America Movil S.A.B. De C.V. (AMX)
NYSE:AMX
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America Movil
(NYSE:AMX)
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Rating:71Outperform
Price Target:
$29.00
▲(9.97% Upside)
Action:UpgradedDate:04/25/26
The score is driven primarily by solid fundamentals (strong revenue growth and healthy margins) but tempered by leverage and weakening free-cash-flow momentum. Technicals are supportive with price above major moving averages and positive MACD, while valuation is reasonable (P/E ~14.75, ~2.1% yield). Earnings-call commentary adds confidence via margin expansion and clear capital allocation, offset by FX, working-capital, and competitive/regulatory risks.
Positive Factors
High EBITDA margins
Sustained ~38–40% EBITDA margins reflect scale, mix (equipment + services) and operating leverage across mobile and fixed segments. Durable margins support reinvestment in 5G/fiber, consistent cash generation and capacity for shareholder returns even through cyclical currency swings.
Negative Factors
Elevated leverage
Material leverage in a capital-intensive telecom model raises refinancing, interest-rate and flexibility risks. Until net-debt/EBITDA approaches management’s ~1.3x target, balance-sheet constraints could limit the pace of M&A, incremental capex or larger buybacks if operating momentum weakens.
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Positive Factors
Negative Factors
High EBITDA margins
Sustained ~38–40% EBITDA margins reflect scale, mix (equipment + services) and operating leverage across mobile and fixed segments. Durable margins support reinvestment in 5G/fiber, consistent cash generation and capacity for shareholder returns even through cyclical currency swings.
Read all positive factors
America Movil (AMX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$80.32B
Dividend Yield2.69%
Average Volume (3M)1.46M
Price to Earnings (P/E)14.8
Beta (1Y)0.33
Revenue Growth9.51%
EPS Growth188.07%
CountryUS
Employees177,620
SectorCommunication Services
Sector Strength97
IndustryTelecommunications Services
Share Statistics
EPS (TTM)0.39
Shares Outstanding3,109,250,000
10 Day Avg. Volume1,510,649
30 Day Avg. Volume1,464,445
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)3.10
Price to Sales (P/S)1.27
P/FCF Ratio9.32
Enterprise Value/Market Cap25.37
Enterprise Value/Revenue2.16
Enterprise Value/Gross Profit4.49
Enterprise Value/Ebitda5.31
Forecast
1Y Price Target
$25.93Price Target Upside-1.66% Downside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)32.74
Revenue Forecast (FY)$965.49B
America Movil Business Overview & Revenue Model
Company Description
América Móvil, S.A.B. de C.V. provides telecommunications services in Latin America and internationally. The company offers wireless and fixed voice services, including local, domestic, and international long-distance services; and network interco...
How the Company Makes Money
América Móvil primarily makes money by charging customers recurring and usage-based fees for telecommunications services, supplemented by equipment sales and enterprise contracts. Its main revenue streams include: (1) Mobile services: monthly subs...
America Movil Earnings Call Summary
Earnings Call Date:Apr 23, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 14, 2026
Earnings Call Sentiment Positive
The call presented multiple clear operational strengths: resilient topline at constant exchange rates, strong equipment sales, accelerating postpaid and broadband growth, margin expansion to a 40% EBITDA margin, improved profitability (net income +25%) and a disciplined capital deployment plan (CapEx guidance ≈ $7bn, buybacks and deleveraging actions). Counterbalancing risks include FX volatility that compressed reported peso growth, working capital build from handset inventory and financing, deployment constraints in Buenos Aires, regulatory subscriber cleanup in Mexico, and uncertainty about competitive outcomes from Telefonica asset sales. On balance the company emphasized growth, margin improvement and active capital allocation while signaling opportunistic M&A, so positives outweigh the listed headwinds.Positive Updates
Revenue Growth (Constant FX)
Reported first-quarter revenue of MXN 237 billion, up 2.1% in Mexican peso terms; at constant exchange rates revenue rose 6.1% year-over-year, supported by service revenue (+4.6% CER) and equipment revenue (+11.3% CER).
Negative Updates
FX Volatility and Reported Metric Distortions
Significant currency moves affected comparables: Mexican peso appreciated against USD (~16% YoY) and other currencies, muting reported peso-denominated revenue growth (reported +2.1% vs. +6.1% CER) and complicating near-term comparability.
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Q1-2026 Updates
Positive
Negative
Revenue Growth (Constant FX)
Reported first-quarter revenue of MXN 237 billion, up 2.1% in Mexican peso terms; at constant exchange rates revenue rose 6.1% year-over-year, supported by service revenue (+4.6% CER) and equipment revenue (+11.3% CER).
