Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Mexican Stock Exchange  >  America Movil SAB de CV    AMX L   MXP001691213

AMERICA MOVIL SAB DE CV (AMX L)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Mexico's Stocks Close Lower as America Movil Slips Further

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/14/2013 | 11:08pm CEST

--IPC index closes down 0.5% at 43,878 points

--America Movil adds to previous session's losses

--Cemex shares rise 2.6% on company's upbeat outlook

By Anthony Harrup

MEXICO CITY--Mexican stocks fell for a fourth consecutive session Thursday, weighed down by further losses in shares of market heavyweight America Movil (AMX, AMX.MX), which had disappointing fourth-quarter earnings earlier in the week.

The IPC index of leading issues closed down 0.5% at 43,878 points on heavy volume of 432.9 million shares worth 14.31 billion pesos ($1.13 billion).

After a 10% slump the previous session, America Movil shares slipped a further 1.3% to close at MXN13.99, their lowest level since August 2011.

The company, controlled by billionaire Carlos Slim, reported a surprise drop in net profit for the fourth quarter as a result of a big financial charge, including exchange losses from the stronger euro. Earnings before taxes, depreciation and amortization fell 8% in the quarter as margins contracted as a result of falling voice traffic and an increase in mobile data usage, which requires greater company subsidies on handsets.

UBS said in a report that it is reviewing its buy recommendation for the shares. "These results, along with doubts as to how its FCF [free cash flow] will be deployed as well as regulatory issues, raise serious concerns," UBS said.

Cement company Cemex (CX, CEMEX.MX) CPO shares were among the top gainers, closing 2.6% higher at MXN13.62.

Cemex Chief Executive Lorenzo Zambrano said at an investor event that the company expects to increase its Ebitda to $4.7 billion in 2016 from $2.6 billion in 2012. Juan Pablo San Agustin, Cemex's executive vice president of planning and business development, said 80% of the incremental Ebitda is expected to come from the Americas, particularly the U.S.

Brewer Modelo (GPMCY, GMODELO.MX) C shares rose 4.4% to MXN113.58 after Constellation Brands and Anheuser-Busch InBev agreed to revised terms for AB InBev's divestiture of Modelo's U.S. assets, as AB Inbev seeks U.S. antitrust approval to buy the half of Modelo it doesn't already own.

"Constellation fully captures the power of Corona brand in the US; and Modelo gets really close to finalizing the deal, without giving up anything on this revised agreement," Credit Suisse analysts said in a note.

The Mexican peso closed little changed against the U.S. dollar, quoted in Mexico City at MXN12.6990, according to Infosel, compared with MXN12.6920 at the close Wednesday.

The peso recovered from some early weakness following unfavorable economic data in the euro zone, Banco Base said in a report.

Write to Anthony Harrup at [email protected]

Stocks mentioned in the article
ChangeLast1st jan.
AMERICA MOVIL SAB DE CV 0.62% 16.23 End-of-day quote.-5.96%
CEMEX SAB DE CV 0.00% 11.91 End-of-day quote.-19.12%
MEXICO IPC 0.42% 45764.5 Real-time Quote.-7.24%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AMERICA MOVIL SAB DE CV
05/08AMERICA MOVIL DE CV : Slim picks Volia as takeover target, sources say
AQ
05/01AMERICA MOVIL DE CV : A1 to connect 300,000 more homes to fibre network
AQ
05/01AMERICA MOVIL DE CV : Flytxt in pact for neon-dx
AQ
04/27AMERICA MOVIL DE CV : América Móvil Informs the Market
BU
04/27AMERICA MOVIL DE CV : América Móvil informs to the market
PU
04/26AMERICA MOVIL DE CV : Dubai AI tech firm Flytxt expands in Latin America
AQ
04/26TELEKOM AUSTRIA : A1 Telekom Austria Group posts 1.2% rise in Q1 revenue
AQ
04/25AMERICA MOVIL DE CV : Claro sales soar 31% in Argentina, Paraguay, Uruguay in Q1
AQ
04/24AMERICA MOVIL DE CV : América Móvil Returns to Profit in First Quarter
DJ
04/22AMERICA MOVIL DE CV : Informs to the Market
AQ
More news
News from SeekingAlpha
04/27Tracking Ken Fisher's Fisher Asset Management Portfolio - Q1 2018 Update 
04/25America Movil SAB de CV (AMX) Q1 2018 Results - Earnings Call Transcript 
04/25America Movil SA de CV reports Q1 results 
04/25America Movil SA de CV reports Q1 results 
04/24America Movil adds wireless subs, beats on revenue in mixed report 
Financials ( MXN)
Sales 2018 1 045 B
EBIT 2018 131 B
Net income 2018 63 707 M
Debt 2018 576 B
Yield 2018 1,96%
P/E ratio 2018 17,18
P/E ratio 2019 15,34
EV / Sales 2018 1,57x
EV / Sales 2019 1,52x
Capitalization 1 069 B
Chart AMERICA MOVIL SAB DE CV
Duration : Period :
America Movil SAB de CV Technical Analysis Chart | AMX L | MXP001691213 | 4-Traders
Technical analysis trends AMERICA MOVIL SAB DE CV
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Average target price 18,1  MXN
Spread / Average Target 13%
EPS Revisions
Managers
NameTitle
Daniel Hajj Aboumrad Chief Executive Officer & Director
Carlos Slim Domit Chairman
Angel Alija Guerrero Chief Wireless Operations Officer
Carlos José García Moreno Elizondo Chief Financial Officer
Luis Alejandro Soberón Kuri Director
Sector and Competitors
1st jan.Capitalization (M$)
AMERICA MOVIL SAB DE CV-5.96%53 865
AT&T-16.18%199 153
CHINA MOBILE LTD.-7.70%191 584
NTT DOCOMO INC5.17%96 956
SOFTBANK GROUP CORP-10.12%84 160
VODAFONE GROUP-16.90%71 192