The stock is trading at $17.12 which is slightly below the 50 day moving average of $18.03 and which is just a bit higher than the 200 day moving average of $17.05. The 50 day moving average was down $-0.91 whereas the 200 day moving average was up $0.07 or +0.44%. Trading volume for America Movil, S.A.B. de C.V. A was 2,392K by the end of trading on Tuesday. Shares saw a steep decrease in trading volume of 36.17% under the normal average daily volume.
Traders are a little more bullish of late if you evaluate the motion in short interest. The firm had a fall in short interest from September 29, 2017 to October 13, 2017 of -4.93%. Short shares decreased 635,924 over that period. With short interest at 12,260,658 and short average daily volume at 2,385,345, the short-interest ratio is 5.0 and the short interest percentage is 0.00% as of October 13.
A few notable investment firms have updated their holdings. Raymond James Financial Services Advisors, Inc. grew its ownership by buying 771 shares an increase of 2.7% in the quarter. Raymond James Financial Services Advisors, Inc. controls 29,614 shares worth $526,000. The value of the position overall is up by 14.6%. As of the end of the quarter Aperio Group, LLC had acquired 401 shares growing its stake by 0.2%. The value of the company’s investment in America Movil, S.A.B. de C.V. A increased from $3,863,000 to $4,314,000 increasing 11.7% quarter to quarter.
State Of New Jersey Common Pension Fund D cut its stake by selling 55,620 shares a decrease of 2.9% from 06/30/2017 to 09/30/2017. State Of New Jersey Common Pension Fund D owns 1,849,469 shares with a value of $32,828,000. The total value of its holdings increased 8.2%. As of quarter end Simplex Trading, LLC had bought a total of 616 shares growing its holdings by 13.8%. The value of the total investment in America Movil, S.A.B. de C.V. A went from $71,000 to $90,000 a change of 26.8% quarter over quarter.
On August 10 the company was rated “Overweight” in a report from Morgan Stanley which was a boost from the previous “Underweight” rating. August 18 investment analysts at Bank of America made no change to the stock rating of “Buy” but moved up the price target from $13.50 to $113.00.
On August 21 Barclays held the stock rating at “Overweight” but raised the price target to $20.00 from $13.00.
In the market the company is trading up by 0.82% percent from yesterday’s close. Additionally America Movil, S.A.B. de C.V. A announced a dividend to be paid on Monday November 20th, 2017. The dividend will be $0.083 per share for the quarter which comes to $0.33 on an annualized basis. This dividend represents a yield of $1.95. The ex-dividend date is Thursday the 26th of October 2017.
The most current P/E ratio is 23.14 and the market cap is 56.28B. As of the latest earnings report the EPS was $0.74 and is expected to be $1.25 for the current year with 3,287,669,000 shares outstanding. Next quarter’s EPS is forecasted at $0.30 and the next full year EPS is projected to be $0.96.
America Movil, S.A.B. de C.V. (America Movil), launched on October 13, 2000, is a holding company. The Company provides telecommunications services in approximately 30 countries. Its telecommunications 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. The Business’s segments include Mexico Wireless, Mexico Fixed, Brazil, Colombia, Southern Cone, Andean Region, Central America, the Caribbean, the United States and Europe. The Business’s Mexico Wireless segment includes the operations of its subsidiary, Radiomovil Dipsa, S.A. de C.V. (Telcel). The Mexico Fixed segment includes the operations of its subsidiary, Telefonos de Mexico, S.A.B. de C.V. (Telmex). The Brazil segment consist of operations of its subsidiaries, including Claro S.A. (Claro Brasil), Americel S.A. (Americel), Embratel Tvsat Telecomunicacoes S.A. (Claro TV) and Star One S.A. (Star One). The Colombia segment includes operations of the Business’s subsidiaries, Comunicacion Celular S.A. (Comcel) and Telmex Colombia S.A. (Telmex Colombia). The Southern Cone segment includes Argentina, Chile, Paraguay and Uruguay. The Southern Cone segment consists of operations of its subsidiaries, including AMX Argentina S.A. (AMX Argentina), Telmex Argentina S.A. (Telmex Argentina), Claro Chile S.A. (Claro Chile), Claro Comunicaciones S.A. (Claro Comunicaciones), Claro Servicios Empresariales S.A. (Claro Servicios Empresariales), AMX Paraguay S.A. AMX Paraguay), AM Wireless Uruguay S.A. (AM Wireless Uruguay), Telstar S.A. and Flimay (Flimay). The Andean Region segment includes Ecuador and Peru..