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

América Móvil, S.A.B. de C.V. (NYSE:AMX - Get Free Report) was the recipient of a significant growth in short interest during 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 trading volume of 1,680,000 shares, the short-interest ratio is currently 2.9 days.

América Móvil Trading Down 0.8 %

Shares of América Móvil stock traded down $0.13 during trading on Friday, hitting $15.61. 1,405,958 shares of the company were exchanged, compared to its average volume of 1,550,624. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.68 and a quick ratio of 0.63. América Móvil has a 1-year low of $15.55 and a 1-year high of $20.31. The firm's fifty day moving average price is $16.45 and its 200 day moving average price is $17.40. The firm has a market capitalization of $48.16 billion, a P/E ratio of 23.51, a price-to-earnings-growth ratio of 0.97 and a beta of 0.95.

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. The ex-dividend date of this dividend is Friday, November 8th. This represents a dividend yield of 2%. This is a positive change from América Móvil's previous semi-annual dividend of $0.18. América Móvil's dividend payout ratio (DPR) is currently 40.30%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On América Móvil

Several institutional investors have recently modified their holdings of AMX. Robeco Institutional Asset Management B.V. increased its position 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 acquiring an additional 151,114 shares during the last quarter. Valmark Advisers Inc. acquired a new stake in América Móvil during the 3rd quarter worth approximately $210,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of 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 valued at $178,000 after acquiring an additional 608 shares during the period. Allworth Financial LP grew its position in shares of América Móvil by 46.1% during the 3rd quarter. Allworth Financial LP now owns 4,964 shares of the Wireless communications provider's stock worth $81,000 after purchasing an additional 1,567 shares in the last quarter. Finally, CENTRAL TRUST Co increased its stake in 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 worth $59,000 after acquiring an additional 3,500 shares during the period. Institutional investors own 6.30% of the company's stock.

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.