América Móvil, S.A.B. de C.V. (NYSE:AMX - Get Rating) saw a large decline in short interest in December. As of December 15th, there was short interest totalling 6,930,000 shares, a decline of 15.2% from the November 30th total of 8,170,000 shares. Based on an average daily trading volume, of 2,100,000 shares, the short-interest ratio is currently 3.3 days. Currently, 0.3% of the shares of the stock are sold short.
América Móvil Stock Down 1.2 %
NYSE:AMX traded down $0.23 during trading hours on Monday, hitting $18.20. The company's stock had a trading volume of 160,488 shares, compared to its average volume of 2,395,122. The stock has a market capitalization of $57.88 billion, a P/E ratio of 6.13, a price-to-earnings-growth ratio of 1.70 and a beta of 0.86. The stock has a fifty day moving average of $19.08 and a 200-day moving average of $18.53. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 0.88. América Móvil has a 52-week low of $16.13 and a 52-week high of $22.65.
América Móvil (NYSE:AMX - Get Rating) last issued its quarterly earnings data on Tuesday, October 18th. The Wireless communications provider reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.03. The company had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.71 billion. América Móvil had a return on equity of 18.15% and a net margin of 22.50%. On average, equities analysts forecast that América Móvil will post 1.27 earnings per share for the current year.
Analysts Set New Price Targets
A number of research firms have recently issued reports on AMX. StockNews.com upgraded América Móvil from a "buy" rating to a "strong-buy" rating in a research report on Friday, December 23rd. Piper Sandler upgraded América Móvil from a "neutral" rating to a "buy" rating in a research report on Tuesday, September 20th. The Goldman Sachs Group dropped their price target on América Móvil from $28.00 to $24.00 and set a "buy" rating for the company in a research report on Wednesday, October 26th. Barclays lowered their price objective on América Móvil from $22.00 to $20.00 and set an "overweight" rating for the company in a research report on Monday, October 17th. Finally, UBS Group lowered América Móvil from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $20.40 to $22.50 in a research report on Monday, November 28th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $22.10.
Hedge Funds Weigh In On América Móvil
Hedge funds have recently made changes to their positions in the company. Bank of America Corp DE grew its holdings in shares of América Móvil by 89.2% during the first quarter. Bank of America Corp DE now owns 6,658,966 shares of the Wireless communications provider's stock worth $140,838,000 after purchasing an additional 3,139,187 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of América Móvil by 25.3% during the second quarter. Janney Montgomery Scott LLC now owns 35,989 shares of the Wireless communications provider's stock worth $735,000 after buying an additional 7,269 shares during the last quarter. Chiron Investment Management LLC purchased a new position in shares of América Móvil during the first quarter worth about $414,000. Renaissance Technologies LLC grew its holdings in shares of América Móvil by 19.3% during the second quarter. Renaissance Technologies LLC now owns 3,268,975 shares of the Wireless communications provider's stock worth $66,785,000 after buying an additional 529,500 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of América Móvil by 0.5% during the second quarter. JPMorgan Chase & Co. now owns 2,835,997 shares of the Wireless communications provider's stock worth $57,940,000 after buying an additional 15,300 shares during the last quarter. Hedge funds and other institutional investors own 5.55% of the company's stock.
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 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.
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