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

América Móvil, S.A.B. de C.V. (NYSE:AMX) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 4,870,000 shares, a growth of 6.3% from the September 30th total of 4,580,000 shares. Based on an average daily volume of 1,680,000 shares, the short-interest ratio is presently 2.9 days.

América Móvil Price Performance

Shares of AMX traded down $0.10 during mid-day trading on Friday, hitting $15.64. 791,802 shares of the company were exchanged, compared to its average volume of 1,547,727. The stock has a market cap of $48.25 billion, a price-to-earnings ratio of 23.51, a price-to-earnings-growth ratio of 0.97 and a beta of 0.95. América Móvil has a 1-year low of $15.55 and a 1-year high of $20.31. The company has a 50 day moving average of $16.45 and a 200-day moving average of $17.40. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.63 and a current ratio of 0.68.

América Móvil Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be given a dividend of $0.245 per share. This represents a dividend yield of 2%. This is a boost from América Móvil’s previous semi-annual dividend of $0.18. The ex-dividend date of this dividend is Friday, November 8th. América Móvil’s payout ratio is presently 40.30%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rothschild Investment LLC purchased a new position in shares of América Móvil in the second quarter worth about $59,000. Blue Trust Inc. grew its position in shares of América Móvil by 195.9% in the third quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock valued at $60,000 after purchasing an additional 2,322 shares in the last quarter. CENTRAL TRUST Co increased its holdings in shares of América Móvil by 3,500.0% in the third quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider’s stock valued at $59,000 after purchasing an additional 3,500 shares during the last quarter. Headlands Technologies LLC lifted its position in América Móvil by 448.5% during the first quarter. Headlands Technologies LLC now owns 4,328 shares of the Wireless communications provider’s stock worth $81,000 after buying an additional 3,539 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in América Móvil by 46.1% during the third quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock worth $81,000 after buying an additional 1,567 shares during the last quarter. Hedge funds and other institutional investors own 6.30% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on AMX shares. StockNews.com assumed coverage on América Móvil in a report on Tuesday. They issued a “buy” rating for the company. Scotiabank dropped their price target on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a research report on Wednesday, October 16th. The Goldman Sachs Group lowered their target price on shares of América Móvil from $21.00 to $20.80 and set a “buy” rating on the stock in a research note on Monday, October 14th. Finally, UBS Group reduced their price target on América Móvil from $23.30 to $22.60 and set a “buy” rating for the company in a report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. According to MarketBeat, América Móvil presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.08.

About América Móvil

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.