America Movil ( (AMX) ) has provided an announcement.
On April 9, 2025, América Móvil announced that its independent auditor, Mancera S.C., identified material weaknesses in the company’s internal control over financial reporting for the fiscal year ending December 31, 2023. This discovery followed a Public Company Accounting Oversight Board inspection of the auditor’s work, leading to the withdrawal of a previous opinion on the effectiveness of these controls. The company has since filed Amendment No. 2 on Form 20-F/A to address these issues, although the amendment does not alter the financial statements for that year. This development highlights potential challenges in América Móvil’s financial reporting processes, which could impact stakeholder confidence.
Spark’s Take on AMX Stock
According to Spark, TipRanks’ AI Analyst, AMX is a Neutral.
America Movil’s overall stock score reflects a mixed financial performance with strong cash flow but declining profitability and high leverage. The technical indicators suggest bearish trends, while valuation appears high, though partially offset by a decent dividend yield. The earnings call provided some positive insights on revenue growth and expansion, but highlighted significant challenges, including declining net income and currency depreciation impacts.
To see Spark’s full report on AMX stock, click here.
More about America Movil
América Móvil, S.A.B. de C.V. is a leading telecommunications company based in Mexico City, Mexico. It provides a wide range of services including wireless, fixed-line, broadband, and pay television services. The company operates primarily in Latin America and is known for its significant market presence in the region.
YTD Price Performance: -2.91%
Average Trading Volume: 1,862,054
Technical Sentiment Signal: Strong Buy
Current Market Cap: $42.9B
For a thorough assessment of AMX stock, go to TipRanks’ Stock Analysis page.