América Móvil, S.A.B. de C.V. · AMX · FY2024 Q3 · Calendar Q4 2024
América Móvil: Growth led by postpaid and broadband expansion
The call supports a constructive operating thesis for América Móvil: postpaid, broadband, fiber and bundled services are driving growth while management maintains its capital-expenditure and leverage framework. The main counterweights are competition, churn, prepaid weakness and currency exposure.
Earnings scorecard
Reported versus consensusMarket reaction
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Transcript intelligence
What changed
Compared with the prior-quarter analysis, the current call showed stronger reported growth, continued fiber expansion and a maintained CapEx plan. Management's emphasis shifted toward upselling and bundled streaming, while leverage remained at the lower end of its target range.
Guidance delta
Management maintained its CapEx and leverage targets, with CapEx described as on target at roughly $7.2 billion for the year.
Key takeaways
- Management described strong growth in mobile postpaid and fixed broadband.
- Fiber penetration was reported at about 84% of customers, while bundled streaming packages are intended to support broadband appeal.
- Management emphasized upselling rather than price increases and said leverage remained at the lower end of its target range.
Management priorities
- Continue fiber rollout and expand coverage beyond 84%.
- Expand 5G capacity and cell sites in key markets.
- Consolidate Chile operations, pursue synergies and maintain capital-return objectives.
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Analyst 52W Price Targets
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 26, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| UBS | Buy | Buy | Maintain | Oct 22, 2026 |
| JP Morgan | Overweight | Neutral | Upgrade | Aug 18, 2026 |
| Scotiabank | Sector Perform | Sector Perform | Maintain | May 27, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Oct 6, 2025 |
| Citigroup | Neutral | Buy | Downgrade | Sep 10, 2025 |
| HSBC | Buy | Hold | Upgrade | Apr 14, 2025 |
| Jefferies | Buy | Hold | Upgrade | Feb 16, 2024 |
| B of A Securities | Buy | Neutral | Upgrade | Oct 5, 2023 |
| New Street Research | Buy | Neutral | Upgrade | May 16, 2023 |
| LightShed Partners | Neutral | Neutral | Maintain | Mar 24, 2023 |
| Barclays | Overweight | Overweight | Maintain | Oct 17, 2022 |
| Piper Sandler | Buy | Neutral | Upgrade | Sep 20, 2022 |
| Itau BBA | Market Perform | Outperform | Downgrade | Oct 6, 2021 |
| Bradesco | Neutral | Neutral | Maintain | Nov 26, 2018 |
| Bank of America | Buy | Buy | Maintain | Aug 7, 2018 |
| Deutsche Bank | Hold | Hold | Maintain | Jun 25, 2018 |
| Morgan Stanley | Overweight | Equal Weight | Upgrade | Aug 10, 2017 |
| Credit Suisse | Neutral | Neutral | Maintain | Jul 10, 2017 |
| BTIG Research | Neutral | Neutral | Maintain | Jun 22, 2016 |
| Macquarie | Neutral | Outperform | Downgrade | Nov 17, 2015 |
| RBC Capital | Underperform | Underperform | Maintain | Apr 27, 2015 |
| BBVA | Underperform | Outperform | Downgrade | Aug 14, 2013 |
| Bernstein | Underperform | Underperform | Maintain | Apr 15, 2013 |
Named analyst price targets
Upside is calculated against the persisted previous close $24.57. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Leonardo Olmos | $31 | $24 | +26.2% | Oct 22, 2026 |
| Banco Santander | Analyst unavailable | $27 | $23.22 | +9.9% | Aug 13, 2026 |
| New Street | Chris Hoare | $35 | $26.79 | +42.5% | Jun 17, 2026 |
| Scotiabank | Andres Coello | $20.8 | $25.94 | -15.3% | May 27, 2026 |
| Goldman Sachs | Analyst unavailable | $31.8 | $26.59 | +29.4% | May 18, 2026 |
| UBS | Leonardo Olmos | $31.5 | $26.15 | +28.2% | Apr 23, 2026 |
| UBS | Analyst unavailable | $30 | $23.76 | +22.1% | Feb 24, 2026 |
| Banco Santander | Analyst unavailable | $22 | $21.38 | -10.5% | Dec 12, 2025 |
| Goldman Sachs | Analyst unavailable | $24.3 | $22.27 | -1.1% | Oct 22, 2025 |
| Scotiabank | Analyst unavailable | $19.5 | $22.22 | -20.6% | Oct 16, 2025 |
| UBS | Analyst unavailable | $23.6 | $21.56 | -3.9% | Oct 16, 2025 |
| UBS | Leonardo Olmos | $19.6 | $17.59 | -20.2% | May 21, 2025 |
| Scotiabank | Andres Coello | $17.3 | $16.54 | -29.6% | Oct 16, 2024 |
| Scotiabank | Andres Coello | $17.8 | $16.75 | -27.6% | Sep 20, 2024 |
| Citigroup | Andrés Cardona | $20.5 | $16.44 | -16.6% | Sep 3, 2024 |
| Scotiabank | Andres Coello | $18.9 | $18.17 | -23.1% | Jul 17, 2024 |
| Scotiabank | Andres Coello | $19 | $16.84 | -22.7% | Jun 25, 2024 |
| Scotiabank | Andres Coello | $19.6 | $16.95 | -20.2% | Jun 14, 2024 |
| Goldman Sachs | Vitor Tomita | $22 | $19.2 | -10.5% | Apr 29, 2024 |
| Scotiabank | Andres Coello | $17.2 | $18 | -30.0% | Apr 25, 2024 |
| Jefferies | Alex Wright | $22.22 | $18.24 | -9.6% | Feb 16, 2024 |
| Banco Santander | Felipe Cheng | $26 | $19.86 | +5.8% | Nov 16, 2022 |
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Start freeCompany context
Snapshot as of publicationAmérica Móvil, S.A.B. de C.V. (AMX) stands as a prominent telecommunications conglomerate, extending its services across Latin America and into various international markets. The company's diverse portfolio includes both mobile and fixed-line voice communication, covering local, national, and international calls, along with essential network interconnection facilities. It delivers an extensive range of data solutions, such as operating data centers, providing data administration, and offering hosting services for both individual consumers and corporate entities. A broad spectrum of value-added offerings is also available, encompassing internet access, various messaging options, wireless entertainment, and customized corporate services. These offerings further extend to data transmission, email, real-time chat, streaming media, and interactive applications.…
Historical context
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Latest beats and misses
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Missed on EPS
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-10-17T05:10:49.140638+00:00
- Polygon adjusted daily market bars · 2026-10-26T11:20:43.574401+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-26T11:20:43.571287+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-26. For educational purposes only; not investment advice.