Revenue Growth Strong in America Movil's 2Q, but Still Negative for Year
America Movil reported significantly improved revenue growth of 3.1% in the second quarter. While this is above our full-year revenue growth projection of 2.3%, the first half result remains negative. This improvement provides hope that the worst is over and the growth we’ve anticipated this year and going forward can be achieved. Thus, we expect to maintain our $18 per ADR fair value estimate and narrow moat rating. We believe the shares are fairly valued.In Mexico, its largest market, the fir...
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.
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