Traders Purchase Large Volume of Put Options on America Movil SAB de CV (AMX)

America Movil SAB de CV (NYSE:AMX) was the target of unusually large options trading on Friday. Traders purchased 1,521 put options on the company. This is an increase of 1,223% compared to the typical volume of 115 put options.

A number of research firms recently issued reports on AMX. TheStreet cut America Movil SAB de CV from a “b-” rating to a “c+” rating in a research note on Thursday, November 9th. Zacks Investment Research cut shares of America Movil SAB de CV from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 16th. Barclays reaffirmed a “buy” rating and set a $21.00 price target on shares of America Movil SAB de CV in a research note on Friday. Santander raised shares of America Movil SAB de CV from a “hold” rating to a “buy” rating in a research note on Thursday, December 21st. Finally, ValuEngine cut shares of America Movil SAB de CV from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Four research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $17.32.

America Movil SAB de CV (NYSE AMX) opened at $18.18 on Monday. The firm has a market cap of $60,060.94, a P/E ratio of 25.97, a PEG ratio of 0.30 and a beta of 0.52. America Movil SAB de CV has a 52 week low of $12.00 and a 52 week high of $19.50. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.71 and a current ratio of 0.80.

Several institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. grew its stake in shares of America Movil SAB de CV by 10.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 28,843 shares of the Wireless communications provider’s stock worth $459,000 after acquiring an additional 2,711 shares in the last quarter. CIBC World Markets Inc. grew its stake in shares of America Movil SAB de CV by 13.2% in the second quarter. CIBC World Markets Inc. now owns 25,947 shares of the Wireless communications provider’s stock valued at $413,000 after buying an additional 3,025 shares in the last quarter. Creative Planning grew its stake in shares of America Movil SAB de CV by 5.4% in the fourth quarter. Creative Planning now owns 63,956 shares of the Wireless communications provider’s stock valued at $1,097,000 after buying an additional 3,301 shares in the last quarter. Stifel Financial Corp grew its stake in shares of America Movil SAB de CV by 10.6% in the third quarter. Stifel Financial Corp now owns 39,447 shares of the Wireless communications provider’s stock valued at $704,000 after buying an additional 3,780 shares in the last quarter. Finally, Commonwealth Equity Services Inc grew its stake in shares of America Movil SAB de CV by 4.3% in the third quarter. Commonwealth Equity Services Inc now owns 109,956 shares of the Wireless communications provider’s stock valued at $1,951,000 after buying an additional 4,562 shares in the last quarter. 7.49% of the stock is owned by institutional investors.

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About America Movil SAB de CV

America Movil, SAB. de C.V. is a holding company. The Company provides telecommunications services. Its services include mobile and fixed-line voice services, wireless and fixed data services, Internet access and pay television, sales of equipment, accessories and computers, as well as other related services.

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