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America Movil ( (AMX) ) has issued an announcement.
In the fourth quarter of 2024, América Móvil reported surpassing 400 million access lines, with notable growth in postpaid clients and broadband accesses, particularly in Brazil, Colombia, and Mexico. The company’s revenue increased by 18% compared to the previous year, driven by strong service revenue growth and the consolidation of Claro-VTR in Chile. Despite a drop in net income by 47.5% due to higher financing costs and foreign exchange losses, América Móvil demonstrated robust operational performance with a significant rise in fixed-line and mobile service revenue.
More about America Movil
América Móvil is a major telecommunications company based in Mexico City, primarily focused on providing wireless and fixed-line services across Latin America and beyond. With a significant presence in countries like Brazil, Colombia, and Mexico, the company is a leading player in the telecommunications industry, offering broadband, mobile, and corporate network services.
YTD Price Performance: 2.64%
Average Trading Volume: 1,696,953
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $45.3B
For detailed information about AMX stock, go to TipRanks’ Stock Analysis page.
