América Móvil, S.A.B. de C.V. (NYSE:AMX) Short Interest Update

América Móvil, S.A.B. de C.V. (NYSE:AMX) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totalling 6,160,000 shares, an increase of 6.2% from the April 15th total of 5,800,000 shares. Based on an average daily volume of 1,430,000 shares, the days-to-cover ratio is currently 4.3 days.

Hedge Funds Weigh In On América Móvil

A number of institutional investors have recently added to or reduced their stakes in the company. Deutsche Bank AG purchased a new position in América Móvil during the 3rd quarter valued at about $4,247,000. Sei Investments Co. boosted its holdings in América Móvil by 15.4% in the third quarter. Sei Investments Co. now owns 874,457 shares of the Wireless communications provider’s stock worth $15,146,000 after acquiring an additional 117,008 shares in the last quarter. Westwood Global Investments LLC grew its stake in shares of América Móvil by 2.8% in the third quarter. Westwood Global Investments LLC now owns 15,541,830 shares of the Wireless communications provider’s stock worth $269,184,000 after acquiring an additional 424,035 shares during the last quarter. ABS Direct Equity Fund LLC bought a new position in shares of América Móvil during the fourth quarter valued at $6,315,000. Finally, Yousif Capital Management LLC raised its position in shares of América Móvil by 45.5% in the 4th quarter. Yousif Capital Management LLC now owns 52,239 shares of the Wireless communications provider’s stock worth $967,000 after purchasing an additional 16,340 shares during the last quarter. Institutional investors own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on América Móvil from $15.00 to $17.50 and gave the company an “underweight” rating in a research report on Monday, April 1st. Jefferies Financial Group upgraded América Móvil from a “hold” rating to a “buy” rating and boosted their target price for the stock from $19.16 to $22.22 in a research report on Friday, February 16th. StockNews.com upgraded shares of América Móvil from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. The Goldman Sachs Group raised shares of América Móvil from a “neutral” rating to a “buy” rating and upped their price objective for the company from $21.00 to $22.00 in a research note on Monday, April 29th. Finally, Scotiabank lifted their target price on shares of América Móvil from $16.60 to $17.20 and gave the stock a “sector perform” rating in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $21.47.

América Móvil Trading Up 0.1 %

NYSE AMX traded up $0.02 during trading on Friday, hitting $19.75. The company had a trading volume of 1,564,787 shares, compared to its average volume of 1,600,393. The company’s fifty day moving average is $18.89 and its 200-day moving average is $18.41. América Móvil has a one year low of $15.99 and a one year high of $22.85. The company has a current ratio of 0.65, a quick ratio of 0.61 and a debt-to-equity ratio of 0.81. The company has a market cap of $61.32 billion, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 1.48 and a beta of 0.96.

América Móvil (NYSE:AMX) last issued its quarterly earnings data on Tuesday, April 16th. The Wireless communications provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.17). América Móvil had a return on equity of 13.93% and a net margin of 7.28%. The company had revenue of $11.98 billion during the quarter, compared to analysts’ expectations of $11.96 billion. On average, sell-side analysts predict that América Móvil will post 1.41 earnings per share for the current year.

About América Móvil

América Móvil, SAB. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It also provides data services, such as data centers, data administration, and hosting services to residential and corporate clients; value-added services, including Internet access, messaging and other wireless entertainment, and corporate services; data transmission, email services, instant messaging, content streaming, and interactive applications; and wireless security services, mobile payment solutions, machine-to-machine services, mobile banking, virtual private network services, and video calls and personal communications services.