AMX Stock Recent News

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.

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Mexican telecommunications giant America Movil is looking to increase the percentage of its debt held in pesos, Chief Financial Officer Carlos Garcia Moreno said on Wednesday.

Amer Movil (AMX) is well positioned to outperform the market, as it exhibits above-average growth in financials.