America MovilAMX
Market Cap: $51.1B
About: 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 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 US to Verizon in 2021 and now owns a 1.4% stake in the US telecom giant. The firm also holds a 60% stake in Telekom Austria.
Employees: 176,083
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
0% more funds holding
Funds holding: 287 [Q1] → 287 (+0) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 4 [Q1] → 4 (+0) [Q2]
0% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 31
0.01% less ownership
Funds ownership: 0.32% [Q1] → 0.31% (-0.01%) [Q2]
17% less capital invested
Capital invested by funds: $3.72B [Q1] → $3.1B (-$616M) [Q2]
37% less repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 110
73% less call options, than puts
Call options by funds: $2.2M | Put options by funds: $8.05M
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
UBS Leonardo Olmos 33% 1-year accuracy 2 / 6 met price target | 36%upside $23 | Buy Maintained | 18 Jul 2024 |
Scotiabank Andres Coello 63% 1-year accuracy 5 / 8 met price target | 14%upside $18.90 | Sector Perform Maintained | 17 Jul 2024 |
Scotiabank Andres Coello 63% 1-year accuracy 5 / 8 met price target | 14%upside $19 | Sector Perform Maintained | 25 Jun 2024 |