America Movil SAB de CV ADR Series L (NYSE:AMX) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 7,055,500 shares, an increase of 30.4% from the July 31st total of 5,409,000 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,360,000 shares, the short-interest ratio is currently 3.0 days.

Institutional investors have recently bought and sold shares of the company. Private Capital Group LLC grew its holdings in America Movil SAB de CV ADR Series L by 417.6% during the 2nd quarter. Private Capital Group LLC now owns 1,501 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 1,211 shares during the last quarter. Quantamental Technologies LLC grew its holdings in America Movil SAB de CV ADR Series L by 177,800.0% during the 2nd quarter. Quantamental Technologies LLC now owns 1,779 shares of the Wireless communications provider’s stock valued at $26,000 after purchasing an additional 1,778 shares during the last quarter. Valeo Financial Advisors LLC grew its holdings in America Movil SAB de CV ADR Series L by 110.4% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,948 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 1,022 shares during the last quarter. Parallel Advisors LLC grew its holdings in America Movil SAB de CV ADR Series L by 66.8% during the 1st quarter. Parallel Advisors LLC now owns 2,001 shares of the Wireless communications provider’s stock valued at $29,000 after purchasing an additional 801 shares during the last quarter. Finally, HM Payson & Co. bought a new position in America Movil SAB de CV ADR Series L during the 2nd quarter valued at about $36,000. Hedge funds and other institutional investors own 6.94% of the company’s stock.

Separately, ValuEngine downgraded shares of America Movil SAB de CV ADR Series L from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. America Movil SAB de CV ADR Series L has a consensus rating of “Hold” and a consensus price target of $17.67.

Shares of America Movil SAB de CV ADR Series L stock traded up $0.21 during trading hours on Friday, reaching $14.70. The company’s stock had a trading volume of 78,170 shares, compared to its average volume of 1,982,366. The firm has a 50 day moving average price of $13.95 and a 200-day moving average price of $14.54. America Movil SAB de CV ADR Series L has a one year low of $12.00 and a one year high of $17.08. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.66 and a quick ratio of 0.59. The stock has a market cap of $47.60 billion, a P/E ratio of 18.35, a P/E/G ratio of 0.95 and a beta of 0.46.

America Movil SAB de CV ADR Series L (NYSE:AMX) last posted its earnings results on Tuesday, July 16th. The Wireless communications provider reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.09). America Movil SAB de CV ADR Series L had a return on equity of 26.07% and a net margin of 6.15%. The business had revenue of $13.08 billion during the quarter, compared to the consensus estimate of $13.04 billion. As a group, sell-side analysts forecast that America Movil SAB de CV ADR Series L will post 0.88 EPS for the current fiscal year.

America Movil SAB de CV ADR Series L Company Profile

América Móvil, SAB. de C.V. provides telecommunications services in Latin America, the United States, the Caribbean, and Europe. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It also provides data services, such as 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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