27-Mar-2024
No press releases found.
Millicom International rises as Piper Sandler upgrades on free cash flow prospects
Seeking Alpha News (Thu, 28-Mar 7:33 AM ET)
América Móvil Sets Terms for Senior Notes Due 2029
TipRanks (Wed, 27-Mar 6:28 PM ET)
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 March 27, 2024, AMX stock price climbed to $18.79 with 926,828 million shares trading.
AMX has a beta of 0.48, meaning it tends to be less sensitive to market movements. AMX has a correlation of 0.08 to the broad based SPY ETF.
AMX has a market cap of $58.44 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 $.04 earnings per share. This beat revenue expectation by $637 million and missed earnings estimates by -$.33.
In the last 3 years, AMX stock traded as high as $23.07 and as low as $13.45.
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 price return of -7.7% while the SPY ETF gained +33.6%. AMX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.6% and -3.4%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
AMX support price is $17.98 and resistance is $18.54 (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.