Report
Soomit Datta
EUR 9617.00 For Business Accounts Only

AMX (Buy, TP: $24, +40%) AMX Q3s - Broadly solid Q3, Buy back accelerating

AMX reported broadly solid Q3s after close last night, with revenue 1% ahead (supported by a towers sale) while EBITDA slightly missed (0.5%). However, this miss in EBITDA was driven by “Other” which tends to be a little volatile, whilst Mexico, Brazil and Colombia were slightly ahead.
Underlyings
Alicorp SA

Alicorp is engaged in the export, import and manufacture of products derived from cotton oil seeds; production of soaps; production of noodles; export and import of coffee to be processed; export and import of animal and vegetable concentrates; purchase, distribution, sale, import and export of food and hygiene products in general, and sale of cosmetics, flour, cookies, cooking oils, shortening, and margarine. Co. operates throughout Peru and exports to Chile, Bolivia, Colombia, Ecuador, Venezuela, Haiti, Guatemala, Costa Rica, United States, Dominican Republic, Nicaragua, Canada, Panama, Mauritania, Curazao, China, Bahamas and Honduras.

AMERICA MOVIL S A B DE C V

America Movil S.A.B. de C.V. ADS

Provider
New Street Research
New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

  • Pan European Telecom Services and Cable
  • US Telecoms, Cable, Satellite and Towers
  • Global Emerging Market Telecoms
  • Japan Telecoms
  • Asian Internet
  • Pan European Healthcare
  • Global healthcare thematic research

We provide debt research on:

  • Pan European Telecom Services and Cable


Analysts
Soomit Datta

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