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America Movil SAB de CV ADR AMOV Stock Quote

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Morningstar‘s Stock Analysis AMOV

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Is it the right time to buy or sell?

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America Movil Posted Solid Second Quarter Results Despite Growing Economic Pressure

Analyst Note

| Michael Hodel, CFA |

America Movil reported solid second-quarter results overall amid increasingly challenging economic conditions. The Brazilian wireless business was particularly strong, a welcome sign with the Oi asset acquisition closing recently. Our fair value estimate remains $21, and we believe the stock is roughly fairly valued.

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Key Statistics AMOV

Company Profile AMOV

Business Description

America Movil is the largest telecom carrier in Latin America, serving about 290 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 40% of service revenue. Movil dominates the Mexican wireless market with about 63% customer share and also serves about half of fixed-line internet access customers in the country. Brazil, its second most important market, provides about 30% 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 51% stake in Telekom Austria and a 20% stake in Dutch carrier KPN.

Lago Zurich 245, Plaza Carso / Edificio Telcel, Colonia Ampliacion Granada
Mexico, DF, 11529, Mexico
T +52 5525813700
Industry Telecom Services
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Stock Type
Employees 181,205