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    AMX L   MXP001691213

AMÉRICA MÓVIL, S.A.B. DE C.V.

(AMX L)
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Mexico's America Movil - Hybrid bond aims to help rating

09/02/2013 | 04:26pm EDT
Director of finance of America Movil Carlos Garcia Moreno attends the Reuters Latin American Investment Summit in Mexico City

MEXICO CITY (Reuters) - A three-part sterling and euro hybrid bond that Mexico's America Movil (>> America Movil SAB de CV) announced on Monday is aimed at preserving the company's credit rating and not linked to any particular pending deals, Chief Financial Officer Carlos Garcia Moreno said.

MEXICO CITY (Reuters) - A three-part sterling and euro hybrid bond that Mexico's America Movil (>> America Movil SAB de CV) announced on Monday is aimed at preserving the company's credit rating and not linked to any particular pending deals, Chief Financial Officer Carlos Garcia Moreno said.

The issue by billionaire Carlos Slim's telecoms giant, totaling 1.45 billion euros and 550 million pounds sterling, is part of a wider strategy to substitute short-term for longer-term debt, Garcia Moreno told Reuters in a telephone interview.

"(It is) optimization of our balance to bring us back to the leverage levels ratings agencies have fixed for our rating," he said.

"The intention is not to use (the money) for anything else," he added, when asked if the issue was aimed at raising funds for America Movil's proposed 7.2 billion euro buyout of Dutch telecom KPN (>> KPN KON) or another European transaction.

(Reporting by Simon Gardner; Editing by Peter Cooney)

Stocks treated in this article : KPN KON, America Movil SAB de CV
Valeurs citées dans l'article : KPN KON, America Movil SAB de CV

© Reuters 2013
Stocks mentioned in the article
ChangeLast1st jan.
AMÉRICA MÓVIL, S.A.B. DE C.V. -0.13% 15.78 End-of-day quote.8.90%
KONINKLIJKE KPN N.V. -1.28% 2.618 Real-time Quote.5.27%
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Financials
Sales 2021 972 B 47 048 M 47 048 M
Net income 2021 84 189 M 4 075 M 4 075 M
Net Debt 2021 562 B 27 184 M 27 184 M
P/E ratio 2021 13,3x
Yield 2021 2,75%
Capitalization 1 044 B 50 334 M 50 531 M
EV / Sales 2021 1,65x
EV / Sales 2022 1,58x
Nbr of Employees 184 100
Free-Float 48,0%
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
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 17,54 MXN
Last Close Price 15,78 MXN
Spread / Highest target 26,7%
Spread / Average Target 11,2%
Spread / Lowest Target -0,51%
EPS Revisions
Managers and Directors
NameTitle
Daniel Hajj Aboumrad Chief Executive Officer & Director
Carlos José García Moreno Elizondo Chief Financial Officer
Carlos Slim Domit Chairman
David Antonio Ibarra Muñoz Independent Director
Pablo Roberto González Guajardo Independent Director
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