America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX - Get Free Report) was the recipient of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 15,860,000 shares, a growth of 52.2% from the May 15th total of 10,420,000 shares. Based on an average daily trading volume, of 2,740,000 shares, the short-interest ratio is presently 5.8 days. Currently, 0.5% of the company's shares are sold short.
Hedge Funds Weigh In On America Movil
A number of hedge funds and other institutional investors have recently bought and sold shares of AMX. Transce3nd LLC bought a new stake in shares of America Movil during the fourth quarter worth approximately $26,000. Lee Danner & Bass Inc. acquired a new position in America Movil during the fourth quarter valued at approximately $29,000. Parvin Asset Management LLC acquired a new position in America Movil during the fourth quarter valued at approximately $39,000. Garde Capital Inc. acquired a new position in America Movil during the first quarter valued at approximately $40,000. Finally, Farther Finance Advisors LLC raised its position in America Movil by 82.5% during the fourth quarter. Farther Finance Advisors LLC now owns 3,128 shares of the Wireless communications provider's stock valued at $45,000 after purchasing an additional 1,414 shares in the last quarter. Institutional investors own 6.30% of the company's stock.
America Movil Trading Down 0.0%
America Movil stock traded down $0.01 during mid-day trading on Thursday, hitting $17.23. 2,773,099 shares of the company's stock were exchanged, compared to its average volume of 1,966,575. The firm has a market capitalization of $52.28 billion, a P/E ratio of 31.90, a PEG ratio of 1.09 and a beta of 0.78. America Movil has a fifty-two week low of $13.10 and a fifty-two week high of $18.73. The company has a quick ratio of 0.66, a current ratio of 0.71 and a debt-to-equity ratio of 1.05. The company's 50 day simple moving average is $16.86 and its 200-day simple moving average is $15.23.
America Movil (NYSE:AMX - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). The firm had revenue of $11.36 billion during the quarter, compared to analyst estimates of $11.28 billion. America Movil had a net margin of 3.55% and a return on equity of 7.19%. On average, equities analysts anticipate that America Movil will post 1.51 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on AMX. Wall Street Zen lowered America Movil from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. UBS Group set a $19.60 price objective on America Movil in a research report on Wednesday, May 21st. Hsbc Global Res upgraded America Movil from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. HSBC upgraded America Movil from a "hold" rating to a "buy" rating and increased their price objective for the company from $15.50 to $17.50 in a research report on Monday, April 14th. Finally, The Goldman Sachs Group decreased their price objective on America Movil from $17.60 to $17.30 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, America Movil presently has an average rating of "Hold" and an average target price of $16.62.
Read Our Latest Stock Analysis on America Movil
About America Movil
(
Get Free Report)
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.
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