América Móvil, S.A.B. de C.V. (NYSE:AMX) Sees Large Growth in Short Interest

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

Institutional Investors Weigh In On América Móvil

Hedge funds and other institutional investors have recently made changes to their positions in the business. Lazard Asset Management LLC raised its holdings in América Móvil by 12.6% in the 4th quarter. Lazard Asset Management LLC now owns 14,089,624 shares of the Wireless communications provider's stock valued at $201,621,000 after acquiring an additional 1,571,290 shares in the last quarter. Bank of America Corp DE raised its stake in América Móvil by 278.8% in the fourth quarter. Bank of America Corp DE now owns 10,216,018 shares of the Wireless communications provider's stock valued at $146,191,000 after purchasing an additional 7,519,147 shares in the last quarter. First Trust Advisors LP lifted its position in América Móvil by 1.7% during the fourth quarter. First Trust Advisors LP now owns 2,999,200 shares of the Wireless communications provider's stock worth $42,919,000 after purchasing an additional 48,849 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in América Móvil by 115.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,961,191 shares of the Wireless communications provider's stock worth $28,065,000 after buying an additional 1,050,203 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in América Móvil by 93.0% in the 1st quarter. Teacher Retirement System of Texas now owns 1,585,100 shares of the Wireless communications provider's stock valued at $22,540,000 after buying an additional 764,000 shares during the period. 6.30% of the stock is currently owned by institutional investors and hedge funds.

América Móvil Stock Performance

NYSE:AMX traded up $0.01 during mid-day trading on Friday, hitting $17.17. 3,069,099 shares of the stock were exchanged, compared to its average volume of 1,834,250. 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 simple moving average is $14.88 and its 200 day simple moving average is $14.89. América Móvil has a fifty-two week low of $13.10 and a fifty-two week high of $20.31. The stock has a market capitalization of $52.37 billion, a price-to-earnings ratio of 35.04, a price-to-earnings-growth ratio of 0.77 and a beta of 0.79.

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

Analyst Upgrades and Downgrades

AMX has been the topic of a number of research analyst reports. Scotiabank dropped 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. Hsbc Global Res upgraded América Móvil from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. JPMorgan Chase & Co. reduced their target price on América Móvil from $17.00 to $15.00 and set an "underweight" rating for the company in a research note on Thursday, January 16th. StockNews.com upgraded América Móvil from a "buy" rating to a "strong-buy" rating in a research note on Saturday, March 15th. Finally, The Goldman Sachs Group reduced their price objective 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $17.22.

América Móvil Company Profile

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.