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 increase in short interest in the month of 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 daily trading volume, of 1,830,000 shares, the days-to-cover ratio is currently 3.0 days.

América Móvil Price Performance

América Móvil stock traded up $0.12 during trading on Friday, reaching $14.83. The company had a trading volume of 1,139,412 shares, compared to its average volume of 1,741,677. The firm has a market capitalization of $45.53 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 1.07 and a beta of 0.95. The firm’s 50-day simple moving average is $15.89 and its 200 day simple moving average is $16.84. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.67 and a current ratio of 0.72. América Móvil has a 1-year low of $14.59 and a 1-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 the consensus estimate 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 for the quarter, compared to analyst estimates of $11.97 billion. As a group, equities research analysts anticipate that América Móvil will post 1.17 earnings per share for the current fiscal year.

América Móvil Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid 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 payout ratio is currently 35.82%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Discovery Capital Management LLC CT raised its position in shares of 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 valued at $30,532,000 after buying an additional 1,310,688 shares during the last quarter. Brandes Investment Partners LP lifted its stake in América Móvil by 2.8% in the 2nd quarter. Brandes Investment Partners LP now owns 1,213,424 shares of the Wireless communications provider’s stock worth $20,479,000 after purchasing an additional 33,006 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake 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 in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of 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 valued at $14,904,000 after purchasing an additional 151,114 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of América Móvil by 5.7% during the 2nd quarter. American Century Companies Inc. now owns 886,985 shares of the Wireless communications provider’s stock worth $15,079,000 after acquiring an additional 47,941 shares during the period. 6.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on AMX. StockNews.com began coverage on América Móvil in a report on Friday, November 22nd. They set a “buy” rating on the stock. 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 note on Wednesday, October 16th. Finally, The Goldman Sachs Group dropped their price target on shares of América Móvil from $20.80 to $17.80 and set a “buy” rating on the stock in a research 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 given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $19.48.

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.