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

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AMX. Rothschild Investment LLC purchased a new position in América Móvil in the second quarter valued at approximately $59,000. Blue Trust Inc. lifted its position in shares of América Móvil by 195.9% during the 3rd quarter. Blue Trust Inc. now owns 3,507 shares of the Wireless communications provider’s stock valued at $60,000 after buying an additional 2,322 shares during the last quarter. CENTRAL TRUST Co lifted its position in shares of América Móvil by 3,500.0% during the 3rd quarter. CENTRAL TRUST Co now owns 3,600 shares of the Wireless communications provider’s stock valued at $59,000 after buying an additional 3,500 shares during the last quarter. Allworth Financial LP increased its holdings in América Móvil by 46.1% in the 3rd quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider’s stock worth $81,000 after acquiring an additional 1,567 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new stake in América Móvil in the 3rd quarter valued at about $177,000. Hedge funds and other institutional investors own 6.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. The Goldman Sachs Group decreased their price objective on América Móvil from $20.80 to $17.80 and set a “buy” rating for the company in a report on Friday, November 15th. StockNews.com assumed coverage on shares of América Móvil in a research note on Friday, November 22nd. They issued a “buy” rating on the stock. Finally, Scotiabank decreased their target price on shares of América Móvil from $17.80 to $17.30 and set a “sector perform” rating for the company in a research report on Wednesday, October 16th. 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $19.48.

América Móvil Stock Up 0.7 %

NYSE:AMX traded up $0.11 during trading hours on Tuesday, hitting $14.93. 246,180 shares of the company traded hands, compared to its average volume of 1,570,417. The company has a quick ratio of 0.67, a current ratio of 0.72 and a debt-to-equity ratio of 0.90. The company has a market cap of $45.84 billion, a PE ratio of 22.12, a PEG ratio of 1.07 and a beta of 0.94. The firm’s 50-day simple moving average is $15.89 and its 200-day simple moving average is $16.82. América Móvil has a one year low of $14.59 and a one year high of $20.31.

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

América Móvil Increases Dividend

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