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) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 4,167,151 shares, a decrease of 43.9% from the December 31st total of 7,431,214 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 2,033,833 shares, the short-interest ratio is currently 2.0 days. Based on an average daily volume of 2,033,833 shares, the short-interest ratio is currently 2.0 days. Approximately 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On America Movil

Several hedge funds have recently made changes to their positions in the company. Brighton Jones LLC purchased a new position in shares of America Movil during the fourth quarter worth $154,000. Royal Bank of Canada grew its stake in America Movil by 16.9% during the 1st quarter. Royal Bank of Canada now owns 375,504 shares of the Wireless communications provider’s stock valued at $5,339,000 after acquiring an additional 54,152 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in America Movil by 2,189.8% in the 1st 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. grew its holdings in shares of America Movil by 15.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 778,584 shares of the Wireless communications provider’s stock worth $11,071,000 after purchasing an additional 102,545 shares during the period. Finally, Jane Street Group LLC lifted its holdings in America Movil by 9.5% during the 1st 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 in the last quarter. 6.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on AMX. Santander cut America Movil from an “outperform” rating to a “neutral” rating in a research note on Friday, December 12th. Bank of America assumed coverage on America Movil in a report on Thursday, December 11th. They issued a “neutral” rating and a $26.00 target price on the stock. The Goldman Sachs Group set a $24.30 price objective on America Movil and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Weiss Ratings restated a “hold (c)” rating on shares of America Movil in a research note on Wednesday, January 21st. Finally, JPMorgan Chase & Co. upped their price objective on America Movil from $21.00 to $23.50 and gave the stock a “neutral” rating in a report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $22.34.

America Movil Stock Down 3.7%

Shares of NYSE AMX traded down $0.81 during midday trading on Friday, reaching $20.70. 2,570,566 shares of the company’s stock traded hands, compared to its average volume of 2,439,488. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 1.02. The company has a market cap of $62.40 billion, a price-to-earnings ratio of 16.83 and a beta of 0.76. America Movil has a one year low of $13.10 and a one year high of $23.68. The stock’s 50 day simple moving average is $21.12 and its 200-day simple moving average is $20.78.

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.