Report
Alex Zhao
EUR 101.80 For Business Accounts Only

Movil relies on its material scale advantage to overcome competitive and regulatory pressure.

We are lowering our fair value estimate for Movil to $18 per share, down from $19, due to an update in exchange rates. The current exchange rate applied is MXN 19.36 per $1 as of Jan. 5. As the biggest wireless carrier in Latin America, we think Movil will rely on its unmatched scale and solid assets to deliver profitable growth and overcome overall intense competition and regulatory uncertainty across the region. We believe the stock provides investors with an avenue to benefit from any economi...
Underlying
America Movil S.A.B. de C.V. Cl A ADS

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Alex Zhao

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