Read all positive updates
Company Guidance
Management guided 2026 CapEx at roughly $7 billion (give or take with FX), reiterated an aim to reduce net debt/EBITDA toward ~1.3x (Q1 net debt MXN 437 billion, financial debt MXN 527 billion and net debt/EBITDA 1.41x), and signaled a balanced capital-allocation approach between continued deleveraging, opportunistic M&A in Latin America and Eastern Europe (recently closed Azteca Colombia and Desktop) and buybacks (added MXN 10 billion to bring the buyback fund to MXN 21 billion); Q1 cash flow covered MXN 21.6 billion of CapEx, MXN 1.4 billion of buybacks and MXN 1.5 billion of labor obligations while net debt was reduced by MXN 1 billion, and management said no immediate price increases are planned in Brazil.America Movil Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
62
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 944.51B | 885.08B | 869.22B | 816.01B | 844.50B | 830.69B |
| Gross Profit | 453.55B | 380.05B | 538.04B | 499.54B | 513.97B | 502.18B |
| EBITDA | 383.46B | 355.47B | 292.50B | 264.58B | 286.07B | 273.93B |
| Net Income | 87.21B | 77.68B | 22.90B | 76.11B | 76.16B | 192.42B |
Balance Sheet | ||||||
| Total Assets | 1.83T | 1.80T | 1.79T | 1.56T | 1.62T | 1.69T |
| Cash, Cash Equivalents and Short-Term Investments | 90.50B | 35.01B | 83.35B | 100.35B | 122.13B | 156.38B |
| Total Debt | 745.43B | 918.75B | 780.72B | 625.85B | 644.74B | 662.68B |
| Total Liabilities | 1.40T | 1.37T | 1.36T | 1.14T | 1.18T | 1.24T |
| Stockholders Equity | 366.68B | 362.66B | 369.09B | 366.71B | 373.80B | 389.63B |
Cash Flow | ||||||
| Free Cash Flow | 155.87B | 120.67B | 126.26B | 91.75B | 79.09B | 100.11B |
| Operating Cash Flow | 290.73B | 228.00B | 239.34B | 248.09B | 225.29B | 258.18B |
| Investing Cash Flow | -143.87B | -118.52B | -129.24B | -164.99B | -152.36B | -76.52B |
| Financing Cash Flow | -145.89B | -108.21B | -103.12B | -84.95B | -73.35B | -177.37B |
America Movil Technical Analysis
Positive
26.37
Price Trends
24.56
Positive
22.86
Positive
21.45
Positive
Market Momentum
0.65
Negative
60.64
Neutral
42.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AMX, the sentiment is Positive. The current price of 26.37 is above the 20-day moving average (MA) of 25.56, above the 50-day MA of 24.56, and above the 200-day MA of 21.45, indicating a bullish trend. The MACD of 0.65 indicates Negative momentum. The RSI at 60.64 is Neutral, neither overbought nor oversold. The STOCH value of 42.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AMX.
America Movil Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $16.37B | 16.17 | 15.56% | 6.14% | -5.21% | -7.46% | |
72 Outperform | $5.42B | 10.60 | 7.24% | 5.57% | 21.59% | 0.33% | |
71 Outperform | $80.32B | 14.75 | 17.05% | 2.69% | 9.51% | 188.07% | |
70 Outperform | $24.37B | 17.32 | 9.03% | 5.03% | 2.80% | 11.44% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | $35.59B | 7.35 | -8.37% | 3.77% | 19.66% | -278.57% |
* Communication Services Sector Average
AMX
America Movil
26.14
9.46
56.71%
TLK
PT Telekomunikasi Indonesia Tbk
16.69
2.22
15.31%
VIV
Telefonica Brasil
15.21
5.92
63.64%
TKC
Turkcell Iletisim
6.23
0.51
8.95%
VOD
Vodafone
15.34
6.03
64.82%
America Movil Corporate Events
América Móvil Shareholders Approve 2026 Dividend, Expanded Buyback and Share Cancellations
Apr 24, 2026
On April 23, 2026, América Móvil reported that its shareholders approved an ordinary dividend of MXP$0.54 per share, to be paid in cash in two equal installments on July 15 and November 11, 2026. The meeting also authorized a share buyba...
América Móvil Posts Strong 1Q 2026 Profit Growth as Postpaid and Broadband Drive Expansion
Apr 23, 2026
In the first quarter of 2026, América Móvil added 3.0 million wireless postpaid subscribers while trimming 90,000 prepaid users, with Brazil, Colombia and Peru driving postpaid growth. The company also connected 594,000 new fixed broadba...
América Móvil to Acquire 73% Stake in Brazil’s Desktop
Mar 23, 2026
On March 22, 2026, América Móvil announced that a Brazilian subsidiary has agreed to acquire about 73% of Desktop S.A., signaling an effort to deepen its presence in Brazil’s telecommunications and broadband market. Completion of t...
América Móvil Posts Strong 4Q25 Growth, Boosts Cash Flow and Cuts Debt
Feb 12, 2026
In its fourth-quarter 2025 results released in February 2026, América Móvil reported robust subscriber growth, adding 2.5 million wireless customers and 524,000 broadband connections, with Brazil, Colombia and Mexico driving postpaid gai...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.