Yahoo Finance Amer Movil (AMX) is a Top-Ranked Value Stock: Should You Buy?
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Why Investors Should Pay Attention to This Value Stock
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most discounted stocks.
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 30, 2023, the company had a total of 376.6 million access lines, including 303.2 million wireless subscribers and 73.4 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 sits at a Zacks Rank #3 (Hold), holds a Value Style Score of A, and has a VGM Score of A. Compared to the Wireless Non-US industry's P/E of 10.8X, shares of Amer Movil are trading at a forward P/E of 11X. AMX also has a PEG Ratio of 1.4, a Price/Cash Flow ratio of 4.7X, and a Price/Sales ratio of 1.3X.
Many value investors pay close attention to a company's earnings as well. For AMX, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.10 to $1.66 per share for 2023. Per share AMX boasts an average earnings surprise of 15.3%.
With strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores, investors should strongly think about adding AMX to their portfolios.
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America Movil, S.A.B. de C.V. Unsponsored ADR (AMX) : Free Stock Analysis Report
