Stock Traders Buy Large Volume of América Móvil Call Options (AMX)

América Móvil (NYSE:AMX) was the target of some unusual options trading on Thursday. Stock traders acquired 550 call options on the company. This represents an increase of approximately 865% compared to the average daily volume of 57 call options.

NYSE:AMX opened at $17.38 on Friday. América Móvil has a 52 week low of $17.23 and a 52 week high of $17.48. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.72 and a current ratio of 0.80. The stock has a market cap of $56.79 billion, a PE ratio of 25.41, a price-to-earnings-growth ratio of 1.19 and a beta of 0.49.

América Móvil (NYSE:AMX) last posted its earnings results on Tuesday, February 13th. The Wireless communications provider reported ($0.16) EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.30). América Móvil had a net margin of 1.09% and a return on equity of 10.38%. The business had revenue of $13.92 billion for the quarter, compared to analyst estimates of $14.28 billion. analysts expect that América Móvil will post 0.92 EPS for the current fiscal year.

A number of equities analysts have weighed in on the company. ValuEngine lowered América Móvil from a “buy” rating to a “hold” rating in a research note on Wednesday. Goldman Sachs assumed coverage on América Móvil in a research note on Tuesday, April 3rd. They set a “buy” rating and a $25.00 price objective for the company. Zacks Investment Research lowered América Móvil from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 3rd. Scotiabank set a $20.00 price objective on América Móvil and gave the company a “buy” rating in a research note on Wednesday, February 14th. Finally, Credit Suisse Group set a $21.00 price objective on América Móvil and gave the company a “buy” rating in a research note on Tuesday, March 6th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. América Móvil currently has an average rating of “Hold” and an average price target of $19.67.

Several large investors have recently bought and sold shares of AMX. BlackRock Inc. grew its position in shares of América Móvil by 29.0% during the 1st quarter. BlackRock Inc. now owns 16,864,666 shares of the Wireless communications provider’s stock valued at $321,947,000 after acquiring an additional 3,786,269 shares during the period. American Century Companies Inc. acquired a new stake in América Móvil in the 1st quarter worth about $37,166,000. USS Investment Management Ltd boosted its holdings in América Móvil by 64.6% in the 4th quarter. USS Investment Management Ltd now owns 2,688,185 shares of the Wireless communications provider’s stock worth $46,116,000 after buying an additional 1,055,000 shares during the last quarter. Driehaus Capital Management LLC acquired a new stake in América Móvil in the 4th quarter worth about $16,064,000. Finally, Jane Street Group LLC boosted its holdings in América Móvil by 2,093.0% in the 4th quarter. Jane Street Group LLC now owns 565,110 shares of the Wireless communications provider’s stock worth $9,746,000 after buying an additional 539,341 shares during the last quarter. Hedge funds and other institutional investors own 7.73% of the company’s stock.

About América Móvil

América Móvil, SAB. de C.V. provides telecommunications services in Mexico and internationally. 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 data center, data administration, and hosting services to residential and corporate clients, as well as residential broadband services.

Receive News & Ratings for América Móvil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for América Móvil and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit