- Scotiabank sets a new price target for America Movil (NYSE:AMX) at $19.50, suggesting a potential downside from its current trading price.
- AMX reported a significant increase in net income per ADR to 40 cents, surpassing the Zacks Consensus Estimate.
- The company’s shares have experienced a 30.5% surge over the past year, outperforming the industry average.
America Movil (NYSE:AMX) is a leading telecommunications company based in Mexico, offering a wide range of services including wireless, fixed-line, and broadband services, primarily in Latin America. It competes with major telecom players like Telefonica and AT&T.
On October 16, 2025, Scotiabank set a price target of $19.50 for AMX, while the stock was trading at $22.23. This target suggests a potential downside of approximately -12.26%. The price target was previously set at $17.10, indicating a more optimistic outlook from Scotiabank.
AMX reported strong third-quarter earnings, with net income per ADR reaching 40 cents, up from 11 cents last year. This exceeded the Zacks Consensus Estimate of 36 cents. Total revenues increased by 4.2% to Mex$232.9 billion, driven by strong service and equipment sales.
The company’s performance was supported by subscriber growth in regions like Colombia, Argentina, and Central America. Additionally, AMX’s comprehensive financing cost decreased by 54.5% to Mex$12.9 billion, compared to Mex$28.3 billion last year.
Over the past year, AMX shares have surged by 30.5%, outperforming the Zacks Wireless Non-US industry’s growth of 22.8%. The stock is currently priced at $22.41, reflecting a 3.92% increase with a change of $0.85. The stock has fluctuated between $21.70 and $22.59 today, with a market cap of approximately $67.57 billion.
