America Movil SAB de CV ADR - Series B
AMX: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$38.00 | Xwsvds | Lqbdktlr |
America Movil Earnings: Argentine Currency Effects Cloud Results but Solid Performance Overall
The rapidly devaluing Argentine peso produced messy fourth-quarter results at America Movil, but this business accounts for less than 5% of the firm’s total revenue, making it a headache but not a major contributor to our fair value estimate. Results in Mexico and Brazil were solid, and we aren’t changing our $21 fair value estimate per ADR.