Why This 1 Growth Stock Could Be a Great Addition to Your Portfolio
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Why This 1 Growth Stock Should Be On Your Watchlist
Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Amer Movil (AMX)
Based in Mexico City, America Movil is the leading provider of integrated telecommunications services in Latin America. It offers enhanced communications solutions in 25 countries in Latin America, the United States and Central and Eastern Europe. As of Jun 30, 2023, the company had a total of 376.6 million access lines, including 303.2 million wireless subscribers and 73.4 million fixed-line revenue generating units (RGUs). America Movil was established in September 2000 as a spin-off from Teléfonos de México (Telmex), the dominant provider of local and long-distance telephone services in Mexico. Since inception, the company has expanded rapidly through acquisitions to become a leading Latin American regional wireless carrier.
AMX boasts a Growth Style Score of A and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Its bottom-line is projected to rise 26.4% year-over-year for 2023, while Wall Street anticipates its top line to improve by 8.7%.
Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.07 to $1.63 per share. AMX boasts an average earnings surprise of 15.3%.
Looking at cash flow, Amer Movil is expected to report cash flow growth of 8% this year; AMX has generated cash flow growth of 3.6% over the past three to five years.
Investors should take the time to consider AMX for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
America Movil, S.A.B. de C.V. Unsponsored ADR (AMX) : Free Stock Analysis Report
