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AMX $18.79

AMX target price
18.79
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0
América Móvil, S.A.B. de C.V
Type
Anónima Bursátil de Capital Variable
Traded as BMV: AMX
NYSE: AMX
NASDAQ: AMOV
BMAD: AMXL
Industry Telecommunications
Founded 2000; 17 years ago (2000)
Headquarters Plaza Carso, Mexico City, Mexico
Area served
Americas, Europe
Key people
Carlos Slim Helú, (Chairman)
Daniel Hajj Aboumrad, (CEO) Iran Campbell Jr, (General Manager)
Products Fixed-line
Mobile phone
Broadband,
Digital television
IPTV
Digital Media
Internet of things
Revenue Decrease US$47.346 billion (2016)
Operating income
Decrease US$5.320 billion (2016)
Net income
Decrease US$586 million (2016)
Number of employees
193,103 (2016)
Subsidiaries Claro, Telmex, NET, Embratel, Claro TV, NuestraVisión, Telcel, TracFone Wireless, Page Plus Cellular.
Website www.americamovil.com

América Móvil is a Mexican telecommunications corporation headquartered in Mexico City, Mexico. It is the fourth largest mobile network operator in terms of equity subscribers and one of the largest corporations in the world. América Móvil is a Forbes Global 2000 company. A venture of Carlos Slim, América Móvil provides services to 289.4 million wireless subscribers, 34.3 million landlines, 22.6 million broadband accesses and 21.5 million PayTV units as of the end of 2014.

The company's world headquarters are located in Mexico City, Mexico. Its Mexican subsidiary Telcel is the largest mobile operator in that country, commanding a market share in excess of 70%. The company operates under its Claro subsidiaries in many countries in Latin America and the Caribbean, these include Jamaica, the Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, Peru, Argentina, Uruguay, Chile, Paraguay, Puerto Rico, Colombia and Ecuador. In Brazil it also operates Claro and other subsidiary Embratel. It owns 30% of KPN in the Netherlands and has done a bid on 100% of the shares. The group has also fully consolidated the Telekom Austria Group into its financial reporting, owning 59.7% of its shares and using the Austrian operator to expand América Móvil's European network.

América Móvil acquired 100% of Jamaican mobile operator Oceanic Digital, under the brand name MiPhone in August 2007. On November 15, 2005, the company signed an international pact with Telkomsel to jointly deliver various international services.

In the United States, it operates through its subsidiary TracFone Wireless, Inc. under the brands TracFone, NET10 Wireless, Straight Talk, SIMPLE Mobile, Telcel América, Page Plus Cellular and Total Wireless. It is one of the leading national pre-paid wireless service provider in the U.S.

As of December 2010, the company was one of the top four telecommunications companies in the world and boasted 290,000 kilometres of fiber optic cable, making it the largest in infrastructure.

With annual sales of over $47 billion (As of April 2012), the company is currently the largest company in Mexico by revenue, more than the next five largest companies combined.

With annual profits of over $5 billion (As of April 2012), the company is currently the most profitable company in Mexico, more than the next three most profitable companies combined.

With assets of over $67 billion (As of April 2012), the company is currently the largest company in Mexico by assets with Banorte very closely behind them with assets of over $59 billion (As of April 2012) It is highly likely that the company will buy a group of companies with at least $29 billion in assets in 2013 in the pension, insurance, payroll, currency exchange and mutual funds industries to secure their position as the most asset rich company in Mexico.

With a market value of over $93 billion (As of April 2012), the company is currently the most valuable company in Mexico, more than the next three most valuable companies combined.

In 2012, the OECD estimated that lack of competition in telecommunications had cost the economy of Mexico $25 billion per year.

In January 2010, it made an offer to buy Carso Telecom and Telmex International in order to better compete against Spain's Telefonica and Malaysia's Telekom Malaysia. The acquisition was approved by the CFC (Comisión Federal de Competencia) Antitrust Office in Mexico on February 11, 2010.

América Móvil had once been Telmex' mobile division, but since its spinoff in 2001 it had grown far larger than its former parent.

As of Dec 2014:

Global wireless customers 289.449 million

In early August 2013, América Móvil offered to take over the remaining 70% stake of the Dutch telecommunications company KPN for 7.2 billion Euros ($9.49 billion). América Móvil currently owns close to 30% of KPN. The Dutch government has warned against this acquisition quoting it as a threat to national security. The Dutch government’s intervention comes after the council representing employees of KPN urged authorities to halt América Móvil’s planned bid.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-10-17 Future report Set alerts
Q2 2022 2022-07-12 0.21 0.21
Q1 2022 2022-04-26 0.47 0.47
Q4 2021 2022-02-08 0.00 0.00
Q3 2021 2021-10-19 0.24 0.24
Q2 2021 2021-07-13 0.64 0.64
Q1 2021 2021-05-24 0.03 0.03
Q4 2020 2021-02-09 0.54 0.54
Q3 2020 2020-10-20 0.00 0.00
Q2 2020 2020-07-14 0.26 0.26

