América Móvil, S.A.B. de C.V. (NYSE:AMX) Short Interest Up 96.9% in April

América Móvil, S.A.B. de C.V. (NYSE:AMX - Get Free Report) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 12,540,000 shares, a growth of 96.9% from the March 31st total of 6,370,000 shares. Based on an average daily trading volume, of 2,170,000 shares, the short-interest ratio is currently 5.8 days. Currently, 0.4% of the company's stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Crossmark Global Holdings Inc. grew its stake in shares of América Móvil by 0.4% during the 1st quarter. Crossmark Global Holdings Inc. now owns 148,779 shares of the Wireless communications provider's stock worth $2,116,000 after purchasing an additional 585 shares during the period. Farther Finance Advisors LLC grew its position in América Móvil by 21.9% during the first quarter. Farther Finance Advisors LLC now owns 3,813 shares of the Wireless communications provider's stock worth $55,000 after buying an additional 685 shares during the period. Investors Research Corp increased its holdings in América Móvil by 3.2% in the first quarter. Investors Research Corp now owns 25,701 shares of the Wireless communications provider's stock valued at $365,000 after buying an additional 800 shares in the last quarter. Signaturefd LLC lifted its position in shares of América Móvil by 10.4% during the 1st quarter. Signaturefd LLC now owns 9,976 shares of the Wireless communications provider's stock valued at $142,000 after acquiring an additional 937 shares during the period. Finally, Transce3nd LLC purchased a new stake in shares of América Móvil during the 4th quarter worth approximately $26,000. Institutional investors and hedge funds own 6.30% of the company's stock.

América Móvil Stock Performance

América Móvil stock traded up $0.01 during trading hours on Friday, reaching $17.17. 3,069,099 shares of the stock were exchanged, compared to its average volume of 1,838,532. América Móvil has a 52-week low of $13.10 and a 52-week high of $20.31. The stock has a market cap of $52.37 billion, a P/E ratio of 35.04, a P/E/G ratio of 0.77 and a beta of 0.82. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. The firm's 50 day moving average is $14.93 and its 200 day moving average is $14.86.

América Móvil (NYSE:AMX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The Wireless communications provider reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.02). América Móvil had a net margin of 3.25% and a return on equity of 6.38%. The firm had revenue of $11.36 billion during the quarter, compared to analyst estimates of $11.28 billion. Analysts predict that América Móvil will post 1.51 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AMX. The Goldman Sachs Group reduced their price target on shares of América Móvil from $17.60 to $17.30 and set a "buy" rating for the company in a research report on Wednesday, February 19th. Hsbc Global Res raised América Móvil from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. JPMorgan Chase & Co. cut their price target on América Móvil from $17.00 to $15.00 and set an "underweight" rating on the stock in a research report on Thursday, January 16th. Scotiabank cut their target price on shares of América Móvil from $17.30 to $13.70 and set a "sector perform" rating on the stock in a report on Thursday, February 13th. Finally, HSBC upgraded shares of América Móvil from a "hold" rating to a "buy" rating and increased their price target for the stock from $15.50 to $17.50 in a research note on Monday, April 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $17.22.

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 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.