America Movil, S.A.B. de C.V. (AMX) Stock Price & How to Invest

America Movil, S.A.B. de C.V. (AMX) is the largest telecommunications company in Latin America, headquartered in Mexico City and controlled by the Slim family. It provides wireless service under the Telcel brand in Mexico and the Claro brand across most of Latin America, alongside fixed-line telephone, broadband, and pay-TV services (including Telmex in Mexico) and enterprise and cloud solutions. As of the end of 2025 the company served roughly 331 million wireless subscribers and about 79 million fixed revenue-generating units across markets spanning Mexico, Brazil, Colombia, Argentina, the Andean and Central American regions, the Caribbean, and several countries in Central and Eastern Europe. The US-listed security is an ADR that trades on the NYSE and represents a block of the company's underlying Mexican shares.

The investment picture is that of a mature, scaled telecom that competes on network quality and bundling of mobile, broadband, and pay-TV. Growth is driven by postpaid mobile, broadband, and rising data usage rather than raw subscriber additions in saturated markets, and management has focused on deleveraging and free-cash-flow generation. Because most revenue and costs are in Latin American currencies while the ADR and dividend are reported in US dollars, reported results and the stock are heavily influenced by the Mexican peso and other regional exchange rates, along with regulatory conditions and competition in each market.

In 2026 the operating numbers have kept growing in pesos while reported EPS has lagged forecasts. Second-quarter revenue was about Ps.241 billion, up about 3% year over year, and net income was about Ps.24.3 billion, but EPS of about $0.47 per ADR came in below the roughly $0.52 consensus, the third straight quarter short of estimates. Over the trailing twelve months revenue is about Ps.956 billion and net income about Ps.89.6 billion. The ADR fell about 10% in the weeks after the Q2 report, then JPMorgan upgraded it to overweight in August with a $32 target. In Mexico, new prepaid registration rules have become a factor for subscriber trends, and on October 13, 2026 AT&T agreed to sell AT&T Mexico, a direct Telcel competitor, to Grupo Televisa and Fintech Holdings.

The dominant risk is currency: most revenue is earned in Latin American currencies while the ADR and dividend are in US dollars, so a strong Mexican peso or weak regional currencies can swing reported earnings, as EPS misses in each quarter from late 2025 through Q2 2026 showed. The company is deemed to be controlled by the Slim family, so minority ADR holders have limited influence over strategy and governance. Telecom is capital-intensive and heavily regulated, and America Movil's leading market positions attract antitrust and pricing scrutiny in Mexico and other countries. Competition from rivals such as Telefonica, AT&T's Mexican unit (which AT&T agreed in October 2026 to sell to Grupo Televisa and Fintech Holdings), Brazilian carriers and local operators pressures pricing, new prepaid registration rules in Mexico could disrupt subscriber counts, and macroeconomic or political instability across Latin America can dampen demand and complicate operations.

15 analysts publish price targets on AMX, averaging $29.34 against a $22.91 price as of October 2026, or +28.1%. The published targets run from $20.80 to $35.00, a moderate spread, and the ratings split 8 buy, 5 hold, 0 sell. Over the last six months there have been 3 raises and 1 cut among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full AMX forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on America Movil, S.A.B. de C.V.. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Postpaid and data-led revenue growth. Rather than adding subscribers in already-saturated markets, America Movil grows revenue by shifting users to higher-value postpaid plans and by monetizing rising mobile-data and broadband usage. The most optimistic published target, $35.00, assumes this works close to its best case.

The case against. The dominant risk is currency: most revenue is earned in Latin American currencies while the ADR and dividend are in US dollars, so a strong Mexican peso or weak regional currencies can swing reported earnings, as EPS misses in each quarter from late 2025 through Q2 2026 showed. The most pessimistic target, $20.80, is roughly what AMX is worth if this bites instead.

Read the full bull and bear case on AMX, including what would have to change to break either one. Walnut is not an investment adviser.

No. America Movil, S.A.B. de C.V. (AMX) has not split its stock in the last 10 years. That is a statement about the window we check rather than about the company’s entire history, so an older split is possible. It also matters less than it once did: fractional shares mean a high price per share no longer keeps smaller investors out, which removed most of the practical reason to split.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see America Movil, S.A.B. de C.V.'s investor relations page or your broker.

• Revenue (TTM): ~Ps.956 billion (Q2 2026 up ~3% year over year)
• Revenue (2025): ~Ps.944 billion (~$50 billion USD)
• Net income (TTM): ~Ps.89.6 billion (profit margin ~9%)
• EPS (Q2 2026, per ADR): ~$0.47 vs ~$0.52 expected
• P/E (trailing / forward): ~14x / ~11x
• Market cap: ~$68 billion
• Dividend yield: ~2.6% (~$0.59 per ADR annually)

America Movil trades at about 14 times trailing and 11 times forward earnings, at or below large telecom peers, with a dividend yield near 2.6% and a payout ratio around 37%. Reported figures are dominated by the Mexican peso conversion, so US-dollar ADR results can move even when local-currency operations are stable. Consensus expects EPS to rise to about $1.87 in 2026 and about $2.07 in 2027, so the forward multiple assumes the recent run of misses ends.

Other names that sit close to AMX: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get AMX exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so AMX sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where AMX fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

America Movil (AMX) is a dominant, cash-generative Latin American telecom trading as a US-listed ADR, and in a portfolio it tends to act as an emerging-markets telecom and dividend holding whose results swing with the Mexican peso and regional demand.

Whether AMX is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is AMX a buy or a sell?, and where the stock could go from here in the AMX stock forecast.

For income investors, whether AMX pays a dividend and how the payout looks is covered in does AMX pay a dividend? And to weigh AMX against a peer, read the full side-by-side comparisons: AMX vs T and AMX vs VOD.