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Research Alert: CFRA Lifts Opinion On Adss Of America Movil S.a.b. De C.v. To Buy From Hold

-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target price by USD4 to USD30, 14.4x our 2026 earnings per ADS estimate, a premium to its five-year forward average P/E at 12.2x. We trim our 2026 earnings per ADS estimate by MXN0.80 to MXN36.20 and raise 2027's by MXN1.20 to MXN39.40. AMX reported strong performance in Colombia, Peru, and Central America, emphasizing improvements in broadband, postpaid growth, cost control, and digitalization across the region. There was an acceleration in both postpaid subscriber growth and broadband accesses, with the base increasing 8.8% and 6%, respectively, compared to the prior-year quarter. Service revenue growth in the fixed line platform was supported by rapid residential demand in specific regions, including Eastern Europe, Central America, Peru, and Ecuador. Cash flow was robust, allowing coverage of capital expenditure, share buybacks, labor obligations, and a reduction in net debt.

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Research Alert: CFRA Lifts Opinion On Adss Of America Movil S.a.b. De C.v. To Buy From Hold | FINWIRES