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America Movil SAB posts

America Movil: Time to Take Some Profits?

Posted Mar 18th 2011 5:30PM by Joseph Lazzaro (RSS feed)
Filed under: Stocks to Sell, Stock Picks

The stock chart of Latin American wireless provider America Movil SAB de CV (AMX), first discussed here on June 24, 2009 at a price of $36.47, appears to have formed a double-top near $60 -- a bearish pattern -- hence those in at/near $36 may wish to consider taking some profits.

However, other investors who can tolerate the risk can maintain their full position in AMX, as longer-term, two to three years out, as new business titan America Movil has a bright future.

In 2011, AMX will likely post 20-25% revenue growth in 2011, following a fantastic 31% surge in 2010. Improving performance in two, key markets -- Brazil and Mexico -- will continue to support revenue growth in 2011. Subscriber growth should remain in the strong 6-8% range, in 2011, with margins dipping slightly, on intensifying competition.

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America Movil: Cell Phone Star of the Americas

Posted Oct 19th 2010 2:00PM by Joseph Lazzaro (RSS feed)
Filed under: Stocks to Buy

High-profile Latin American wireless service provider America Movil SAB de CV (AMX), first mentioned here on June 24, 2009, at a price of $36.47, has broken out of a summer-long trading range, and I obviously still like the shares here.

America Movil remains a new business titan with promise. In 2010, AMX will likely post 7% to 9% revenue growth, followed by 10% to 12% revenue growth in 2011, led by improving performance in two, key markets: Brazil and Mexico. Subscriber growth should remain in the strong 9% to 11% range in 2010, and margins will likely increase slightly.

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America Movil: Promising Latin American Wireless Play

Posted Jun 15th 2010 4:30PM by Joseph Lazzaro (RSS feed)
Filed under: Stocks to Buy

High-profile Latin American wireless provider America Movil SAB de CV (AMX), first discussed here on June 24, 2009 at a price of $36.47, has weathered the market's recent gyrations very well, and I obviously still like the shares here.

America Movil remains a new business titan with promise. Look for America Movil to post 10-12% revenue growth in 2010, followed by 11-14% revenue growth in 2011, led by improving performance in two, key markets: Brazil and Mexico. Subscriber growth should remain in the strong 9-11% range, in 2010, and margins will likely increase slightly.

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America Movil's $4 Billion Bond Offering Shows Capital Is Out There

Posted Mar 25th 2010 4:30PM by Joseph Lazzaro (RSS feed)
Filed under: Financial Crisis

The credit crunch persists in the United States -- just ask some small businesses in your area on the efforts to secure additional credit for their operations -- but the emerging market debt market is showing both signs of recovery and capital waiting for deployment.

One example: America Movil SAB (AMX), Latin America's largest cell phone company, with 205 million subscribers, has raised $4 billion in the largest emerging market bond sale of the year, Bloomberg News reported.

America Movil's shares rose 23 cents to $49.64 in Thursday afternoon trading.

Continue reading America Movil's $4 Billion Bond Offering Shows Capital Is Out There

America Movil: Latin American Wireless Provider Extraordinaire

Posted Mar 11th 2010 6:00PM by Joseph Lazzaro (RSS feed)
Filed under: Stocks to Buy

Premiere Latin American wireless provider America Movil SAB de CV (AMX), first mentioned here on June 24, 2009 at a price of $36.47, remains a new business titan with promise.

Look America Movil to post 10-12% revenue growth in 2010, followed by 11-14% revenue growth in 2011, led by improving performance in two, key markets: Brazil and Mexico. Subscriber growth should remain in the strong 9-11% range.

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America Movil Is Undervalued

Posted Dec 23rd 2009 4:20PM by Joseph Lazzaro (RSS feed)
Filed under: Stocks to Buy

America Movil SAB de CV (AMX), the leading wireless provider in Latin America, continues to capitalize on its prospects for new business in the region, which is a major reason I'm reiterating my buy rating for the company's shares, first recommended on June 24, 2009, at a price of $36.47. If you bought AMX in June, you're up about 30%.

Look for 14-16% revenue growth in 2009 with AMX, followed by 10-12% revenue growth in 2010, led by improving performance in two, key markets: Brazil and Mexico. Subscriber growth should remain in the strong 9-11% range in 2010.

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America Movil's stage is all of Latin America

Posted Jun 24th 2009 1:00PM by Joseph Lazzaro (RSS feed)
Filed under: Stocks to Buy

Readers of this space know that the investment bias favors U.S.-based companies, but there are exceptions, and America Movil SAB de CV (NYSE: AMX) is one.

America Movil, or just Movil, the largest cell phone service provider in Latin America, is another one of those large caps that was rudely treated by Wall Street, which took shares down to about $25 from the mid-$60s in FY2008.

Continue reading America Movil's stage is all of Latin America