Stock Rating Upgrade
The Value Trend Rating for America Movil SA de CV (NYSE: AMX) improved of late from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
America Movil SA de CV (NYSE: AMX) stock closed at $18.05 on 4/12/24 after a decline of -2.6%. However, unusually low trading volume at 58% of normal accompanied the decline. The stock has declined -3.1% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, AMX is expected to continue to be a modest Value Builder.
America Movil SA De CV, Mexico has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. America Movil SA De CV, Mexico has a slightly positive Power Rating of 62 and a slightly positive Appreciation Score of 69, resulting in the Positive Value Trend Rating.
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