AMX Stock Recent News

Amer Movil (AMX) possesses solid growth attributes, which could help it handily outperform the market.

Amer Movil (AMX) reported earnings 30 days ago. What's next for the stock?

A report issued last quarter by investment bank Lazard portends well for emerging market stocks. According to the bank, “Emerging markets equities are in line to benefit from improving economic growth more than developed markets are, driven primarily by emerging Asia and information technology companies.

América Móvil NYSE: AMX is an interesting telecom opportunity for investors, given its performance relative to US-based competition and the outlook for emerging markets next year. This company is performing in alignment with its competition(including FX headwinds), and emerging markets are expected to outpace the developed world by more than 2:1 in 2024.

America Movil's (AMX) third-quarter performance is affected by rising interest rates and unfavorable foreign currency movement.

America Movil has continued to see encouraging growth in LTV - or lifetime value trends. The company's reduction in long-term debt has also been encouraging. I take a bullish view on America Movil.

America Movil, S.A.B. de C.V. (NYSE:AMX ) Q3 2023 Earnings Conference Call October 18, 2023 11:00 AM ET Company Participants Daniela Lecuona - Head of Investor Relations Daniel Hajj Aboumrad - Chief Executive Officer Carlos Garcia Moreno - Chief Financial Officer Oscar Von Hauske - Chief Fixed Line Operations Officer Conference Call Participants Victor Tomita - Goldman Sachs Walter Piecyk - LightShed Marcelo Santos - JPMorgan John Ho - Mizuho Soomit Datta - New Street Research Cesar Medina - Morgan Stanley Alejandro Azar - GBM Phani Kanumuri - HSBC Andres Cardona - Citi Till Moewes - Schroders Jesus Romo - GlobalData Alejandro Lavin - Santander Operator Good morning.

America Movil's third-quarter results were mixed, with constant currency service revenue and adjusted EBITDA showing some growth, but also some margin pressure. America Movil continues to build on its network advantages in Mexico, expanding ARPU on the back of increased 5G network utilization while continuing to grow homes passed with broadband. Brazil is performing better, including record EBITDA margin, as mobile competitors are behaving more rationally and broadband continues to grow.

Amer Movil (AMX) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.23 per share a year ago.

Although the present market uncertainty has many investors jittery, telecom stocks to buy just might symbolize a bright spot. Fundamentally, it all comes down to the critical nature of the telecommunications sector.