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MarketScreener Homepage  >  Equities  >  Mexican Stock Exchange  >  América Móvil, S.A.B. de C.V.    AMX L   MXP001691213

AMÉRICA MÓVIL, S.A.B. DE C.V.

(AMX L)
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America Móvil B de C : Movil's quarterly profit rises as coronavirus measures ease

10/20/2020 | 05:09pm EST

MEXICO CITY, Oct 20 (Reuters) - Mexican telecommunications giant America Movil on Tuesday said its net profit jumped nearly 45% in the third quarter, boosted by relaxed coronavirus lockdown measures across its key markets.

The company, which is controlled by the family of Mexican billionaire Carlos Slim, also reported sales of 260.2 billion pesos, up 4.7% from the same quarter last year.

Its net profit rose to 18.86 billion Mexican pesos ($853.2 million) from 13 billion pesos a year before.

Earnings before interest, tax, depreciation and amortization (EBITDA) grew 10.1% in peso terms during the July to September period, beating analyst estimates.

"The third quarter saw a rebound in economic activity in most countries in our region of operation and little of the volatility that was present in the prior two quarters," the company said in a statement.

America Movil's base of postpaid customers grew 5.7%, led by Brazil and followed by Austria and Colombia.

In the core market of Mexico, the company made up for lost customers in the second quarter, adding 1.2 million wireless subscribers, mostly prepaid clients.

($1= 22.1050 pesos at end-September)

(Reporting by Daina Beth Solomon and Noe Torres; Editing by Sam Holmes)


© Reuters 2020
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Financials
Sales 2020 1 022 B 50 970 M 50 970 M
Net income 2020 34 207 M 1 705 M 1 705 M
Net Debt 2020 646 B 32 204 M 32 204 M
P/E ratio 2020 23,7x
Yield 2020 2,06%
Capitalization 987 B 49 172 M 49 214 M
EV / Sales 2020 1,60x
EV / Sales 2021 1,58x
Nbr of Employees 187 383
Free-Float 48,5%
Chart AMÉRICA MÓVIL, S.A.B. DE C.V.
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América Móvil, S.A.B. de C.V. Technical Analysis Chart | MarketScreener
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Technical analysis trends AMÉRICA MÓVIL, S.A.B. DE C.V.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 17,91 MXN
Last Close Price 14,74 MXN
Spread / Highest target 42,5%
Spread / Average Target 21,5%
Spread / Lowest Target 1,76%
EPS Revisions
Managers
NameTitle
Daniel Hajj Aboumrad Chief Executive Officer & Executive Director
Carlos Slim Domit Chairman
Carlos José García Moreno Elizondo Chief Financial Officer
Luis Alejandro Soberón Kuri Director
David Antonio Ibarra Muñoz Independent Director
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