Yahoo Finance Here's Why Amer Movil (AMX) is a Strong Growth Stock
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Why This 1 Growth Stock Should Be On Your Watchlist
For growth investors, a company's financial strength, overall health, and future outlook take precedence, so they'll want to zero in on the Growth Style Score. This Score examines things like projected and historical earnings, sales, and cash flow to find stocks that will generate sustainable growth over time.
Amer Movil (AMX)
Based in Mexico City, America Movil is the leading provider of integrated telecommunications services in Latin America. It offers enhanced communications solutions in 25 countries in Latin America, the United States and Central and Eastern Europe. As of Jun 31, 2022, the company had a total of 380.4 million access lines, which includes 305.7 million wireless subscribers and 74.6 million fixed-line revenue generating units (RGUs). America Movil was established in September 2000 as a spin-off from Teléfonos de México (Telmex), the dominant provider of local and long-distance telephone services in Mexico. Since inception, the company has expanded rapidly through acquisitions to become a leading Latin American regional wireless carrier.
AMX is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of B and VGM Score of B. Earnings are expected to grow 8.5% year-over-year for the current fiscal year, with sales growth of 3.4%.
One analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.01 to $1.40 per share for 2023. AMX boasts an average earnings surprise of 0.6%.
Amer Movil is also cash rich. The company has generated cash flow growth of 3.1%, and is expected to report cash flow expansion of 5.4% in 2023.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, AMX should be on investors' short lists.
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America Movil, S.A.B. de C.V. Unsponsored ADR (AMX) : Free Stock Analysis Report
