Short Interest in América Móvil, S.A.B. de C.V. (NYSE:AMX) Rises By 6.3%

América Móvil, S.A.B. de C.V. (NYSE:AMX) saw a significant 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.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AMX. Capital International Investors raised its position in América Móvil by 4.4% in the 1st quarter. Capital International Investors now owns 65,339,145 shares of the Wireless communications provider’s stock valued at $1,219,228,000 after purchasing an additional 2,741,127 shares in the last quarter. Lazard Asset Management LLC raised its holdings in América Móvil by 9.9% in the first quarter. Lazard Asset Management LLC now owns 12,528,301 shares of the Wireless communications provider’s stock valued at $233,777,000 after acquiring an additional 1,128,671 shares in the last quarter. Capital International Inc. CA lifted its stake in América Móvil by 9.5% in the first quarter. Capital International Inc. CA now owns 2,986,890 shares of the Wireless communications provider’s stock worth $55,735,000 after acquiring an additional 258,203 shares during the last quarter. Capital Group Private Client Services Inc. increased its position in shares of América Móvil by 3.1% in the 1st quarter. Capital Group Private Client Services Inc. now owns 2,606,773 shares of the Wireless communications provider’s stock valued at $48,642,000 after purchasing an additional 79,550 shares during the last quarter. Finally, Discovery Capital Management LLC CT raised its holdings in shares of América Móvil by 270.1% in the 2nd quarter. Discovery Capital Management LLC CT now owns 1,795,988 shares of the Wireless communications provider’s stock valued at $30,532,000 after purchasing an additional 1,310,688 shares in the last quarter. Institutional investors and hedge funds own 6.30% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. UBS Group dropped their price target on shares of América Móvil from $23.30 to $22.60 and set a “buy” rating for the company in a research note on Thursday, July 18th. StockNews.com started coverage on América Móvil in a research note on Tuesday. They set a “buy” rating for the company. Scotiabank decreased their price target on América Móvil from $17.80 to $17.30 and set a “sector perform” rating on the stock in a research note on Wednesday, October 16th. Finally, The Goldman Sachs Group cut their price objective on América Móvil from $21.00 to $20.80 and set a “buy” rating for the company in a research report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $20.08.

América Móvil Trading Down 0.6 %

NYSE:AMX traded down $0.10 during trading hours on Friday, reaching $15.64. 791,802 shares of the stock were exchanged, compared to its average volume of 1,547,727. The business has a 50-day moving average of $16.45 and a two-hundred day moving average of $17.40. América Móvil has a twelve month low of $15.55 and a twelve month high of $20.31. The company has a market capitalization of $48.25 billion, a price-to-earnings ratio of 23.51, a PEG ratio of 0.97 and a beta of 0.95. The company has a quick ratio of 0.63, a current ratio of 0.68 and a debt-to-equity ratio of 0.98.

América Móvil Increases Dividend

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

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.