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

América Móvil, S.A.B. de C.V. (NYSE:AMX - Get Free Report) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 5,790,000 shares, a growth of 10.5% from the February 29th total of 5,240,000 shares. Based on an average daily volume of 1,430,000 shares, the days-to-cover ratio is currently 4.0 days.

Institutional Trading of América Móvil

Institutional investors and hedge funds have recently modified their holdings of the company. Bessemer Group Inc. raised its stake in América Móvil by 219.6% during the 2nd quarter. Bessemer Group Inc. now owns 1,157 shares of the Wireless communications provider's stock valued at $25,000 after purchasing an additional 795 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new position in América Móvil during the 2nd quarter valued at $28,000. Financial Freedom LLC acquired a new position in América Móvil during the 4th quarter valued at $28,000. Allworth Financial LP raised its stake in América Móvil by 198.8% during the 3rd quarter. Allworth Financial LP now owns 1,808 shares of the Wireless communications provider's stock valued at $31,000 after purchasing an additional 1,203 shares during the last quarter. Finally, NBC Securities Inc. acquired a new position in América Móvil during the 3rd quarter valued at $31,000. 6.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on AMX. The Goldman Sachs Group boosted their target price on shares of América Móvil from $19.50 to $21.00 and gave the stock a "neutral" rating in a report on Monday, February 26th. UBS Group lifted their target price on shares of América Móvil from $21.00 to $22.80 and gave the stock a "buy" rating in a research report on Tuesday, January 16th. Jefferies Financial Group raised shares of América Móvil from a "hold" rating to a "buy" rating and lifted their target price for the stock from $19.16 to $22.22 in a research report on Friday, February 16th. JPMorgan Chase & Co. lifted their target price on shares of América Móvil from $15.00 to $17.50 and gave the stock an "underweight" rating in a research report on Monday. Finally, StockNews.com raised shares of América Móvil from a "hold" rating to a "buy" rating in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $22.57.

América Móvil Stock Down 0.6 %

AMX stock traded down $0.12 during trading hours on Wednesday, hitting $18.54. The company's stock had a trading volume of 813,696 shares, compared to its average volume of 1,447,517. The company has a quick ratio of 0.63, a current ratio of 0.67 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $57.94 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 1.51 and a beta of 0.98. América Móvil has a 12 month low of $15.99 and a 12 month high of $23.07. The stock has a 50 day moving average price of $18.46 and a two-hundred day moving average price of $17.98.

América Móvil (NYSE:AMX - Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The Wireless communications provider reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.08. América Móvil had a net margin of 9.18% and a return on equity of 18.02%. The business had revenue of $11.45 billion during the quarter, compared to analysts' expectations of $11.92 billion. On average, equities research analysts expect that América Móvil will post 1.54 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.