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4-Traders Homepage  >  Equities  >  BOLSA MEXICANA DE VALORES (MEXICAN STOCK EXCHANGE)  >  America Movil SAB de CV    AMX L   MXP001691213

End-of-day quote. End-of-day quote  - 07/28
11.05 MXN   -2.64%
12:57p AMERICA MOVIL S : agrees to trim Telekom Austria stake
03:05aDJAmé rica Mó vil's Net Profit Falls as Mexico Weighs on Earnings
02:13aDJAMERICA MOVIL S : Net Profit Falls as Mexico Weighs on Earnings
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Mexico's Stocks Close Lower as America Movil Slips Further

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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 anthony.harrup@dowjones.com

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Latest news on AMERICA MOVIL SAB DE CV
12:57p AMERICA MOVIL SAB DE CV : agrees to trim Telekom Austria stake
03:05aDJAmé rica Mó vil's Net Profit Falls as Mexico Weighs on Earnings
02:13aDJAMERICA MOVIL SAB DE CV : Net Profit Falls as Mexico Weighs on Earnings
07/28 AMERICA MOVIL SAB DE CV : América Móvil announces sell down of its current share..
07/25 TELEKOM AUSTRIA : reports 1% fall in H1 revenue, EBITDA
07/12 AMERICA MOVIL SAB DE CV : ex-dividend day for interim dividend
07/08 AMERICA MOVIL SAB DE CV : IFT inicia consulta sobre infraestructura de preponder..
07/01 TELEKOM AUSTRIA : VIPnet to test DOCSIS 3.1
07/01 Deutsche Telekom looks to sell off German mobile masts - sources
06/30 AMERICA MOVIL SAB DE CV : FCC fines America Movil over Puerto Rico ownership blu..
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News from SeekingAlpha
09:22a PREMARKET GAINERS / LOSERS AS OF 9 : 15 am
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Financials ( MXN)
Sales 2016 911 698 M
EBIT 2016 127 619 M
Net income 2016 58 398 M
Debt 2016 567 419 M
Yield 2016 2,61%
P/E ratio 2016 11,42
P/E ratio 2017 10,83
EV / Sales 2016 1,42x
EV / Sales 2017 1,36x
Capitalization 729 711 M
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America Movil SAB de CV Technical Analysis Chart | AMX L | MXP001691213 | 4-Traders
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Technical analysis trends AMERICA MOVIL SAB...
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Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Average target price 13,6  MXN
Spread / Average Target 23%
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Managers
NameTitle
Daniel Hajj Aboumrad Chief Executive Officer & Director
Carlos Slim Domit Chairman
Óscar von Hauske Solís Chief Operating Officer & Director
Angel Alija Guerrero Chief Wireless Operations Officer
Carlos José García Moreno Elizondo Chief Financial Officer
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