Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Mexico
  4. Mexican Stock Exchange
  5. América Móvil, S.A.B. de C.V.
  6. News
  7. Summary
    AMX L   MXP001691213

AMÉRICA MÓVIL, S.A.B. DE C.V.

(AMX L)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

America Movil Third Quarter Net Profit Lower on Exchange Losses

10/19/2021 | 04:21pm EST

By Anthony Harrup

MEXICO CITY--Mexican telecommunications company America Movil SAB reported a 16% drop in third-quarter net profit on higher exchange losses than in the year-earlier quarter.

The company, controlled by billionaire Carlos Slim, had profit of 15.8 billion Mexican pesos ($781 million) for the July-September period, compared with 18.9 billion pesos in the third quarter of 2020. Profit was equivalent to 0.24 pesos a share or 24 U.S. cents per American depositary receipt.

Exchange losses contributed to a 12% increase in overall financial costs to 25.1 billion pesos.

Revenue fell 2.6% to 253.4 billion pesos, negatively affected by the peso's appreciation from a year before against other currencies in which the company operates. In local currency terms, service revenue was up 4.5% from the third quarter of 2020.

Earnings before interest, taxes, depreciation and amortization, a measure of operating cash flow, rose 1.3% from a the year-earlier quarter to 87.6 billion pesos.

America Movil added 4.2 million wireless subscribers in the quarter for a total of 301.9 million in Latin America, the U.S. and Europe. Brazil accounted for about half of the company's 2.2 million new postpaid wireless subscribers in the quarter, while Mexico led the increase in prepaid customers with growth of 577,000.

Subscriptions to fixed-line services grew by 57,000 to 80.6 million, with 252,000 new broadband connections partly offset by a reduction in the number of pay TV and fixed-phone-line subscriptions. Brazilians continued to cut the costs of their pay-TV plans, reflecting the growing share of streamed content against traditional cable TV, America Movil said.

Write to Anthony Harrup at anthony.harrup@wsj.com

(END) Dow Jones Newswires

10-19-21 1821ET

All news about AMÉRICA MÓVIL, S.A.B. DE C.V.
11/26Am?rica M?vil, S.A.B. De C.V. Announces Notice of Redemption to Holders of 3.125% Senio..
CI
11/24Verizon Communications Files Automatic Shelf Filing For Potential Common Share Sale By ..
MT
11/23Am?rica M?vil, S.A.B. de C.V. Announces Notice of Redemption to Holders of 4.75% Senior..
CI
11/23Communications services Down On Rotation Out Of Growth Sectors -- Communications Servic..
DJ
11/23Verizon Communications Closes TracFone Acquisition, Shares Rise
MT
11/23AMERICA MÓVIL B DE C : América Móvil completes sale of Tracfone to Verizon
PU
11/23Am?rica M?vil, S.A.B. De C.V. Announces Board Appointments
CI
11/22AMERICA MÓVIL B DE C : América Móvil increases buyback fund and appoints new board members
PU
11/22U.S. FCC approves Verizon acquisition of TracFone Wireless
RE
11/19U.S. FCC chair circulates order to approve Verizon TracFone deal
RE
More news
Analyst Recommendations on AMÉRICA MÓVIL, S.A.B. DE C.V.
More recommendations
Financials
Sales 2021 1 015 B 46 863 M 46 863 M
Net income 2021 88 522 M 4 086 M 4 086 M
Net Debt 2021 556 B 25 668 M 25 668 M
P/E ratio 2021 14,1x
Yield 2021 3,18%
Capitalization 1 206 B 55 380 M 55 651 M
EV / Sales 2021 1,74x
EV / Sales 2022 1,73x
Nbr of Employees 182 858
Free-Float 47,3%
Chart AMÉRICA MÓVIL, S.A.B. DE C.V.
Duration : Period :
América Móvil, S.A.B. de C.V. Technical Analysis Chart | AMX L | MXP001691213 | MarketScreener
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
Last Close Price 18,61 MXN
Average target price 20,42 MXN
Spread / Average Target 9,70%
EPS Revisions
Managers and Directors
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
Sector and Competitors
1st jan.Capi. (M$)
AMÉRICA MÓVIL, S.A.B. DE C.V.28.43%55 164
AT&T INC.-15.79%172 955
T-MOBILE US-15.81%141 805
SOFTBANK GROUP CORP.-22.96%95 787
KDDI CORPORATION9.26%67 634
VODAFONE GROUP PLC-9.36%39 864