America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Sees Large Decrease in Short Interest

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) was the target of a large drop in short interest in 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. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 2,700,340 shares, the days-to-cover ratio is currently 3.1 days.

America Movil Stock Up 0.4%

Shares of NYSE:AMX opened at $25.58 on Thursday. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.01. The firm has a market cap of $77.11 billion, a P/E ratio of 17.88 and a beta of 0.71. America Movil has a 12 month low of $13.10 and a 12 month high of $26.16. The company’s 50-day moving average price is $23.49 and its two-hundred day moving average price is $22.25.

America Movil (NYSE:AMX) last announced its earnings results 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). America Movil had a return on equity of 18.92% and a net margin of 8.78%.The company had revenue of $13.59 billion during the quarter, compared to the consensus estimate of $13.09 billion. As a group, research analysts forecast that America Movil will post 1.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AMX. Lazard Asset Management LLC increased its stake in shares of America Movil by 8.8% in the 3rd quarter. Lazard Asset Management LLC now owns 17,703,513 shares of the Wireless communications provider’s stock valued at $371,774,000 after buying an additional 1,430,626 shares during the period. Robeco Institutional Asset Management B.V. raised its position in shares of America Movil by 93.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 8,376,918 shares of the Wireless communications provider’s stock worth $173,151,000 after acquiring an additional 4,053,838 shares during the last quarter. Boston Partners lifted its stake in shares of America Movil by 7.3% during the fourth quarter. Boston Partners now owns 4,835,629 shares of the Wireless communications provider’s stock valued at $99,952,000 after acquiring an additional 326,890 shares during the period. Dimensional Fund Advisors LP boosted its holdings in America Movil by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,215,162 shares of the Wireless communications provider’s stock valued at $87,129,000 after acquiring an additional 71,182 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in America Movil by 9.8% in the fourth quarter. Morgan Stanley now owns 3,970,788 shares of the Wireless communications provider’s stock valued at $82,076,000 after acquiring an additional 353,632 shares during the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

AMX has been the topic of a number of recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of America Movil in a research report on Wednesday, January 21st. Scotiabank lifted their target price on shares of America Movil from $19.50 to $21.80 and gave the company a “sector perform” rating in a research note on Monday. Santander downgraded America Movil from an “outperform” rating to a “neutral” rating in a report on Friday, December 12th. Zacks Research lowered America Movil from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 10th. Finally, Bank of America initiated coverage on America Movil in a report on Thursday, December 11th. They set a “neutral” rating and a $26.00 price target for the company. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $23.73.

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.