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America Movil is the largest telecom carrier in Latin America, serving about 285 million wireless customers across the region. It also provides fixed-line phone, internet access, and television services in most of the countries it serves. Mexico is the firm's largest market, providing about 35% of service revenue. Movil dominates the Mexican wireless market with more than 60% customer share and also serves about half of fixed-line internet access customers in the country. Brazil, its second most important market, provides about 20% of service revenue. Movil sold its low-margin wireless resale business in the U.S. to Verizon in 2021 and now owns a 1.4% stake in the U.S. telecom giant. The firm also holds a 58% stake in Telekom Austria and a 15% stake in Dutch carrier KPN.
America Movil S.A.B. De C.V. American Depositary Shares (Each Representing The Right To Receive Twenty (20) Series B Shares trades on the NYSE stock market under the symbol AMX.
As of April 19, 2024, AMX stock price climbed to $18.26 with 1,751,188 million shares trading.
AMX has a beta of 0.50, meaning it tends to be less sensitive to market movements. AMX has a correlation of 0.09 to the broad based SPY ETF.
AMX has a market cap of $56.67 billion. This is considered a Large Cap stock.
Last quarter America Movil S.A.B. De C.V. American Depositary Shares (Each Representing The Right To Receive Twenty (20) Series B Shares reported $12 billion in Revenue and $.25 earnings per share. This fell short of revenue expectation by $-54 million and missed earnings estimates by -$.10.
In the last 3 years, AMX stock traded as high as $23.07 and as low as $13.75.
The top ETF exchange traded funds that AMX belongs to (by Net Assets): PID, AVEM, TDIV, DFAE, DFEM.
AMX has underperformed the market in the last year with a return of -13.2%, while the SPY ETF gained +21.2%. In the last 3 month period, AMX fell short of the market, returning +1.3%, while SPY returned +4.3%. However, in the most recent 2 weeks AMX has outperformed the stock market by returning -1.9%, while SPY returned -3.5%.
AMX support price is $17.48 and resistance is $18.02 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AMX stock will trade within this expected range on the day.