Short Interest in America Movil SAB de CV Decreases By 20.3% (AMX)
America Movil SAB de CV (NYSE:AMX) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totalling 22,581,913 shares, a drop of 20.3% from the July 15th total of 28,343,357 shares, Analyst Ratings Net reports. Based on an average daily volume of 6,396,958 shares, the short-interest ratio is presently 3.5 days. Currently, 0.0% of the company’s stock are short sold.
AMX has been the subject of a number of recent research reports. Analysts at Morgan Stanley downgraded shares of America Movil SAB de CV from an “equal weight” rating to an “underweight” rating in a research note on Monday, July 21st. Analysts at Barclays raised their price target on shares of America Movil SAB de CV from $20.50 to $24.00 in a research note on Friday, July 18th. They now have an “equal weight” rating on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. America Movil SAB de CV has an average rating of “Hold” and a consensus price target of $22.05.
Shares of America Movil SAB de CV (NYSE:AMX) opened at 23.59 on Monday. America Movil SAB de CV has a 52 week low of $19.01 and a 52 week high of $24.17. The stock has a 50-day moving average of $22.93 and a 200-day moving average of $20.80. The company has a market cap of $81.827 billion and a P/E ratio of 16.84.
America Movil SAB de CV (NYSE:AMX) last announced its earnings results on Monday, July 21st. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.03. Analysts expect that America Movil SAB de CV will post $1.83 EPS for the current fiscal year.
America Movil SAB de CV is a Mexico-based company, which is primarily engaged in the provision of wireless communications services in Latin America.
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