America Movil: Slow And Steady Can Still Win Some Races

Business

I wasn’t expecting a lot from America Movil (NYSE:AMX) when I last wrote about this Mexico-based telecom operator, characterizing it as a defensive name with a little upside. Since then the shares have climbed about 10%, outperforming other LatAm telcos like Telefonica Brasil (VIV) and TIM SA (TIMB), but delivering a more mixed performance against other emerging market telco providers like Turkcell (TKC), Bharti Airtel, Vodacom (OTCPK:VDMCY), and PT Telekom Indonesia (TLK) (better than the last two, worse than the first two).

seekingalpha.com     Jul 18, 2024