New Street Research - AMERICA MOVIL S A B DE C V (AMX) ... AMX (Buy, TP: $24, +20%) Investor Day - Upbeat outlook, cash returns look set to rise quite materially

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New Street Research

Soomit Datta

EUR 9179.00 For Business Accounts Only

AMX (Buy, TP: $24, +20%) Investor Day - Upbeat outlook, cash returns look set to rise quite materially

America Movil held an investor event in New York today which was, in the main, pretty upbeat for mid-term revenue and EBITDA – a message given credibility by the strong momentum coming out of the Q1s.

08/05/2024 1 EN

Underlyings

AMERICA MOVIL S A B DE C V

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US02390A1016 New York Stock Exchange Mexico

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

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US02364W1053 New York Stock Exchange Mexico

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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:

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Pan European Telecom Services and Cable

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Analysts

Soomit Datta

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AMX (Buy, TP: $24, +20%) Investor Day - Upbeat outlook, cash returns look set to rise quite materially

AMX (Buy, TP: $24, +25%) Why a seemingly (quite) healthy Telco just filed for Chapter 11. Twice.

AMX(Buy, TP: $24, +24%) Televisa (Neutral, $3.5, +11%) Megacable (Neutral, MXN55, +9%) Mexican FTTH/Cable - Megacable to Neutral on Valuation, AMX top pick into Investor Day

Bible 1Q24 – Foundries: leading-edge strong; Trailing-edge correction playing out.

VEON (Buy, TP: $40, +55%) Thoughts after the call

Reddit (RDDT, Neutral, $54 target) Data licensing tracking our base case after OpenAI deal

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