America Movil, S.A.B. de C.V. (AMX) Stock Price & How to Invest
Last updated July 2026
Short answer
You can invest in America Movil (AMX) by buying the NYSE-listed ADR at any major US broker, through an emerging-markets or telecom ETF that holds it, or as one position in a thematic basket. AMX is the largest wireless and fixed-line telecom operator in Latin America (Telcel in Mexico, Claro across the region), so it behaves like a large-cap, dividend-paying, cash-generative telecom with heavy exposure to the Mexican peso and Latin American economies rather than a high-growth tech name.
AMX stock price
As of 2026-07-17, America Movil, S.A.B. de C.V. (AMX) last closed at $26.27, up 53.5% over the past year. Over the past 52 weeks it has traded between $17.00 and $27.75.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or America Movil, S.A.B. de C.V.'s investor relations page. Walnut is informational, not investment advice.
What does America Movil, S.A.B. de C.V. (AMX) do?
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.
What's driving America Movil, S.A.B. de C.V. (AMX)?
1. 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. In 2025 postpaid revenue grew roughly 9% and broadband revenue grew close to 10% at constant exchange rates, showing the mix shift is working even as prepaid voice matures.
2. Free cash flow and deleveraging.
The company has prioritized generating free cash flow and reducing net debt, with 2025 free cash flow up sharply and net debt declining. Strong cash generation funds network investment, dividends, and buybacks, and a lighter debt load reduces sensitivity to interest rates and currency swings on foreign-currency borrowings.
3. Fixed-mobile convergence and enterprise.
Bundling mobile, fiber broadband, and pay-TV increases revenue per household and lowers churn. Continued fiber build-outs and enterprise services (data, cloud, and connectivity for businesses) give America Movil additional revenue streams beyond consumer wireless across its large regional footprint.
4. Regional scale and pricing power.
As the market leader in many of its countries, America Movil benefits from network scale, brand strength (Telcel, Claro), and spectrum holdings that are hard for smaller rivals to match. That scale supports margins and gives some pricing power, though regulators in several markets watch its dominant positions closely.
What are the risks to America Movil, S.A.B. de C.V. (AMX)?
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 a currency-driven EPS miss in early 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, and local carriers pressures pricing, and macroeconomic or political instability across Latin America can dampen demand and complicate operations.
How is America Movil, S.A.B. de C.V. (AMX) valued? (approximate, July 2026)
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 (2025): ~Ps.944 billion (~$50 billion USD)
- Net profit (2025): ~Ps.88 billion (~$4.6 billion USD)
- Wireless subscribers: ~331 million
- Market cap: ~$75-80 billion
- P/E (TTM): ~15-16x
- Dividend yield: ~2%
America Movil trades at a mid-teens earnings multiple, roughly in line with large telecom peers and below high-growth tech. Reported figures are dominated by the Mexican peso conversion, so US-dollar ADR results can move even when local-currency operations are stable. Free cash flow rose meaningfully in 2025 while net debt fell, supporting the dividend and buybacks.
Who competes with America Movil, S.A.B. de C.V. (AMX)?
Latin American and global telecom rivals
Telefonica (Movistar/Vivo), AT&T's Mexican mobile unit, TIM Brasil, and various national carriers compete directly with Telcel and Claro across mobile and broadband, pressuring pricing and market share in individual countries.
Fixed broadband and pay-TV providers
Regional cable and fiber operators (such as Megacable in Mexico and cable players in Brazil and Colombia) compete with Telmex and Claro's fixed-line, broadband, and pay-TV bundles as households upgrade to faster internet.
Other emerging-market telecom holdings
For US investors, AMX competes for capital against other large emerging-market and global telecom stocks and against telecom or emerging-markets ETFs, where it is often weighed on yield, growth, and currency exposure.
How to invest in America Movil, S.A.B. de C.V. (AMX)
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 basket, so AMX sits alongside other stocks that express the same thesis.
Walnut takes the basket 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.
The bottom line on America Movil, S.A.B. de C.V. (AMX)
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.
More on America Movil, S.A.B. de C.V. (AMX)
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?, 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?
Build a basket around AMX with Walnut
Use America Movil, S.A.B. de C.V. as one constituent in a thematic basket Walnut's AI helps you assemble. Describe a thesis you believe in, the AI proposes the holdings and weights, and you approve before any broker order.
FAQ
What does America Movil (AMX) do?
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It is the largest telecommunications operator in Latin America, providing wireless service (Telcel in Mexico, Claro across the region), plus fixed-line phone, broadband, and pay-TV, along with enterprise and cloud services across Latin America and parts of Europe.
Is AMX a US stock or a foreign stock?
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AMX is a Mexican company. The US-listed security is an American Depositary Receipt (ADR) that trades on the NYSE and represents underlying shares, letting US investors buy it in dollars through a normal brokerage account.
How do you invest in AMX?
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You can buy the AMX ADR or fractional shares at any major US broker, hold it through an emerging-markets or telecom ETF that includes it, or add it as one position in a thematic basket alongside related holdings.
Does AMX pay a dividend?
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Yes. America Movil pays dividends to ADR holders, typically on a semiannual or periodic basis, with a yield in the low single digits. Dividend amounts in dollars can vary with the peso-to-dollar exchange rate.
Who controls America Movil?
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The company is deemed to be controlled by the Slim family, associated with Carlos Slim. This concentrated control means minority ADR holders have limited say over governance and major strategic decisions.
Why does the Mexican peso matter for AMX?
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Most of America Movil's revenue and costs are in Latin American currencies while the ADR and dividend are reported in US dollars. A stronger or weaker peso can move reported earnings and the dollar value of the stock even when local operations are steady.
What are the main risks of owning AMX?
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Key risks include currency swings (especially the peso), Slim-family control that limits minority influence, heavy regulation and antitrust scrutiny of its dominant positions, competition from Telefonica and others, and macroeconomic or political instability across Latin America.
How large is America Movil?
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It is one of the largest telecom operators in the world by subscribers, serving roughly 331 million wireless subscribers and about 79 million fixed revenue-generating units at the end of 2025, with a market capitalization in the tens of billions of dollars.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with America Movil, S.A.B. de C.V.'s investor relations page or your broker before making investment decisions.