Amer Movil (AMX) Sees Large Increase in Short Interest
Amer Movil (NYSE:AMX) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 30,342,339 shares, a growth of 22.0% from the October 31st total of 24,864,689 shares. Based on an average daily trading volume, of 8,747,161 shares, the days-to-cover ratio is currently 3.5 days.
Amer Movil (NYSE:AMX) opened at 12.11 on Thursday. The company has a market cap of $39.67 billion, a P/E ratio of 27.52 and a beta of 0.76. Amer Movil has a 52 week low of $11.02 and a 52 week high of $16.58. The stock has a 50 day moving average of $12.02 and a 200 day moving average of $12.01.
A number of institutional investors have recently bought and sold shares of AMX. TSP Capital Management Group LLC boosted its position in Amer Movil 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 in the last quarter. Brandes Investment Partners LP boosted its position in Amer Movil 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 in the last quarter. Genesis Asset Managers LLP boosted its position in Amer Movil 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 in the last quarter. Fox Run Management L.L.C. bought a new position in Amer Movil during the second quarter worth $185,000. Finally, BNP Paribas Arbitrage SA boosted its position in Amer Movil by 3.4% in the third quarter. BNP Paribas Arbitrage SA now owns 302,970 shares of the company’s stock worth $3,466,000 after buying an additional 9,916 shares in the last quarter. Institutional investors own 7.53% of the company’s stock.
AMX has been the topic of several research analyst reports. Credit Suisse Group AG restated a “hold” rating and issued a $12.00 price objective on shares of Amer Movil in a report on Wednesday, September 21st. Zacks Investment Research upgraded shares of Amer Movil from a “sell” rating to a “hold” rating in a report on Tuesday, November 1st. Citigroup Inc. upgraded shares of Amer Movil from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $10.50 to $12.00 in a report on Friday, October 28th. Finally, Bank of America Corp. upgraded shares of Amer Movil from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $13.00 to $13.50 in a report on Tuesday, November 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Amer Movil currently has a consensus rating of “Hold” and a consensus target price of $13.08.
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About Amer Movil
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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