Pealing Away Currency Moves, America Movil Remains on Track With 3Q Results
Currency movements created some lumpiness in America Movil’s third-quarter results, but the company performed well overall in most major markets, especially Mexico. We expect to maintain our fair value estimate at $18 per ADR and our narrow moat rating.Revenue in Mexico grew 8.4% versus a year ago, the fastest pace in several years, on steady wireless customer growth and another nice increase in revenue per customer. Movil has added nearly 1 million postpaid wireless customers over the past yea...
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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