America Movil SAB de CV

AMX · BOLSA

$24.57−$0.41 (−1.64%)TodayMarket closed · Oct 23, 7:49 PM ET

Prev close $24.98

AMX analyst rating

BuyConsensus of 3 analysts over the last 12 months. 67% rate it a buy.

Strong buy0
Buy2
Hold1
Underperform0
Sell0

12-month price target · 11 analysts

Average $27.23 (+10.8% upside)

Low: $19.44
Now: $24.57
High: $32.01

Upgrades and downgrades

The latest rating actions, newest first

AMX analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
UBS	Oct 22, 2026	Maintains	Buy	$32.50 → $31.00	30%
JP Morgan	Aug 18, 2026	Upgrade	Neutral → Overweight	$30.00 → $32.00	64%
Scotiabank	May 27, 2026	Maintains	Sector Perform	$21.80 → $20.80	69%
JP Morgan	May 14, 2026	Maintains	Neutral	$24.50 → $30.00	64%
UBS	Apr 23, 2026	Maintains	Buy	$31.00 → $31.50	30%
Scotiabank	Mar 30, 2026	Maintains	Sector Perform	$19.50 → $21.80	69%
JP Morgan	Mar 11, 2026	Maintains	Neutral	$23.50 → $24.50	64%
UBS	Feb 24, 2026	Upgrade	Neutral → Buy	$23.60 → $30.00	30%

The case for and against

Updated Dec 14, 2024

Bull case

America Movil's position as the largest telecom carrier in Latin America is underpinned by significant wireless service revenue growth, particularly in Brazil and Central America, where EBITDA growth accelerated to 13.9% and 13.2% year-over-year, outpacing Mexico's performance. The firm's strategic focus on expanding its fiber-to-the-home (FTTH) offerings has led to increased revenue performance in fixed-line services, with Telmex reporting a notable rise in homes passed to 26 million. Additionally, Argentina's economic revival has positively impacted EBITDA growth, contributing to a favorable overall outlook for America Movil's financial performance and operational efficacy across the region.

Bear case

America Movil's wireless service revenues in Mexico grew at a mere 3.8% in Q3/24, falling short of the prevailing inflation rate of 4.6% year-over-year, indicating weak performance amidst a challenging competitive landscape. The company's position is further compromised by anticipated declines in service revenues due to upcoming constitutional reforms aimed at transforming the telecom sector into a state-controlled entity, which is likely to exacerbate competition and pressure on profitability. Additionally, concerning trends in VTR, with a 5.0% year-over-year sales decline and a low EBITDAaL margin of 10.1%, suggest that the broader market dynamics may hinder growth prospects, particularly as broadband cannot sufficiently compensate for declining video revenues.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.