América Móvil, S.A.B. de C.V. (NYSE:AMX) Short Interest Up 6.2% in April

América Móvil, S.A.B. de C.V. (NYSE:AMX - Get Free Report) was the recipient of a large increase in short interest in 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 short-interest ratio is presently 4.3 days.

Wall Street Analysts Forecast Growth

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

América Móvil Price Performance

Shares of NYSE:AMX traded up $0.02 during trading on Friday, hitting $19.75. 1,564,787 shares of the company were exchanged, compared to its average volume of 1,600,393. América Móvil has a 1-year low of $15.99 and a 1-year high of $22.85. The company has a market capitalization of $61.32 billion, a P/E ratio of 18.29, a price-to-earnings-growth ratio of 1.48 and a beta of 0.96. The company has a quick ratio of 0.61, a current ratio of 0.65 and a debt-to-equity ratio of 0.81. The business's 50 day moving average is $18.89 and its 200-day moving average is $18.42.

América Móvil (NYSE:AMX - Get Free Report) last issued its earnings results on Tuesday, April 16th. The Wireless communications provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.17). América Móvil had a return on equity of 13.93% and a net margin of 7.28%. The firm had revenue of $11.98 billion during the quarter, compared to analyst estimates of $11.96 billion. Equities analysts forecast that América Móvil will post 1.41 earnings per share for the current year.

Institutional Investors Weigh In On América Móvil

Hedge funds have recently added to or reduced their stakes in the business. Bayesian Capital Management LP acquired a new stake in shares of América Móvil in the first quarter valued at about $767,000. Lazard Asset Management LLC raised its stake in América Móvil by 9.9% during the first quarter. Lazard Asset Management LLC now owns 12,528,301 shares of the Wireless communications provider's stock worth $233,777,000 after buying an additional 1,128,671 shares during the last quarter. Capital International Sarl lifted its holdings in América Móvil by 11.2% in the first quarter. Capital International Sarl now owns 1,254,814 shares of the Wireless communications provider's stock valued at $23,415,000 after buying an additional 126,334 shares during the period. Capital International Ltd. CA boosted its position in América Móvil by 12.2% during the first quarter. Capital International Ltd. CA now owns 650,200 shares of the Wireless communications provider's stock valued at $12,133,000 after acquiring an additional 70,924 shares during the last quarter. Finally, Capital International Inc. CA grew its holdings in América Móvil by 9.5% during the 1st quarter. Capital International Inc. CA now owns 2,986,890 shares of the Wireless communications provider's stock worth $55,735,000 after acquiring an additional 258,203 shares during the period. 6.30% of the stock is currently owned by institutional investors and hedge funds.

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 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.