America Movil SAB de CV ADR - Series B
AMX: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$57.00 | Mqqczmj | Kqvllpdvv |
America Movil Earnings: Solid Mexican Results Balance Out Weakness Elsewhere
The Mexican peso’s strength continues to weigh on America Movil. Total service revenue for the first quarter declined 2.2% year over year but would have increased about 6% excluding currency movements. The Mexican business (nearly 40% of consolidated revenue) produced solid results while Colombia remains challenging. We are maintaining our fair value estimate at $21 per ADR and view the shares as fairly valued.