América Móvil, S.A.B. de C.V. (NYSE:AMX) Short Interest Update

América Móvil, S.A.B. de C.V. (NYSE:AMX) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 5,560,000 shares, a growth of 18.0% from the October 31st total of 4,710,000 shares. Based on an average daily trading volume, of 1,830,000 shares, the short-interest ratio is presently 3.0 days.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Scotiabank dropped their price objective on América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a report on Wednesday, October 16th. StockNews.com began coverage on shares of América Móvil in a research report on Friday, November 22nd. They issued a “buy” rating for the company. Finally, The Goldman Sachs Group decreased their target price on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating on the stock in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, América Móvil currently has an average rating of “Moderate Buy” and a consensus price target of $19.48.

Hedge Funds Weigh In On América Móvil

Institutional investors have recently modified their holdings of the company. Discovery Capital Management LLC CT boosted its stake in América Móvil by 270.1% in the second quarter. Discovery Capital Management LLC CT now owns 1,795,988 shares of the Wireless communications provider’s stock worth $30,532,000 after buying an additional 1,310,688 shares in the last quarter. Brandes Investment Partners LP grew its holdings in shares of América Móvil by 2.8% during the 2nd quarter. Brandes Investment Partners LP now owns 1,213,424 shares of the Wireless communications provider’s stock valued at $20,479,000 after purchasing an additional 33,006 shares during the last quarter. Envestnet Asset Management Inc. raised its position in América Móvil by 30.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 972,542 shares of the Wireless communications provider’s stock worth $16,533,000 after purchasing an additional 228,856 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in América Móvil by 19.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 910,988 shares of the Wireless communications provider’s stock worth $14,904,000 after purchasing an additional 151,114 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in América Móvil by 5.7% during the second quarter. American Century Companies Inc. now owns 886,985 shares of the Wireless communications provider’s stock valued at $15,079,000 after buying an additional 47,941 shares during the period. 6.30% of the stock is currently owned by institutional investors.

América Móvil Price Performance

Shares of AMX stock traded up $0.11 during trading on Tuesday, hitting $14.93. The company had a trading volume of 246,180 shares, compared to its average volume of 1,570,417. The stock’s 50-day moving average is $15.89 and its two-hundred day moving average is $16.82. The stock has a market capitalization of $45.84 billion, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of 1.07 and a beta of 0.94. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. América Móvil has a 52 week low of $14.59 and a 52 week high of $20.31.

América Móvil (NYSE:AMX) last issued its quarterly earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.30). América Móvil had a return on equity of 8.61% and a net margin of 4.45%. The company had revenue of $11.82 billion during the quarter, compared to the consensus estimate of $11.97 billion. As a group, analysts predict that América Móvil will post 1.17 EPS for the current fiscal year.

América Móvil Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were issued a $0.245 dividend. This is a boost from América Móvil’s previous semi-annual dividend of $0.18. This represents a dividend yield of 2%. The ex-dividend date of this dividend was Friday, November 8th. América Móvil’s dividend payout ratio is presently 35.82%.

América Móvil Company Profile

América Móvil, SAB. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. It provides data services, such as data centers, data administration, and hosting services to residential and corporate clients; value-added services, including 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.