America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) Short Interest Down 15.1% in March

America Movil, S.A.B. de C.V. Unsponsored ADR (NYSE:AMX) saw a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 8,398,599 shares, a decline of 15.1% from the February 26th total of 9,889,638 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 2,700,340 shares, the short-interest ratio is presently 3.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. grew its stake in America Movil by 93.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 8,376,918 shares of the Wireless communications provider’s stock worth $173,151,000 after purchasing an additional 4,053,838 shares during the period. Lazard Asset Management LLC lifted its stake in America Movil by 8.8% in the third quarter. Lazard Asset Management LLC now owns 17,703,513 shares of the Wireless communications provider’s stock valued at $371,774,000 after buying an additional 1,430,626 shares during the period. Nan Fung Trinity HK Ltd. lifted its stake in America Movil by 352.2% in the third quarter. Nan Fung Trinity HK Ltd. now owns 1,433,900 shares of the Wireless communications provider’s stock valued at $30,112,000 after buying an additional 1,116,800 shares during the period. American Century Companies Inc. boosted its holdings in shares of America Movil by 79.4% during the 3rd quarter. American Century Companies Inc. now owns 2,445,349 shares of the Wireless communications provider’s stock worth $51,352,000 after buying an additional 1,082,493 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of America Movil during the 2nd quarter worth approximately $11,252,000. 6.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AMX shares. Santander cut shares of America Movil from an “outperform” rating to a “neutral” rating in a research note on Friday, December 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of America Movil in a research report on Wednesday, January 21st. Scotiabank lifted their target price on America Movil from $19.50 to $21.80 and gave the stock a “sector perform” rating in a report on Monday. Zacks Research cut America Movil from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Finally, Wall Street Zen upgraded America Movil from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $23.73.

America Movil Trading Down 0.8%

NYSE:AMX opened at $24.62 on Tuesday. America Movil has a 52 week low of $13.10 and a 52 week high of $26.16. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.68 and a current ratio of 0.74. The firm’s fifty day moving average is $23.29 and its 200-day moving average is $22.19. The firm has a market cap of $74.23 billion, a P/E ratio of 17.22 and a beta of 0.72.

America Movil (NYSE:AMX) last announced its earnings results on Thursday, February 12th. The Wireless communications provider reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). The firm had revenue of $13.59 billion for the quarter, compared to the consensus estimate of $13.09 billion. America Movil had a return on equity of 18.92% and a net margin of 8.78%. Equities analysts expect that America Movil will post 1.51 earnings per share for the current year.

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.