Significant negative changes in fundamentals have recently occurred for America Movil SA de CV (NYSE: AMX): significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.
Significant negative changes in investment behavior have recently occurred for America Movil SA de CV (NYSE: AMX): its longer term price trend turned down.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed 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 C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. America Movil SA De CV, Mexico has a neutral Power Rating of 51 and a neutral Appreciation Score of 54, triggering the Neutral Value Trend Rating.
Recent Price Action
America Movil SA de CV (NYSE: AMX) stock closed at $18.78 on 5/29/24 after a decline of -2.1%. However, below average trading volume at 75% of normal accompanied the decline. The stock has declined -5.3% during the last week and has performed in line with the market over the last nine months.
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