America Movil, S.A.B. de C.V. (NYSE:AMX) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 17,474,575 shares, a growth of 42.5% from the October 13th total of 12,260,658 shares. Based on an average trading volume of 4,559,589 shares, the days-to-cover ratio is currently 3.8 days.

Hedge funds have recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in shares of America Movil, S.A.B. de C.V. during the 3rd quarter worth $120,000. Well Done LLC acquired a new stake in shares of America Movil, S.A.B. de C.V. during the 3rd quarter worth $181,000. Blair William & Co. IL acquired a new stake in shares of America Movil, S.A.B. de C.V. during the 2nd quarter worth $167,000. Girard Partners LTD. acquired a new stake in shares of America Movil, S.A.B. de C.V. during the 2nd quarter worth $185,000. Finally, Candriam Luxembourg S.C.A. acquired a new stake in shares of America Movil, S.A.B. de C.V. during the 3rd quarter worth $216,000. Institutional investors and hedge funds own 7.58% of the company’s stock.

America Movil, S.A.B. de C.V. (AMX) opened at $17.20 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.75 and a debt-to-equity ratio of 2.39. The firm has a market capitalization of $57,046.94, a price-to-earnings ratio of 24.67, a price-to-earnings-growth ratio of 0.22 and a beta of 0.53. America Movil, S.A.B. de C.V. has a twelve month low of $11.18 and a twelve month high of $19.50.

The company also recently disclosed a semiannual dividend, which will be paid on Monday, November 20th. Stockholders of record on Friday, October 27th will be issued a dividend of $0.1599 per share. The ex-dividend date of this dividend is Thursday, October 26th. This represents a dividend yield of 1.75%. America Movil, S.A.B. de C.V.’s payout ratio is 24.29%.

A number of research firms recently issued reports on AMX. Zacks Investment Research lowered America Movil, S.A.B. de C.V. from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 16th. Credit Suisse Group raised America Movil, S.A.B. de C.V. from a “neutral” rating to an “outperform” rating in a research note on Friday, October 20th. ValuEngine raised America Movil, S.A.B. de C.V. from a “hold” rating to a “buy” rating in a research note on Monday, September 18th. Barclays PLC reaffirmed a “buy” rating and issued a $18.00 target price (up previously from $17.00) on shares of America Movil, S.A.B. de C.V. in a research note on Friday, July 21st. Finally, Royal Bank Of Canada set a $14.00 target price on America Movil, S.A.B. de C.V. and gave the company a “sell” rating in a research note on Friday, July 21st. Four research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $16.78.

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America Movil, S.A.B. de C.V. Company Profile

America Movil, SAB. de C.V. is a holding company. The Company provides telecommunications services. Its services include mobile and fixed-line voice services, wireless and fixed data services, Internet access and pay television, sales of equipment, accessories and computers, as well as other related services.

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