América Móvil, S.A.B. de C.V. (NYSE:AMX) Sees Large Growth in Short Interest

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 volume of 1,830,000 shares, the short-interest ratio is currently 3.0 days.

América Móvil Price Performance

Shares of AMX stock opened at $14.87 on Tuesday. 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 twelve month low of $14.59 and a twelve month high of $20.31. The company has a market cap of $45.65 billion, a P/E ratio of 22.12, a P/E/G ratio of 1.07 and a beta of 0.94. The business has a fifty day simple moving average of $15.89 and a 200 day simple moving average of $16.82.

América Móvil (NYSE:AMX) last posted its earnings results on Tuesday, October 15th. The Wireless communications provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.30). The firm had revenue of $11.82 billion during the quarter, compared to the consensus estimate of $11.97 billion. América Móvil had a net margin of 4.45% and a return on equity of 8.61%. On average, sell-side analysts forecast that América Móvil will post 1.17 EPS for the current fiscal year.

América Móvil Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a dividend of $0.245 per share. This represents a dividend yield of 2%. This is an increase from América Móvil’s previous semi-annual dividend of $0.18. The ex-dividend date was Friday, November 8th. América Móvil’s dividend payout ratio (DPR) is 35.82%.

Analyst Ratings Changes

Several equities research analysts have commented on AMX shares. The Goldman Sachs Group cut their target price on América Móvil from $20.80 to $17.80 and set a “buy” rating on the stock in a research note on Friday, November 15th. Scotiabank lowered their price target on 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. Finally, StockNews.com began coverage on América Móvil in a report on Friday, November 22nd. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, América Móvil has an average rating of “Moderate Buy” and a consensus target price of $19.48.

Hedge Funds Weigh In On América Móvil

A number of hedge funds have recently made changes to their positions in AMX. Mirae Asset Global Investments Co. Ltd. increased its holdings in América Móvil by 5.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,839 shares of the Wireless communications provider’s stock worth $178,000 after purchasing an additional 608 shares in the last quarter. Profund Advisors LLC grew its stake in América Móvil by 1.7% in the second quarter. Profund Advisors LLC now owns 37,515 shares of the Wireless communications provider’s stock valued at $638,000 after acquiring an additional 630 shares during the period. Oppenheimer Asset Management Inc. grew its stake in América Móvil by 6.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 16,707 shares of the Wireless communications provider’s stock valued at $284,000 after acquiring an additional 1,025 shares during the period. Allworth Financial LP grew its stake in América Móvil by 46.1% in the third quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock valued at $81,000 after acquiring an additional 1,567 shares during the period. Finally, Wealthspire Advisors LLC grew its stake in América Móvil by 16.0% in the second quarter. Wealthspire Advisors LLC now owns 13,656 shares of the Wireless communications provider’s stock valued at $232,000 after acquiring an additional 1,880 shares during the period. 6.30% of the stock is currently owned by institutional investors.

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.