America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Short Interest Down 43.9% in January

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 4,167,151 shares, a decline of 43.9% from the December 31st total of 7,431,214 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 2,033,833 shares, the short-interest ratio is presently 2.0 days. Based on an average daily volume of 2,033,833 shares, the short-interest ratio is presently 2.0 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Brighton Jones LLC acquired a new position in shares of America Movil in the 4th quarter worth approximately $154,000. Royal Bank of Canada increased its holdings in America Movil by 16.9% in the first quarter. Royal Bank of Canada now owns 375,504 shares of the Wireless communications provider’s stock worth $5,339,000 after buying an additional 54,152 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in America Movil by 2,189.8% during the first quarter. Jones Financial Companies Lllp now owns 23,241 shares of the Wireless communications provider’s stock valued at $330,000 after buying an additional 22,226 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of America Movil by 15.2% in the first quarter. Goldman Sachs Group Inc. now owns 778,584 shares of the Wireless communications provider’s stock worth $11,071,000 after buying an additional 102,545 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of America Movil by 9.5% during the first quarter. Jane Street Group LLC now owns 50,584 shares of the Wireless communications provider’s stock worth $719,000 after buying an additional 4,373 shares during the last quarter. Institutional investors own 6.30% of the company’s stock.

America Movil Stock Down 3.7%

NYSE:AMX traded down $0.81 on Friday, reaching $20.70. The stock had a trading volume of 2,570,566 shares, compared to its average volume of 2,370,377. The stock has a market cap of $62.40 billion, a P/E ratio of 16.83 and a beta of 0.78. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 1.02. The company has a 50-day moving average of $21.12 and a 200 day moving average of $20.73. America Movil has a 12-month low of $13.10 and a 12-month high of $23.68.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AMX shares. The Goldman Sachs Group set a $24.30 price objective on America Movil and gave the stock a “buy” rating in a report on Wednesday, October 22nd. UBS Group lifted their price target on America Movil from $21.10 to $23.60 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. JPMorgan Chase & Co. increased their price objective on shares of America Movil from $21.00 to $23.50 and gave the company a “neutral” rating in a research note on Monday, October 20th. Bank of America assumed coverage on shares of America Movil in a research report on Thursday, December 11th. They set a “neutral” rating and a $26.00 target price for the company. Finally, Zacks Research cut shares of America Movil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $22.34.

America Movil Company Profile

América Móvil is a Mexican telecommunications company headquartered in Mexico City that provides a broad range of communications services. Established in the early 2000s out of the expansion of the Slim family’s telecommunications holdings, the company is a major provider of mobile and fixed-line telephony, broadband internet and pay-television services in the region. Its operations span retail consumer services as well as wholesale and enterprise solutions, positioning it as an integrated communications provider across multiple customer segments.

The company markets services under several regional brands—most notably Telcel in Mexico and Claro across many Latin American markets—and offers both prepaid and postpaid mobile plans, fixed and mobile broadband, fiber-to-the-home where available, and video/broadcast distribution services.