Mexican Growth Slowed During 1Q but Better Times Appear Ahead for America Movil
America Movil reported messy first-quarter results, with accounting changes, currency movements, and one-time items skewing comparisons. It appears wireless revenue growth slowed considerably in Mexico, the firm’s most important market. Wireless customer growth remains solid, though, and management commentary suggests better pricing in the coming months will benefit growth over the balance of 2019. Profitability was also a bright spot. We don’t expect to materially alter our $18 fair value estim...
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.
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