America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Short Interest Up 20.0% in February

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) saw a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 4,489,637 shares, an increase of 20.0% from the January 29th total of 3,741,920 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 2,379,321 shares, the short-interest ratio is presently 1.9 days. Based on an average trading volume of 2,379,321 shares, the short-interest ratio is presently 1.9 days. Approximately 0.2% of the shares of the stock are short sold.

America Movil Stock Performance

America Movil stock opened at $24.38 on Friday. The stock has a fifty day moving average price of $22.12 and a 200 day moving average price of $21.65. America Movil has a 52 week low of $13.10 and a 52 week high of $26.16. The firm has a market capitalization of $73.51 billion, a P/E ratio of 17.05 and a beta of 0.72. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.01.

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

Analysts Set New Price Targets

Several research firms have recently commented on AMX. Wall Street Zen upgraded shares of America Movil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of America Movil in a report on Wednesday, January 21st. UBS Group reissued a “buy” rating and issued a $30.00 price target (up from $23.60) on shares of America Movil in a report on Tuesday, February 24th. Zacks Research lowered America Movil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Finally, Bank of America began coverage on shares of America Movil in a research note on Thursday, December 11th. They issued a “neutral” rating and a $26.00 target price for the company. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $23.26.

Hedge Funds Weigh In On America Movil

A number of hedge funds have recently made changes to their positions in the stock. Trust Co. of Vermont purchased a new stake in shares of America Movil during the 3rd quarter valued at $31,000. Camelot Portfolios LLC acquired a new stake in America Movil during the fourth quarter worth about $31,000. Atlas Capital Advisors Inc. purchased a new position in shares of America Movil in the 4th quarter worth about $37,000. Beacon Financial Strategies CORP purchased a new position in shares of America Movil in the 4th quarter worth about $43,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of America Movil by 142.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the Wireless communications provider’s stock valued at $38,000 after purchasing an additional 1,235 shares in the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

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.