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 9480.00 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.

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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

VIVT3 (Buy, TP: R$61, +15%) TIMS3 (Buy, TP: R$23, +43%) AMX (Buy, TP: $22, +37%) Vivo (BUY) and Brazil Q3 wrap - TIM lagging in wireless. NuCel the perceived overhang

Mexican Cable/FTTH - Q3 24: MEGA and TPLAY the strongest performers; TV still under pressure

AMX(Buy, TP: $22, +34%) America Movil - Q3 24: Accelerating growth, 4% beat; buy-back should build into Q4

GOOGL/META : How the antitrust path could change (or not) under the Trump administration

Digi (Equal Weight) Q3 24: Capex up; Belgium/Portugal updates (not good for incumbents)

MTN (Buy, TP: ZAR130, +57%) Q3 24: Solid, SR growth back on track with MT guidance

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