Amer Movil (AMX) Sees Large Increase in Short Interest

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Amer Movil (NYSE:AMX) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 20,538,738 shares, an increase of 15.2% from the August 15th total of 17,821,472 shares. Based on an average daily volume of 4,703,108 shares, the short-interest ratio is presently 4.4 days.
Several hedge funds and other institutional investors have recently modified their holdings of the company. UBS Group AG increased its stake in Amer Movil by 48.9% in the first quarter. UBS Group AG now owns 218,920 shares of the company’s stock valued at $3,399,000 after buying an additional 71,929 shares in the last quarter. Lazard Asset Management LLC increased its stake in Amer Movil by 9.7% in the first quarter. Lazard Asset Management LLC now owns 14,132,996 shares of the company’s stock valued at $219,484,000 after buying an additional 1,249,699 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Amer Movil by 14.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 55,350 shares of the company’s stock valued at $859,000 after buying an additional 7,052 shares in the last quarter. ING Groep NV increased its stake in Amer Movil by 167.0% in the first quarter. ING Groep NV now owns 287,800 shares of the company’s stock valued at $4,472,000 after buying an additional 180,000 shares in the last quarter. Finally, M&T Bank Corp increased its stake in Amer Movil by 1.4% in the first quarter. M&T Bank Corp now owns 171,657 shares of the company’s stock valued at $2,666,000 after buying an additional 2,291 shares in the last quarter. 7.00% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on the stock. Barclays PLC lowered their price objective on shares of Amer Movil from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Monday, July 18th. BTIG Research assumed coverage on shares of Amer Movil in a research report on Wednesday, June 22nd. They issued a “neutral” rating on the stock. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. Amer Movil has an average rating of “Hold” and a consensus price target of $16.01.

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Shares of Amer Movil (NYSE:AMX) opened at 11.20 on Friday. The stock has a market capitalization of $36.79 billion, a PE ratio of 28.00 and a beta of 1.04. The stock has a 50 day moving average of $11.88 and a 200-day moving average of $13.15. Amer Movil has a 52 week low of $11.02 and a 52 week high of $18.51.
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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