|Bid||0.00 x 4000|
|Ask||0.00 x 2200|
|Day's Range||14.52 - 14.76|
|52 Week Range||12.09 - 19.87|
|Beta (3Y Monthly)||0.44|
|PE Ratio (TTM)||36.90|
|Forward Dividend & Yield||0.31 (2.17%)|
|1y Target Est||N/A|
Most Latin American stocks dropped on Wednesday, as shares in heavyweight Brazil ran out of steam and Mexican stocks tumbled, while Latin American currencies softened against a stronger U.S. dollar. Equities ...
Shares in Mexican billionaire Carlos Slim's America Movil tumbled more than 5 percent a day after it reported slightly better than expected fourth quarter profit that did not impress investors disappointed by weak results all year. Striking an optimistic note about the year ahead, executives on Wednesday highlighted the company's recent application for its first Mexican pay television license and forecast higher investments to grow its network. America Movil is controlled by the family of Slim, who was once the world's richest man but whose fortune was diminished by increased competition after Mexican telecommunications reforms.
America Movil reported a net profit of 10.7 billion pesos ($541.7 million) for the fourth quarter on Tuesday, reversing from losses in the year-ago period, when currency swings battered the company's results. The company, Latin America's largest telecommunications firm by number of subscribers and controlled by the family of Mexican billionaire Carlos Slim, reported revenue of 262.3 billion pesos, down slightly from 263.9 billion pesos during the year-ago period. Analysts had expected revenue to decline slightly due to the weakening of Latin American currencies against the dollar during the quarter, ended in December.
A1 Telekom Austria reported a 30 percent fall in its full-year net profit on Tuesday, hurt by investment in digitalisation, restructuring, advertising and higher taxes. Austria's leading telecommunications and data services provider, majority-owned by Mexican tycoon Carlos Slim's America Movil, said it will nonetheless propose to raise its dividend for 2018 by 1 cent to 0.21 euros per share. The company, in which the Austrian state also holds a 28.4 percent stake, said it booked a net profit of 242.7 million euros ($274.7 million) in 2018.
MEXICO CITY—Mexican telecommunications company América Móvil SAB said Thursday it has bought the Guatemalan operations of Telefónica SA, and agreed to acquire the Spanish company’s business in El Salvador. América Móvil, controlled by billionaire Carlos Slim, said it paid $333 million for 100% of Telefónica Móviles Guatemala and has agreed to pay $315 million for 99.3% of Telefónica Móviles El Salvador, which it is buying from Telefónica and several of its affiliates.
Mexico's America Movil said on Thursday it is acquiring Telefonica's operations in Guatemala for $333 million and in El Salvador for $315 million. America Movil, which is controlled by the family of Mexican billionaire Carlos Slim, said in a statement that it will acquire 100 percent of the Guatemalan business and 99.3 percent of the Salvadoran business. The transaction in Guatemala has closed, and the Salvadoran deal is pending regulatory approval, the statement added.
AUSTIN, Texas, Jan. 23, 2019 /PRNewswire/ -- Global HITSS, an América Móvil company, and SparkCognition announce a strategic alliance to expand the use of artificial intelligence applications in companies throughout 25 countries. Global HITSS, a company dedicated to driving a digital society, and SparkCognition, a global company specializing in artificial intelligence solutions, unite their capabilities and experience to support key industries in improving their operational processes, such as customer support and interaction. Global HITSS is working to drive digital transformation in 25 countries throughout the Americas and Europe.
America Movil, the telecoms giant controlled by the family of Mexican billionaire Carlos Slim, said on Thursday that it had been fined nearly $128 million by the country's telecoms regulator, a decision it vowed to fight. In a notice to the Mexican stock exchange, America Movil said its Telmex subsidiary had been slapped with a fine of 2.54 billion pesos ($127.74 million) by Mexico's Federal Telecommunications Institute (IFT). Telmex was penalized for allegedly failing to meet quality standards for the telecoms infrastructure it offered other companies in 2013 and 2014.
America Movil (AMX) is the largest telecommunications company in all of Latin America with over 280 million wireless customers and over 80 million television and internet users across 25 countries. The company dominates its domestic market in Mexico, with north of 65% market share. Warning! GuruFocus has detected 3 Warning Signs with AMX.
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Mexican telecommunications company America Movil expects to increase its returns to shareholders when it meets its target for leverage, the company said on Wednesday, as shares fell after the company's performance fell short of analysts' estimates. In a call with analysts, Chief Financial Officer Carlos Garcia Moreno said the company could reach its leverage target of 1.5 times EBITDA, a closely watched measure of profitability, as soon as the middle of next year. America Movil, which is controlled by the family of Mexican billionaire Carlos Slim, reported a third-quarter net profit of 18.96 billion pesos ($1 billion) on Tuesday.
Mexican telecommunications giant America Movil expects to increase its returns to shareholders when it meets its target for leverage, Chief Financial Officer Carlos Garcia Moreno said during a call with ...
America Movil, Latin America's largest telecommunications firm by number of subscribers, saw its net profit surge in the third quarter as it reaped foreign exchange gains and shifted customers to more lucrative plans. The company, which is controlled by the family of Mexican billionaire Carlos Slim, reported a net profit of 18.96 billion pesos ($1 billion) for the third quarter, rebounding from a loss in the same period last year when its results were battered by a Colombian arbitration panel ruling. America Movil logged revenue of 248.07 billion pesos during the quarter.
A1 Telekom Austria reported a 3 percent fall in its third-quarter operating profit on Tuesday, largely due to restructuring costs. Pro forma figures include effects from mergers and acquisitions carried out between the beginning of last year's period and the end of the reporting period and exclude investments in spectrum and acquisitions, the group said.
AMSTERDAM (Reuters) - Mexican telecommunications company America Movil has cut its stake in Dutch telecoms company KPN to slightly more than 16 percent, a filing at financial watchdog AFM showed. Movil, ...
Billionaire Carlos Slim's America Movil and Mexico's state oil firm have become embroiled in a public fight over a government contract after the telecommunications giant filed complaints and a legal challenge, saying it unfairly lost the bid. A rival group, including a unit of Mexican broadcaster Grupo Televisa (TLVACPO.MX), won a contract in June for nearly $36 million to provide internet security services to the oil company known as Pemex (PEMX.UL). America Movil (AMXL.MX) had presented a cheaper offer of roughly $24.5 million, a company spokesman said, and went on to file complaints against Pemex.
Mexican tycoon Carlos Slim said on Tuesday he sees no risks to his telecoms-to-banking empire from the new left-wing government of Andres Manuel Lopez Obrador, a self-styled radical who clashed with business leaders before his election this month. Slim, whose America Movil owns Mexico's largest telecommunications network, said he had not met with Lopez Obrador, whose landslide victory put him on a path to take office on Dec. 1. "He is proposing, planning important investments before he has even started, which is unusual," Slim said, singling out expected projects in trains, roads and energy.
The CEO of America Movil, Latin America's largest telecommunications company by subscriber numbers, said on Wednesday that AT&T Inc's acquisition of Time Warner will do little to change the telecoms landscape in the region. U.S. telecoms company AT&T closed its deal to buy media company Time Warner for $85 billion last month. "I don't think it's going to affect the market in Latin America," America Movil Chief Executive Daniel Hajj said on a call discussing the company's second-quarter results.