AMX(Buy, TP: $22, +34%) America Movil - Q3 24: Accelerating growth, 4% beat; buy-back should build into Q4
AMX reported a good set of Q3 numbers yesterday after close. Both revenue and EBITDA beat consensus by ~4%. Service revenue growth accelerated to 5.5% in Q3 vs. 4.7% last quarter and EBITDA growth accelerated to 7.3% from 6.9% in Q2. Almost all geographies beat.
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