Research
JPMorgan Upgrades America Movil to Overweight From Neutral, Adjusts PT to $32 From $24.50
America Movil SAB de CV (AMX) has an average rating of overweight and mean price target of $29.20, according to analysts polled by FactSet.
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Research
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
Research Alert: America Movil Reports 25% Jump In Profit, Supported By Strong Wireless Adds
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:America Movil delivered strong Q1 results with net income rising 25.1% to MXP23.4B and earnings of MXP0.39 per share, while revenue increased 2.1% in peso terms but 6.1% at constant currency despite peso strength. Service revenue grew 4.6% at constant rates, led by mobile platform expansion of 6.4% with robust postpaid (+7.3%) and accelerating prepaid (+5.0%) growth across Mexico, Colombia, and Brazil. The company added 3.0M wireless subscribers, all postpaid, while EBITDA climbed 8.0% at constant currency with margin expanding to 39.9%, reflecting disciplined cost management and improving operating leverage. Management noted improving economic conditions in Mexico with rising wages positively affecting prepaid revenues. We believe the company's continued network investments in 5G and fiber expansion, combined with strong balance sheet metrics including conservative 1.41x net debt-to-EBITDA and proposed MXP10B buyback, position AMX well for sustained growth.
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Wire
UBS Adjusts Price Target on America Movil SAB de CV to $31.50 From $31, Maintains Buy Rating
America Movil SAB de CV (AMX) has an average rating of overweight and mean price target of $27.10, according to analysts polled by FactSet.Price: $25.99, Change: $+0.24, Percent Change: +0.93%
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