America Movil SAB de CVNYSE: AMX

Amer Movil (AMX) reported earnings 30 days ago. What's next for the stock?

América Móvil, S.A.B. de C.V. (NYSE:AMX ) Q3 2024 Earnings Call Transcript October 16, 2024 11:00 AM ET Company Participants Daniela Lecuona - Head of IR Daniel Hajj - CEO Carlos Garcia Moreno - CFO Oscar von Hauske - COO Conference Call Participants Milenna Okamura - Goldman Sachs Walter Piecyk - Lightshed Partners Marcelo Santos - JPMorgan Gustavo Farias - UBS Ernesto Gonzalez - Morgan Stanley Phani Kanumuri - HSBC Alejandro Lavin - Santander Lucca Brendim - Bank of America Carlos Sequeira - BTG Pactual Carlos Legarreta - ITAU Camila Koga - BBI Operator Good morning.

Shares in Mexican telecommunications giant America Movil jumped 2% in Wednesday morning trading after the company reported strong results in the third quarter.

AMX's third-quarter 2024 performance is driven by strong momentum across the Service and Equipment segments.

Mexican telecommunications giant America Movil reported on Tuesday that it more than tripled its net profit in the third quarter from a year ago, citing a weaker peso boosting its foreign earnings and lower financing costs.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

ICARO to Deliver Monetization for Claro Brazil with Over 87 Million Mobile Customers NEW YORK , Oct. 10, 2024 /PRNewswire/ -- ICARO™ Media Group, Inc. an AI Technology Media company for Telecom / Mobile Operators and Media Broadcast Companies (TMT sector), in partnership with RioVerde, has entered into a 10-year contract with Claro Brasil, a mobile operator, entertainment, satellite-television, fixed, and broadband telecommunications operator owned by América Móvil (NYSE: AMX), the largest mobile operator in the LATAM market. CLARO is the largest telecom provider in LATAM, the second largest mobile operator in Brazil, and América Móvil's largest subsidiary.

AMX, CNH and CNMD have been added to the Zacks Rank #5 (Strong Sell) List on August 5, 2024.

America Movil has seen resilient revenue growth in spite of currency headwinds. Growth in customer lifetime value has also been impressive. I take a bullish view on America Movil.