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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)
  Report
End-of-day quote. End-of-day quote Mexican Stock Exchange - 10/23
13.69 MXN   -1.65%
10/21Communications Services Down On Mixed Earnings -- Communications Services Roundup
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10/21ADRs End Mixed; America Movil, China Unicom Trade Actively
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10/21AMERICA MÓVIL B DE C : Q320 Transcription
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America Móvil B de C : Verizon to buy prepaid phone seller Tracfone for up to $6.9B

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09/14/2020 | 10:47am EDT

Verizon, the country's largest phone company, is buying prepaid phone seller Tracfone for up to $6.9 billion, expanding its low-income customer business.

Tracfone, a subsidiary of Mexico telecom giant America Movil, is a mobile reseller, the largest in the U.S. It doesn't build its own network, instead paying companies like Verizon, AT&T and T-Mobile a fee to use theirs. Nearly two-thirds of Tracfone's 21 million U.S. customers get their service from Verizon via Tracfone renting Verizon's network.

Most U.S. cellphone customers are “postpaid” rather than prepaid — they pay a monthly phone bill. Prepaid customers are more likely to be low-income or have bad credit. Tracfone is a major provider of the U.S. Lifeline service, which discounts phone and internet service for low-income customers. Verizon said Monday that it would continue to offer Lifeline through Tracfone.

The deal consists of $3.1 billion in cash, $3.1 billion in stock and up to $650 million more in cash for America Movil based on the Tracfone business hitting certain performance targets after the sale.

Verizon said it expects the deal to close in the second half of 2021. Regulators must approve it.

Associated Press Writer Mark Stevenson contributed from Mexico City.

Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission., source Associated Press News


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10/15AMÉRICA MÓVIL, S.A.B. DE C.V. : quaterly earnings release
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Financials
Sales 2020 1 019 B 48 811 M 48 811 M
Net income 2020 29 279 M 1 403 M 1 403 M
Net Debt 2020 717 B 34 362 M 34 362 M
P/E ratio 2020 29,1x
Yield 2020 2,78%
Capitalization 909 B 43 520 M 43 559 M
EV / Sales 2020 1,60x
EV / Sales 2021 1,48x
Nbr of Employees 187 383
Free-Float 48,1%
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
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 17,74 MXN
Last Close Price 13,69 MXN
Spread / Highest target 46,1%
Spread / Average Target 29,6%
Spread / Lowest Target 9,57%
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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