Here's Why Amer Movil (AMX) is a Strong Value Stock
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why Investors Should Pay Attention to This Value Stock
Different than growth or momentum investors, value-focused investors are all about finding good stocks at good prices, and discovering which companies are trading under what their true value is before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to help pick out the most attractive and discounted stocks.
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 is a Zacks Rank #2 (Buy) stock, with a Value Style Score of A and VGM Score of A. Shares are currently trading at a forward P/E of 11.9X for the current fiscal year compared to the Wireless Non-US industry's P/E of 10.4X. Additionally, AMX has a PEG Ratio of 1.5 and a Price/Cash Flow ratio of 4.9X. Value investors should also note AMX's Price/Sales ratio of 1.4X.
Value investors don't just pay attention to a company's valuation ratios; positive earnings play a crucial role, too. One analyst revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.04 to $1.60 per share. AMX has an average earnings surprise of 15.3%.
Investors should take the time to consider AMX for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.
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America Movil, S.A.B. de C.V. Unsponsored ADR (AMX) : Free Stock Analysis Report