Ratings

2016-06-22 Initiated Coverage BTIG Research Neutral
2016-05-03 Reiterated Rating Credit Suisse Hold $16.00
2016-05-03 Reiterated Rating Credit Suisse Group AG Hold $16.00
2016-04-29 Downgrade Morgan Stanley Overweight to Equal Weight $15.00
2016-04-28 Downgrade Citigroup Inc. Neutral to Sell $15.50 to $13.70
2016-04-28 Downgrade Bank of America Buy to Neutral
2016-04-28 Downgrade JPMorgan Chase & Co. Neutral to Underweight $13.00
2016-04-28 Downgrade Scotiabank Sector Outperform to Sector Perform
2016-04-28 Downgrade Bank of America Corp. Buy to Neutral
2016-03-30 Reiterated Rating JPMorgan Chase & Co. Overweight to Neutral
2016-02-11 Lower Price Target Barclays Equal Weight $19.00 to $13.00
2016-02-11 Lower Price Target Barclays PLC Equal Weight $19.00 to $13.00
2016-01-26 Upgrade Morgan Stanley Equal Weight to Overweight $16.00
2016-01-11 Upgrade Itau BBA Securities Outperform
2015-12-17 Upgrade JPMorgan Chase & Co. Underweight to Neutral
2015-12-11 Upgrade Morgan Stanley Underweight to Equal Weight $17.00 to $16.00
2015-12-07 Initiated Coverage Credit Suisse Neutral $19.00
2015-11-17 Downgrade Macquarie Outperform to Neutral $20.00 to $18.50
2015-10-21 Lower Price Target Barclays Equal Weight $20.00 to $19.00
2015-10-21 Lower Price Target RBC Capital Underperform $18.00 to $16.50
2015-10-21 Lower Price Target Royal Bank Of Canada Underperform $18.00 to $16.50
2015-10-12 Lower Price Target Barclays Equal Weight $22.00 to $20.00
2015-09-28 Lower Price Target Goldman Sachs Buy $24.50 to $22.35
2015-09-28 Lower Price Target Goldman Sachs Group Inc. Buy $24.50 to $22.35
2015-09-18 Downgrade Banco Santander Hold
2015-07-23 Downgrade JPMorgan Chase & Co. Neutral to Underweight $20.50 to $17.50
2015-07-22 Reiterated Rating Macquarie Buy
2015-07-21 Lower Price Target Macquarie Outperform $24.00 to $23.00
2015-07-21 Reiterated Rating RBC Capital Underperform $20.00
2015-07-07 Upgrade Howard Weil Sector Perform to Outperform
2015-04-27 Lower Price Target RBC Capital Underperform $21.00 to $20.00
2015-02-12 Lower Price Target RBC Capital Underperform $23.00 to $21.00
2014-10-27 Reiterated Rating Macquarie Outperform $7.50 to $26.50
2014-10-16 Upgrade Bank of America Neutral to Buy $19.00
2014-10-13 Downgrade Citigroup Inc. Neutral to Sell
2014-09-03 Reiterated Rating Macquarie Outperform $26.00 to $27.50
2014-07-21 Downgrade Morgan Stanley Equal Weight to Underweight
2014-07-18 Boost Price Target Barclays Underweight to Equal Weight $20.50 to $24.00
2014-05-19 Reiterated Rating Morgan Stanley Equal Weight $20.00
2014-04-24 Reiterated Rating Morgan Stanley Equal Weight $20.00
2014-04-23 Upgrade Itau BBA Securities Market Perform to Outperform $22.00 to $21.00
2014-03-25 Lower Price Target Bank of America Buy to Neutral $27.00 to $24.00
2014-03-10 Upgrade Scotiabank Underperform to Sector Perform $19.20
2014-02-20 Downgrade Barclays Equal Weight to Underweight $21.00 to $20.00
2014-02-12 Reiterated Rating Morgan Stanley In-Line to In-Line $21.00 to $20.00
2013-10-17 Boost Price Target Scotiabank $19.00 to $20.00
2013-10-17 Initiated Coverage Morgan Stanley Equal Weight $21.00
2013-08-19 Initiated Barclays Equal Weight $22.50
2011-02-09 Reiterated HSBC Securities Neutral $62 to $64
2010-10-22 Downgrade Stifel Nicolaus Buy to Hold
2010-10-19 Reiterated Barclays Capital Overweight $63 to $67
2010-07-23 Reiterated Stifel Nicolaus Buy $55 to $58
2010-02-18 Downgrade HSBC Securities Overweight to Neutral
2010-02-03 Reiterated Stifel Nicolaus Buy $52 to $53
2009-10-06 Upgrade Citigroup Hold to Buy
2009-09-30 Initiated UBS Neutral
2009-09-16 Initiated Wells Fargo Outperform
2009-09-08 Initiated Barclays Capital Overweight
2009-08-27 Initiated Oscar Gruss Buy $57
2009-07-22 Upgrade Pali Research Sell to Neutral
2009-06-30 Reiterated Pali Research Sell $22 to $26
2009-04-29 Upgrade JP Morgan Neutral to Overweight
2009-04-29 Upgrade Citigroup Sell to Hold
2009-04-14 Downgrade Citigroup Hold to Sell
2009-04-07 Downgrade Thomas Weisel Overweight to Underweight $40 to $23
2009-03-27 Reiterated Pali Research Sell $23 to $20
2016-06-22 Initiated Coverage BTIG Research Neutral
2016-05-03 Reiterated Rating Credit Suisse Hold $16.00
2016-05-03 Reiterated Rating Credit Suisse Group AG Hold $16.00
2016-04-29 Downgrade Morgan Stanley Overweight to Equal Weight $15.00
2016-04-28 Downgrade Citigroup Inc. Neutral to Sell $15.50 to $13.70

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks