America Movil, S.A.B. de C.V. (AMX) Short Interest Update

America Movil, S.A.B. de C.V. (AMX) Short Interest Update

America Movil, S.A.B. de C.V. (NYSE:AMX) was the recipient of a large growth in short interest in the month of January. As of January 13th, there was short interest totalling 27,779,078 shares, a growth of 18.7% from the December 30th total of 23,400,775 shares. Based on an average daily volume of 4,886,572 shares, the short-interest ratio is currently 5.7 days.

Several brokerages have recently commented on AMX. Credit Suisse Group restated a “neutral” rating and set a $12.00 price objective (up from $10.50) on shares of America Movil, S.A.B. de C.V. in a research report on Friday, October 28th. Zacks Investment Research upgraded shares of America Movil, S.A.B. de C.V. from a “sell” rating to a “hold” rating in a research report on Tuesday, November 22nd. Deutsche Bank AG began coverage on shares of America Movil, S.A.B. de C.V. in a report on Thursday, January 12th. They issued a “sell” rating and a $10.00 price target on the stock. Vetr downgraded shares of America Movil, S.A.B. de C.V. from a “hold” rating to a “strong sell” rating and set a $11.56 price target on the stock. in a report on Monday, January 23rd. Finally, Citigroup Inc. upgraded shares of America Movil, S.A.B. de C.V. from a “sell” rating to a “neutral” rating and lifted their price target for the company from $10.50 to $12.00 in a report on Friday, October 28th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $12.63.

A number of hedge funds have recently made changes to their positions in AMX. Sei Investments Co. increased its stake in shares of America Movil, S.A.B. de C.V. by 6.5% in the third quarter. Sei Investments Co. now owns 257,002 shares of the company’s stock worth $2,940,000 after buying an additional 15,600 shares during the period. TSP Capital Management Group LLC increased its stake in shares of America Movil, S.A.B. de C.V. by 11.6% in the second quarter. TSP Capital Management Group LLC now owns 363,520 shares of the company’s stock worth $4,457,000 after buying an additional 37,681 shares during the period. Brandes Investment Partners LP increased its stake in shares of America Movil, S.A.B. de C.V. by 2.5% in the second quarter. Brandes Investment Partners LP now owns 6,372,735 shares of the company’s stock worth $81,793,000 after buying an additional 154,368 shares during the period. Genesis Asset Managers LLP increased its stake in shares of America Movil, S.A.B. de C.V. by 6.3% in the third quarter. Genesis Asset Managers LLP now owns 11,077,527 shares of the company’s stock worth $127,059,000 after buying an additional 656,241 shares during the period. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of America Movil, S.A.B. de C.V. during the third quarter worth about $114,000. 7.56% of the stock is currently owned by hedge funds and other institutional investors.

America Movil, S.A.B. de C.V. (NYSE:AMX) opened at 12.80 on Monday. The stock has a market capitalization of $41.91 billion, a PE ratio of 30.48 and a beta of 0.71. America Movil, S.A.B. de C.V. has a 52 week low of $11.02 and a 52 week high of $15.95. The firm has a 50 day moving average of $12.59 and a 200-day moving average of $12.10.

About America Movil, S.A.B. de C.V.

America Movil, SAB. de C.V. is a holding company. The Company provides telecommunications services. Its services include mobile and fixed-line voice services, wireless and fixed data services, Internet access and pay television, sales of equipment, accessories and computers, as well as other related services.

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