Institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC bought a new position in shares of America Movil in the fourth quarter valued at approximately $154,000. Royal Bank of Canada raised its holdings in America Movil by 16.9% during the first quarter. Royal Bank of Canada now owns 375,504 shares of the Wireless communications provider’s stock worth $5,339,000 after purchasing an additional 54,152 shares in the last quarter. Jones Financial Companies Lllp lifted its position in America Movil by 2,189.8% in the first quarter. Jones Financial Companies Lllp now owns 23,241 shares of the Wireless communications provider’s stock worth $330,000 after purchasing an additional 22,226 shares during the period. Goldman Sachs Group Inc. boosted its stake 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 valued at $11,071,000 after purchasing an additional 102,545 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake 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 valued at $719,000 after purchasing an additional 4,373 shares in the last quarter. 6.30% of the stock is owned by institutional investors and hedge funds.

America Movil Trading Down 0.2%

NYSE:AMX opened at $22.98 on Friday. The stock has a market cap of $69.28 billion, a price-to-earnings ratio of 16.07 and a beta of 0.72. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.68 and a current ratio of 0.74. America Movil has a 1 year low of $13.10 and a 1 year high of $26.16. The business has a fifty day moving average of $22.46 and a 200-day moving average of $21.82.

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

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.